Legato Merger Corp II - Ordinary Shares - Class A

NASDAQ:LGTO  
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Debt Financing / Related, Mergers / Acquisitions

Southland Holdings, Legato Merger Corp II Announce Merger

Published: 05/25/2022 21:07 GMT
Legato Merger Corp II - Ordinary Shares - Class A (LGTO) - Southland Holdings and Legato Merger Corp.
Ii Announce Merger.
Legato Merger Ii Corp - Southland's Holders Will Receive a Combination of Cash and Stock Valued at Up to $498 Million.
Legato Merger Ii Corp - Southland's Existing Holders Will Receive $343 Million of Legato Ii Common Stock and $50 Million in Cash at Closing.
Legato Merger Ii Corp - Deal Implies a Pro Forma Enterprise Value of $810 Million for Combined Co.
Legato Merger Ii-as Wholly-owned Subsidiary of Legato Ii, Southland Will Execute Growth Strategies Under Leadership of Southland's Current Management.
Legato Merger Ii Corp - Transaction is Expected to Add $220 Million of Cash to Southland's Balance Sheet.
Legato Merger Ii - at Close, Southland Current Holders & Management Team to Hold About 55% of Legato Ii's Outstanding Common Stock.