LEGATO

Southland Holdings and Legato Merger Corp. II Announce Merger

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Wednesday, May 25, 2022
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NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC (Southland), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) (Legato II), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the Business Combination), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II.

Key Points: 
  • NEW YORK and GRAPEVINE, Texas, May 25, 2022 (GLOBE NEWSWIRE) -- Privately held Southland Holdings, LLC (Southland), and Legato Merger Corp. II (NASDAQ: LGTO, LGTOU and LGTOW) (Legato II), a special purpose acquisition company, today jointly announced that they have signed a definitive agreement for a business combination transaction (the Business Combination), which would result in Southland becoming a direct wholly-owned subsidiary of Legato II.
  • Legato IIs Board of Directors will include five directors designated by Southland and two directors designated by Legato II.
  • It is expected that at the time of the Business Combination, Legato II will change its name to Southland Holdings, Inc.
  • The definitive proxy statement for Legato II (if and when available) will be mailed to stockholders of Legato II.

Legato Merger Corp. Announces Date for Special Meeting to Approve Proposed Business Combination with Algoma Steel

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Wednesday, September 22, 2021
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NEW YORK, NY, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Legato Merger Corp. (“Legato”) (Nasdaq: LEGOU, LEGO, LEGOW), a publicly traded special purpose acquisition company, today announced that its Special Meeting of Stockholders (the “Special Meeting”) has been set for October 14, 2021 at 11:00 a.m.EST. Stockholders of record as of August 18, 2021 (the “Record Date”) are eligible to vote at the Special Meeting to consider the previously announced business combination with Algoma Steel Group Inc. (“Algoma” or the “Company”), a fully integrated producer of hot and cold rolled steel products including sheet and plate..

Key Points: 
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • Algoma has achieved several meaningful improvements over the last several years that are expected to result in enhanced long-term profitability for the business.
  • Legato Merger Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities.

Algoma Steel Schedules First Quarter Fiscal 2022 Earnings Release and Conference Call

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Friday, August 13, 2021
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MARIE, ON, Aug. 13, 2021 /PRNewswire/ - Algoma Steel Inc. ("Algoma" or the "Company") and its merger partner Legato Merger Corp. (LEGO, LEGOU, LEGOW), announced today that Algoma will release its financial results for its fiscal first quarter ended June 30, 2021 on Thursday, August 19, 2021, after the close of the market.

Key Points: 
  • MARIE, ON, Aug. 13, 2021 /PRNewswire/ - Algoma Steel Inc. ("Algoma" or the "Company") and its merger partner Legato Merger Corp. (LEGO, LEGOU, LEGOW), announced today that Algoma will release its financial results for its fiscal first quarter ended June 30, 2021 on Thursday, August 19, 2021, after the close of the market.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.
  • It is investing in its people and processes, optimizing and modernizing so that it might continue to be your partner in steel.