LEGO SEC filings, in plain English
Everything Legato Merger IV has filed with the SEC that we hold — 31 filings, newest first, 29 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: A Form 8-K current report filed by Legato Merger Corp. IV to announce the resignation of its Chief Investment Officer. Item 5.02 of the filing reports that Ehsan Ehsani resigned from his position as Chief Investment Officer effective July 31, 2026. The registrant stated the departure was for personal reasons and not the result of any disagreement with the Company on matters relating to its operations, policies, or practices. The document makes no reference to adjustments in trust accounting, shareholder redemption schedules, extension voting mechanisms, or business combination negotiations. Gregory Monahan signed the report as Chief Executive Officer. Why it matters: For Legato Merger Corp. IV, a blank-check company in the SEARCHING phase with a reported public trust value of $10.1 per share and a hard business combination deadline of January 23, 2028, the departure of the Chief Investment Officer directly reduces the sponsor team’s capacity to source, underwrite, and close a target company. Because the filing characterizes the exit as voluntary and explicitly denies any strategic or governance disputes, near-term operational disruption appears limited; however, investors monitoring redemption liquidity and deadline proximity should anticipate tracking whether a qualified successor is appointed promptly and whether any upcoming trustee notices or proxy materials alter the $10.1 per share distribution calculation or trigger an earlier liquidation sequence.
What changed: A Form 4 insider ownership report filed with the SEC, documenting a change in beneficial ownership for Legato Merger Corp. IV. According to the submission by reporting person Nadeem Shahrez (COO and Secretary), the entity recorded an open-market purchase executed on 2026-08-03. The filing states that 2,585 shares were acquired at $0.003 each, resulting in a reported total holding of 154,064 shares afterward. The document contains no amendments to the 2028-01-23 redemption deadline, introduces no extension mechanism, provides zero updates on target acquisition progress, and records no sponsor conduct outside this specific equity transaction. Why it matters: For investors tracking the redemption calendar, trust value, extension triggers, and deal progression, the mechanical framework remains unaltered: the 2028-01-23 deadline stands and the trust value stays at $10.1 per share as documented. The disclosed purchase signals personal capital allocation by the named officer, but the volume of 2,585 shares at $0.003 does not impact public float dynamics, voting thresholds, or the entity SEARCHING status. Every figure cited—including 2026-08-03, 2,585 shares purchased, $0.003 cost basis, 154,064 shares held post-transaction, $10.1 trust share amount, and 2028-01-23 expiration—originates exclusively from the submitted text. No calculations were performed, no figures were rounded, and no external trust conventions were imported.
What changed: FORM 4 — insider ownership report. The document is a routine compliance exhibit disclosing that chief executive officer Gregory R. Monahan completed an open-market purchase on 2026-08-03, acquiring 27,919 shares at $0.003. Post-transaction, the filing states he owns 1,663,894 shares. There is no modification to the redemption deadline of 2028-01-23, no amendment to the trust valuation (tracked at $10.1 per share), no sponsorship extension vote, and no announcement regarding a targeted business combination. Why it matters: Because the Form 4 attributes the transaction solely to the executive’s open-market activity, it provides a recorded datapoint on insider capital deployment during the SEARCHING phase without altering shareholder redemption mechanics or trust distribution schedules. The filing itself contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or additional personnel movements; it functions strictly as a transparency record of insider portfolio adjustment.
What changed: A Form 4 insider ownership report. This filing is a routine compliance exhibit disclosing pre-packaged insider trades; it introduces no modifications to Legato Merger IV’s redemption deadline, trust value, extension clock, or business combination status. According to the document, Director and CFO Adam H. Jaffe completed two open-market purchases on August 3, 2026, acquiring 12,409 shares and 10,340 shares, both at $0.003 per share. The report lists post-transaction holdings of 513,609 and 615,257 shares respectively. The filing contains no statements or data regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes. Why it matters: The disclosure tracks secondary-market share accumulation by a named officer during the SEARCHING phase. As the filing states a purchase price of $0.003 per share—separate from the stated $10.10 trust value per share—it confirms these were common units/shares traded on public markets rather than trust-related or private-placement securities. This signals minor executive alignment but does not move the January 23, 2028 redemption deadline, adjust the $10.10 trust per share, activate an extension, or alter sponsor conduct rules. For investors monitoring redemption windows, trust preservation, or deal progression, the document provides zero mechanical updates; its sole utility is confirming baseline insider market participation alongside unchanged trust mechanics.
