# Algoma Steel shares begin trading after SPAC merger IPO

Algoma Steel shares began trading on Nasdaq and TSX under ticker ASTL following an IPO enabled by a merger with Legato Merger Corp., a SPAC. Proceeds will fund an electric arc furnace project.

- Type: Investment
- Announced: 2026-11-06
- Where: Sault Ste. Marie, Ontario, Canada
- Status: completed
- Products: flat-rolled steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Algoma Steel Inc.](https://endata.com/companies/15428.md)
- [Legato Merger Corp.](https://endata.com/companies/55347.md) (partner)

## Sources

- [steelmarketupdate.com](https://www.steelmarketupdate.com/category/mills/page/73/), 2026-11-06: "Algoma Steel shares began trading on the Nasdaq Stock Exchange and the Toronto Stock Exchange (TSX) on Wednesday under the ticker symbol 'ASTL.'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.