Algoma Steel to go public via merger with Legato Merger Corp.

Algoma Steel, a Canadian steel producer, signed a definitive merger agreement with SPAC Legato Merger Corp. to become a publicly listed company, with an enterprise value of approximately $1.7 billion.

“The proposed transaction will provide Algoma with investment capital and an enhanced capital structure to support further transformative investments.”sec.gov

• 4 sources
• sec.govMay 24, 2021
• sec.govMay 24, 2021
• prnewswire.comAlgoma Steel and Legato Merger Corp. Sign Definitive Merger AgreementAlgoma Steel Inc.May 25, 2021
• saultstar.comAlgoma Steel going public with inked merger deal | Sault StarElaine Della-MattiaMay 25, 2021

Summarized from public sources; check the original articles before acting on it.