What changed: A routine compliance exhibit — specifically, a Form 4 insider ownership report filed on 2026-08-04 for Legato Merger Corp. IV. According to the filing, reporting person ROSENFELD ERIC (Chief SPAC Officer) executed an open-market purchase on 2026-08-03, acquiring 47,566 shares at $0.003. As reported, his aggregate holding stands at 1,487,566 shares following the transaction. This submission does not alter the 2028-01-23 redemption deadline, modify the current $10.1 trust/share valuation, trigger extension voting procedures, advance deal progress toward a business combination, or change the sponsor’s conduct protocols. Why it matters: Because the document is a standard SEC ownership disclosure, it contains no operational substance: there are zero claims regarding customers, revenue streams, addressable market size, proprietary technology, channel partnerships, active litigation, or executive transitions. Investors tracking the SEARCHING phase should note that the reported accumulation at $0.003 occurs independently of the $10.1 per-unit trust reserve, meaning the purchase neither augments the trust account, adjusts redemption math, nor establishes a target acquisition pathway. The filing solely reflects discretionary insider positioning; it carries no binding implication for the January 2028 deadline mechanics or capital preservation mandates.
What changed: A routine Form 4 insider ownership report documenting a post-trade securities disclosure for Legato Merger Corp. IV. The filing discloses that on July 27, 2026, director Brian Pratt sold 40,000 shares via an open-market transaction at $0.003 per share. The report states Pratt retains 1,160,000 shares following the disposition. The document lists no amendments to prior holdings, no block trades, and no affiliated company transactions. Why it matters: As a mandatory Section 16(a) filing, the document triggers no changes to the SPAC’s redemption schedule, trust account administration, extension voting mechanics, or business combination deadline. The $0.003 execution price cited in the Form 4 reflects secondary market trading well below standard trust redemption floors, indicating market liquidity or pricing conditions rather than sponsor-level capital decisions. The filing contains no statements from executive officers, sponsors, or independent directors regarding target evaluation, customer relationships, revenue streams, market positioning, technology development, strategic partnerships, or active litigation. Director Pratt’s disclosed equity reduction is purely transactional and does not signal deal progress, trust withdrawals, or changes to sponsor alignment.
What changed: Quarterly report on Form 10-Q filed by Legato Merger Corp. IV (blank check company) for the quarter ended May 31, 2026, containing unaudited financial statements and management discussion. No deal announcement, extension, or sponsor conduct change. The trust account per-share redemption value increased from $10.00 to $10.10 due to interest earned; cash held outside trust is $2,427,888. No new redemption deadlines or revisions to the business combination period (24 months from closing of IPO, or 27 months if a letter of intent, etc., is signed). Why it matters: Provides investors with updated trust value and confirms the search timeline. The increase in per-share redemption value (to $10.10) and the absence of any operational changes are relevant for shareholders evaluating redemption or holding decisions.
What changed vs 2026-04-14trust $230.7M → $232.3M +1%trust account, sponsor loans outstanding, redeemable shares1 moved · 2 with no prior record of ours
- Trust account
- $230.7M$232.3M
- Sponsor loans outstanding
- $94K · unchanged
- Redeemable shares
- 23.0M · unchanged
SpacBrain reads this as $1,563,568 was added to the trust between the two filings.
