Shaolin Capital Management LLC Invests $5.79 Million in Legato Merger Corp. (NASDAQ:LEGO)

Shaolin Capital Management LLC bought a new position in Legato Merger Corp. (NASDAQ:LEGO) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 577,334 shares of the company’s stock, valued at approximately $5,785,000.

Several other institutional investors have also bought and sold shares of the company. Periscope Capital Inc. bought a new stake in shares of Legato Merger in the 1st quarter worth about $8,448,000. Saba Capital Management L.P. bought a new position in Legato Merger during the 1st quarter valued at about $7,282,000. Radcliffe Capital Management L.P. bought a new position in Legato Merger during the 1st quarter valued at about $6,292,000. Fir Tree Capital Management LP bought a new position in Legato Merger during the 1st quarter valued at about $4,840,000. Finally, Goldman Sachs Group Inc. bought a new position in Legato Merger during the 1st quarter valued at about $3,918,000. Hedge funds and other institutional investors own 61.50% of the company’s stock.

In other news, major shareholder Mason Capital Management Llc purchased 116,500 shares of the business’s stock in a transaction that occurred on Thursday, August 12th. The shares were bought at an average cost of $11.50 per share, for a total transaction of $1,339,750.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

NASDAQ:LEGO traded up $0.28 during mid-day trading on Thursday, hitting $11.55. 31,446 shares of the stock traded hands, compared to its average volume of 421,458. Legato Merger Corp. has a 52 week low of $9.54 and a 52 week high of $11.81. The firm’s 50 day moving average is $11.01 and its two-hundred day moving average is $10.29.

About Legato Merger

Legato Merger Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.

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Institutional Ownership by Quarter for Legato Merger (NASDAQ:LEGO)

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