Legato Merger Corp. IV Completes $230mln IPO, Including Full Over-Allotment Option

Legato Merger Corp. IV, a Cayman Islands exempted company, has closed its initial public offering of 23 million units at $10 per unit, raising $230 million. The company plans to use the funds for its initial business combination and has identified target businesses in the infrastructure, industrial, artificial intelligence, and technology industries. BTIG, LLC acted as the sole book-running manager for the offering, which was declared effective by the SEC on January 22, 2026.