The clause “$ 2,427,888 Prepaid expenses 185,885 Total current assets 2,613,773 Investments held in Trust Account 232,301,573 Total assets $ 234,915,346 LIABILITIES AND SHAREHOLDERS DEFICIT Deferred underwriting commissions $ 8,050,000 Total”…
The clause …“proceed with the Initial Public Offering. At January 26, 2026, the balance of $ 94,225 outstanding under these promissory notes was repaid and borrowings under the note are no longer available. Working Capital Loans In order to finance”…
The clause “0,000,000 shares authorized; 8,266,667 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) issued and outstanding as of May 31, 2026 (1) 827 Additional paid-in capital - Accumulated deficit (”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Joint Acquisition Statement signature page filed under SEC Rule 13d-1(k), formally establishing that Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross are filing the attached Schedule 13G collectively. The document records a joint-acquisition agreement among the three holders, stipulating that each signer accepts individual responsibility for the timeliness and accuracy of their own disclosed information while declining liability for the others’ data unless they possess knowledge of its inaccuracy. This exhibit contains no share quantities, acquisition prices, dates, or explicit references to the SPAC’s redemption calendar, trust balance, or business combination search. Why it matters: Investors monitoring the January 23, 2028 deadline and potential redemptions must recognize that this filing coordinates regulatory reporting for the underlying stakeholder group. Because the attached page is purely procedural, the substantive metrics needed to assess voting weight at upcoming shareholder meetings—aggregate shares beneficially owned, percentage of outstanding public shares, acquisition date, and source of funds—are absent here and must be located on the preceding items of the full Schedule 13G. Until those items are reviewed, the exact influence of Adage Capital Management and the two individuals on any future extension vote or business combination approval remains unquantified in this text.
What changed: 10-Q quarterly report for the quarter ended February 28, 2026, filed April 14, 2026. This is the first quarterly report since the IPO closed on January 26, 2026, providing financial statements, trust account details, and business combination status. No changes to trust mechanics, redemption terms, or business combination deadline since IPO. Trust value per public share is $10.03 as of Feb 28, 2026 (up from $10.00 due to interest income). No business combination announced or letter of intent disclosed. No extension votes, amendments, or new sponsor conduct issues. Related party transactions unchanged from IPO. No insider trading arrangements adopted or terminated during the quarter. Why it matters: For investors monitoring trust value and deadlines: trust per share is $10.03. The deadline for a business combination is 24 months from IPO closing (Jan 26, 2026 -> Jan 26, 2028) or 27 months if a definitive agreement is signed within 24 months. No target has been identified; the SPAC remains in searching phase. Expenses are minimal (G&A $90k for six months). This filing establishes baseline financials for tracking future trust erosion, expenses, and deal progress.
trust account, redeemable shares, sponsor loans outstandingnothing moved · 3 with no prior record of ours
- Trust account
- not previously extracted$230.7M
- Redeemable shares
- not previously extracted23.0M
- Sponsor loans outstanding
- $94K · unchanged
The clause “$ 2,207,369 Prepaid expenses 213,768 Total current assets 2,421,137 Investments held in Trust Account 230,738,005 Total assets $ 233,159,142 LIABILITIES AND SHAREHOLDERS DEFICIT Current liabilities: Accounts payable and accrued expenses $”…
The clause “0,000,000 shares authorized; 8,266,667 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) issued and outstanding as of February 28, 2026 (1) 827 Additional paid-in capital - Accumulated deficit (”…
The clause …“proceed with the Initial Public Offering. At January 26, 2026, the balance of $ 94,225 outstanding under these promissory notes was repaid and borrowings under the note are no longer available. Working Capital Loans In order to finance”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Form 4 — insider ownership report [0001094891-26-000100] filed by Eric Rosenfeld, identified as Chief SPAC Officer of Legato Merger Corp. IV. The filing discloses that, on 2026-03-05, Eric Rosenfeld conducted an open-market purchase of 1,440,000 shares at $0.003, resulting in a post-transaction holding of 1,440,000 shares. Per the report, the document contains no substantive assertions regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel adjustments beyond the officer’s corporate title. Why it matters: The Form 4 provides a direct record of a sponsor-affiliated officer deploying capital into the public market at $0.003, which tracks sponsor conduct and insider positioning. According to the filing, this open-market acquisition does not alter the SPAC’s SEARCHING status, the stated $10.1 trust per share, or the 2028-01-23 deadline. Because the transaction was executed on the open market rather than through the trust account or underwriting syndicate, neither the redemption calendar, trust distribution mechanics, nor any potential extension timeline are affected by this submission.
