Tuesday, October 19, 2021

Equity Corporate Actions Alert #2021 - 229
Information Regarding the Business Combination of Legato Merger Corp. (LEGO/U/W) & Algoma Steel Group Inc.

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  • Industry Announcement

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The business combination of Legato Merger Corp. (LEGO/U/W) & Algoma Steel Group Inc. became effective today, October 19, 2021. As a result of the business combination, the common stock, warrant, and unit of (LEGO/U/W) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Legato Merger Corp. Common Stock
CUSIP#: 52473X106
Symbol: LEGO
Last Trading Date: October 19, 2021
Marketplace Effective Date for Suspension: October 20, 2021
Merger Consideration: One (1) share of ASTL for each share held.
Company Name/Issue: Legato Merger Corp. Warrant
CUSIP#: 52473X114
Symbol: LEGOW
Last Trading Date: October 19, 2021
Marketplace Effective Date for Suspension: October 20, 2021
Merger Consideration: One (1) ASTLW warrant for each warrant held.
Company Name/Issue: Legato Merger Corp. Units
CUSIP#: 52473X205
Symbol: LEGOU
Last Trading Date: October 19, 2021
Marketplace Effective Date for Suspension: October 20, 2021
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will be listed on the Nasdaq Global Market. The details are as follows:

Company: Algoma Steel Group Inc. Common Shares
CUSIP#: 015658107
Symbol: ASTL
Marketplace Effective Date: October 20, 2021

Company: Algoma Steel Group Inc. Warrant expiring 10/19/26
CUSIP#: 015658115
Symbol: ASTLW
Marketplace Effective Date: October 20, 2021

If you would like to register as a market maker in ASTL or ASTLW, contact Nasdaq Trading Services at +1 212 231 5100.



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