Algoma Steel and Legato Merger Corp. close business combination

Algoma Steel Group Inc. completed its merger with Legato Merger Corp., a SPAC, taking Algoma public on Nasdaq and TSX under ticker ASTL. The transaction provided net proceeds of approximately USD 306 million for strategic investments, including a proposed transition to electric arc furnace steelmaking.

“Today Algoma Steel Group Inc., parent company of Algoma Steel Inc., announced the completion of their merger with Legato Merger Corp.”algoma.com

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• algoma.comAlgoma Steel and Legato Merger Corp. Close Business Combination - Algoma SteelChelsea GaudetteOct 19, 2021

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