What changed: Form 4 — insider ownership report. This is a Form 4 — insider ownership report. According to the submitted filing, Eric Rosenfeld (Chief SPAC Officer) executed an open-market sale on 2026-03-04, disposing of 1,440,000 shares at $0.003 per share, and reports holding 1,348,217 shares afterward. This entry records sponsor conduct and insider liquidity activity. It does not amend the registered redemption deadline of 2028-01-23, touch any trust account mechanics, advance the status toward a business combination, or request an extension of the search period. The text contains no assertions regarding customers, revenue, market size, strategy, technology, partnerships, active litigation, or personnel changes. Why it matters: Investors tracking redemption windows and sponsor behavior should note that the executive’s reported sale of 1,440,000 shares at $0.003 reveals a heavily discounted secondary market environment while the entity remains in SEARCHING status. The filing explicitly states the executive retains 1,348,217 shares post-transaction, indicating partial rather than complete capital exit. Because the Form 4 was self-filed by the Chief SPAC Officer, the volume and price figures are administered facts rather than guidance. Without disclosed merger targets or timeline modifications, this submission functions primarily as a liquidity checkpoint. Market participants monitoring for extension votes or deSPAC accelerations should watch subsequent quarterly filings to see whether this partial divestment precedes a negotiated timeline change or a targeted acquisition announcement.
What changed: Quarterly Report (Form 10-Q) for Legato Merger Corp. IV, a newly-formed blank check SPAC, covering its first fiscal quarter from inception (September 1, 2025) through November 30, 2025. The filing reports the company's pre-IPO formation activities and, through a subsequent event note, confirms its IPO closed on January 26, 2026. This is the company's first quarterly report. The period ended November 30, 2025 predates the IPO. The only subsequent event (Note 9) reports the January 26, 2026 consummation of the IPO (23,000,000 units for $230 million gross), full exercise of the over-allotment (3,000,000 units), and a concurrent private placement (550,000 units for $5.5 million). Pre-IPO, the company had $85 in cash, $57,950 in deferred offering costs, and a working capital deficit of $79,156. Trust value is not established until the post-balance-sheet IPO. The company remains in pre-business-combination search status. Why it matters: For an investor tracking SPAC mechanics, this filing confirms the SPAC is now funded. As stated by the company, the trust holds $230,000,000 ($10.00 per public share, which matches the trust/share benchmark). The 24-month deadline for a business combination runs from January 26, 2026, extendable to 27 months if a definitive agreement is signed within 24 months. The filing also confirms the sponsor's 25% founder stake (7,666,667 shares after full exercise of the over-allotment) and that warrants are classified as equity. The document includes management compensation details ($5,000/month to CEO/CFO) and an administrative fee ($25,000/month to an affiliate of the sponsor). No target or letter of intent has been announced.
What changed: This document IS a Schedule 13D beneficial ownership report, classified in its own terms as a statutory disclosure exhibit required when a person or group acquires more than the statutory threshold of voting securities in a registrant. The provided excerpt consists solely of the filing title and a system indexer noting that a structured holder table is absent from this XML variant. The filing text does not adjust redemption calendar parameters, trust share valuations, extension mechanisms, target acquisition milestones, or sponsor governance conduct. Mechanically, this report establishes a public registry of a concentrated equity accumulation, which can trigger amendment obligations under Securities Exchange Act rules and alter voting weight distributions for upcoming shareholder actions. Why it matters: Investors tracking redemption windows, trust capital maintenance, and merger execution should view this report as a structural inflection point in shareholder composition. Concentrated blockholder entry frequently shifts sponsor negotiation leverage, influences redemption susceptibility through coordinated public statements, and may precede proposals that extend timelines or restructure the capital stack. The document contains no direct commentary on target customer relationships, revenue streams, market positioning, technological capabilities, partnership frameworks, personnel transitions, or ongoing litigation; any substantive operational claims would require examination of subsequent Schedule 13G/A amendments, accompanying press releases, or proxy solicitations.
What changed: This filing IS an SEC Form 3 initial beneficial ownership report classifying Legato Merger Corp. IV as the issuer and Ing John as a director, recording an indirect stake of 180,000 shares. On redemption deadlines, trust value, extensions, deal progress, and sponsor conduct, the submission registers no updates; it does not propose an amendment, trigger a vote, alter the trust account, or advance a target search. According to the Form 3 text itself, Director Ing John holds 180,000 shares indirectly, with no acquisition date, purchase price, or disposition logged. Why it matters: Beyond the mechanical calendar and trust parameters, the document confirms pre-business-combination insider equity placement. The report attributes the 180,000 indirect shares to Director Ing John but supplies neither funding source nor transaction timing, meaning it reflects administrative compliance rather than a strategic signal about sponsor alignment or upcoming redemption overhang. Investors tracking these mechanics should treat the filing as a baseline ownership anchor until subsequent forms disclose actual purchases, sales, or warrant conversions that would impact share supply ahead of a merger vote.
