Algoma Steel

Legato Merger Corp. (Nasdaq: LEGO), sponsored by Legato Holdings LLC, completed its initial public offering in early 2021 with a mandate focused on the industrial and manufacturing sector. In May 2021, the company announced a definitive business combination agreement with Algoma Steel Group, an integrated primary steel producer headquartered in Sault Ste. Marie, Ontario. The transaction closed in October 2021, with Algoma Steel subsequently listing on Nasdaq under the ticker ASTL, representing a notable cross-border SPAC combination that brought a major Canadian steelmaker to U.S. public equity markets. The SPAC is now closed. Sign up at SpacDesk for full filing history, deal terms, and analytics on this and hundreds of other SPAC transactions.

SPAC Counterparty (1)