 New York, NY, Jan. 25, 2021 GLOBE NEWSWIRE -- Legato Merger Corp.NASDAQ: LEGOU the Company announced today that it consummated the sale of an additional 3,075,000 units pursuant to the over-allotment option granted to the underwriters in the Companys initial public offering. The units were sold at 10.00 per unit generating total additional gross proceeds of 30,750,000. The units were listed on the Nasdaq Capital Market Nasdaq under the ticker symbol LEGOU and began trading on Wednesday, January 20, 2021. Each unit consists of one share of common stock and one warrant to purchase one share of common stock at a price of 11.50 per share, subject to adjustment. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on Nasdaq under the symbols LEGO and LEGOW, respectively. Of the proceeds received from the consummation of the initial public offering, including the over-allotment option, and simultaneous private placements of units, 235,750,000 or 10.00 per share sold in the offering was placed in trust. 