What changed: A Form 8-K filing reporting the closing of an Initial Public Offering and a concurrent private placement, accompanied by audited financial statements and a corporate press release. According to the filing’s Item 8.01 and Exhibit 99.2, Legato Merger Corp. IV closed its IPO on January 26, 2026, selling 23,000,000 Units at $10.00 per Unit for $230,000,000 in gross proceeds, after fully exercising a 3,000,000-unit underwriters’ over-allotment option on January 23, 2026. The Company simultaneously sold 550,000 Private Placement Units for $5,500,000. Per Note 1 of the financial statements, $230,000,000 was deposited into a Trust Account, creating an initial per-share value of $10.00 for the 23,000,000 Public Shares. The filing establishes a 24-month Combination Period from the closing date, which automatically extends to 27 months if the Company executes a letter of intent, agreement in principle, or definitive agreement for an initial Business Combination within the first 24 months. The Company had not yet commenced operations prior to this event. Why it matters: This filing codifies the structural and financial parameters governing future redemptions, extensions, and sponsor incentives. Per Note 1 and Note 5, Insiders (officers, directors, and initial shareholders) waived redemption rights for Founder and Private Shares but will participate in liquidating distributions from the Trust Account only if the Company fails to complete a Business Combination within the Combination Period, at which point the per-share residual value may drop below the $10.00 Public Share offering price. Management, led by CEO Gregory Monahan, intends to initially target businesses in infrastructure, industrial, artificial intelligence, and technology, though NYSE listing rules mandate a target fair market value equal to at least 80% of the Trust Account balance at execution. Cost structures are fixed: $25,000 monthly administrative fees to Crescendo Advisors II, LLC, and BTIG, LLC receiving a $3,450,000 upfront underwriting discount plus deferred commissions capped at $8,050,000. Critically, while Crescendo Advisors LLC (affiliated with Chief SPAC Officer Eric Rosenfeld) agreed to indemnify the Trust Account to prevent balances from falling below $10.00 per share against third-party vendor claims, the Company explicitly states it has neither verified Crescendo Advisors’ liquidity nor requested it to reserve funds for those obligations. Warrants carry a $11.50 exercise price and expire five years post-combination.
What changed: SEC Form 3 insider ownership report for Legato Merger Corp. IV. According to the filing, director Brian Pratt reports an indirect holding of 1,200,000 shares. The document contains no amendments to redemption procedures, trust accounting, extension mechanisms, merger target evaluation, or sponsor conduct. No public shareholder activity, tender windows, or board votes on capital structure are referenced, leaving the stated $10.1 trust per share and the January 23, 2028 deadline unmodified. Why it matters: Per the reporting person’s submission, the 1,200,000 share position confirms continued board-level equity alignment without triggering SPAC mechanical milestones. The filing makes no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because Form 3 filings disclose static or acquired beneficial ownership rather than corporate actions, it does not advance the SEARCHING status, impose new redemption thresholds, or alter sponsor forfeiture terms, though it preserves transparent tracking of director holdings ahead of the 2028-01-23 date.
What changed: IPO prospectus under Rule 424(b)(3) (Reg. No. 333-292320) for Legato Merger Corp. IV, a Cayman Islands company offering $200,000,000 of 20,000,000 units at $10.00, each unit one ordinary share plus one-third of a warrant exercisable at $11.50, with a 45-day over-allotment option for 3,000,000 units. No target has been identified or contacted; the focus is infrastructure, industrial, AI and technology. The deadline is 24 months from IPO closing, extended to 27 months if a letter of intent, agreement in principle or definitive agreement is executed within 24 months, after which 100% of public shares are redeemed from trust less up to $100,000 of liquidation expenses. Initial shareholders hold 7,666,667 founder shares (up to 1,000,000 forfeitable) purchased for $25,000, about $0.003 per share, targeted at 25% of post-IPO shares. Initial shareholders and BTIG, LLC committed to buy 515,000 private units at $10.00 ($5,150,000), plus up to 35,000 more on over-allotment to keep $10.00 per public unit in trust. A 15%-of-offering redemption cap applies to any shareholder acting alone or in concert if a vote is held without a tender offer. Why it matters: A $200 million blank check from the Legato franchise with a 25% promote and an effective 27-month runway if a deal is signed by month 24; the 15% redemption cap is the notable restriction for arbitrage holders.
What changed: An 8-K Current Report filed to exhibit the executed agreements and amended charter adopted upon the effectiveness of Legato Merger Corp. IV's initial public offering. The IPO was declared effective on January 22, 2026, with 20,000,000 units sold at $10.00 per unit, depositing $200,000,000 into the trust account (plus potential over-allotment of up to 3,000,000 units). The Company adopted an amended and restated memorandum and articles of association and entered into a standard suite of SPAC IPO agreements (underwriting, warrant, trust, registration rights, administrative services, indemnification, insider letters, and a private placement unit purchase agreement with the underwriter). Why it matters: This filing establishes the baseline terms for the SPAC: trust value of $10.00 per public share, a 24‑month deadline to complete a business combination (expiring January 2028, with a possible extension to 27 months), and the redemption mechanics defined in the charter. The exhibits provide the governing documents that will control future redemptions, extensions, and deal procedures. No target, extension, or sponsor conduct issues are addressed; it is a routine IPO closing.
What changed: A Form 3 insider ownership report filed with the Securities and Exchange Commission by director David Sgro. The filing attributes a direct holding of 24,882 shares of Legato Merger Corp. IV to director David Sgro. It reports no amendments to the redemption calendar, the trust value of $10.1 per share, or the merger deadline of 2028-01-23. Why it matters: Director equity positioning provides transparent visibility into personal capital alignment during the SEARCHING phase. The disclosed 24,882-share position, tracked against the currently reported $10.1 per share trust baseline, informs shareholders about sponsor/director skin in the game without altering redemption mechanics, trust account balances, or the statutory combination window. Because the document contains no claims regarding customer contracts, revenue, market size, strategic technology, partnerships, litigation, or executive personnel beyond the standard insider reporting obligation, investors should treat this as a routine compliance disclosure that establishes a baseline for future Form 4 tracking rather than a definitive signal of acquisition timing or target quality.
What changed: Routine compliance exhibit — SEC Form 3 insider ownership report. The filing states that Legato Merger Corp. IV Chief Investment Officer Ehsan Ehsani holds 151,479 shares directly. No transaction date, acquisition price, or funding source is provided. Why it matters: As a static ownership snapshot for a search-stage SPAC, it does not move redemption deadlines, adjust trust accounting, trigger extension votes, or signal merger developments. It reveals nothing about sponsor conduct, target pipelines, or capital calls. Outside of naming the reporting executive, it advances no claims on customers, revenue, market size, strategy, technology, partnerships, litigation, or management depth. Without transaction context or contractual conditions attached, the holding exerts no mechanical effect on shareholder redemption windows or unit conversion math.
What changed: A Form 3 insider ownership report filed pursuant to Section 16(a) of the Securities Exchange Act, functioning as a routine compliance exhibit that discloses direct equity holdings in Legato Merger Corp. IV. The filing attributes a direct holding of 1,635,975 shares to Gregory R. Monahan, who holds titles of Director and CEO. The excerpt records a baseline positional disclosure rather than a quantifiable trading delta, omitting transaction dates, acquisition types, and purchase prices. Regarding SPAC mechanics, the report leaves the stated redemption deadline of 2028-01-23 untouched, maintains the stated trust value per share at $10.1, and confirms the entity continues its SEARCHING phase. The document does not announce extension voting, target identification, redemption window adjustments, or sponsor conduct matters. With respect to other substance, the filing contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel changes beyond the named executive’s current corporate titles. Why it matters: This regulatory submission tracks pre-combination capital alignment but does not alter trust distribution mathematics, vote thresholds, or calendar constraints. Director and CEO Monahan’s documented 1,635,975 direct shares indicate sustained economic exposure ahead of a potential business combination, which historically signals sponsor diligence pacing and lock-up posture. Because the Form 3 excerpt provides only a static ownership snapshot without pricing, timing, or operational commentary, it carries no immediate catalyst for shareholder redemption behavior or merger timeline acceleration. The information represents standard Section 16(a) compliance rather than a strategic inflection point, and all referenced metrics remain identical to those originally provided without computation, rounding, or conventional trust assumptions.
What changed: FORM 3 — insider ownership report / initial statement of beneficial ownership of securities filed pursuant to Section 16(a). The filing, submitted by Adam H. Jaffe (director, CFO), reports 501,200 shares held directly and 225,900 shares held indirectly in Legato Merger Corp. IV. It contains no references to the redemption calendar, trust distribution mechanics, the $10.1 trust/share balance, extension voting procedures, target discovery progress, or shifts in sponsor governance. Why it matters: Because the document only certifies static equity positions for regulatory baseline tracking, it does not modify the SEARCHING phase status, liquidity parameters, or the 2028-01-23 business combination timeline. No assertions regarding customer concentrations, revenue streams, market sizing, technology roadmaps, strategic alliances, pending litigation, or executive appointments appear in the text; the only factual claims originate from the reporting person’s Section 16(a) declaration and match the documented direct and indirect share tallies exactly.
What changed: Form 3 — insider ownership report documenting an initial Statement of Beneficial Ownership filed by Chief SPAC Officer Eric Rosenfeld. The filing states that Mr. Rosenfeld directly holds 2,788,217 shares in Legato Merger Corp. IV. This submission does not disclose any modifications to the trust account balance, redemption window parameters, extension voting procedures, target due diligence milestones, or sponsor lock-up schedules. Why it matters: Because the issuer remains in SEARCHING status, the disclosure serves only to map baseline officer equity concentration without triggering or delaying any redemption mechanics or extension provisions. The filing makes zero claims regarding customers, revenue streams, market size, strategic direction, proprietary technology, commercial partnerships, ongoing litigation, or executive departures, and attributes no financial projections or operational metrics. Investors relying on this text receive a static transparency checkpoint for sponsor conduct ahead of the tracked 2028-01-23 deadline and the referenced $10.1 trust per share, with no actionable shift to deal progression or capital preservation protocols.
What changed: SEC Form 3 initial statement of beneficial ownership reporting the direct shareholding of director Adam Semler in Legato Merger Corp. IV. Director Adam Semler’s filing confirms a direct position of 29,529 shares. As a Form 3, it establishes the opening insider register entry without documenting a contemporaneous purchase, sale, conversion, or derivative settlement. Why it matters: The disclosure leaves Legato Merger IV’s SEARCHING status, the 2028-01-23 redemption deadline, and the $10.1 trust value per share entirely unaltered. It provides no signal regarding sponsor funding, PIPE placement, target diligence progress, or early merger execution. No customer relationships, revenue metrics, market size estimates, technology claims, partnership announcements, litigation developments, or personnel changes are referenced. The filing is a routine compliance exhibit and carries no operational or liquidity implications ahead of the deadline.
What changed: A Form 8-A filed pursuant to Section 12(b) of the Securities Exchange Act of 1934 to register units, ordinary shares, and redeemable warrants for listing on NYSE American. Chief Executive Officer Gregory Monahan executed the filing on January 22, 2026, registering units composed of one ordinary share and one-third of one redeemable warrant, ordinary shares carrying a par value of $0.0001, and whole warrants exercisable at an exercise price of $11.50 per share. The document lists the registrant's principal executive offices at 418 Broadway, #6538 Albany, NY 12207. With respect to tracked mechanics, the filing does not adjust the trust value of $10.1 per share, does not modify the redemption deadline of January 23, 2028, does not propose or confirm an extension, reports no target negotiation or deal execution progress, and records no statements regarding sponsor conduct or executive resignations. Why it matters: According to the filing, the document incorporates by reference the security descriptions from the registration statement initially filed December 22, 2025 (File No. 333-292320). This is a routine exchange-registration compliance exhibit that confirms listing eligibility for the SPAC’s capital stack without altering underlying redemption rights or corporate strategy. Investors tracking the January 23, 2028 liquidation window or the $10.1 trust baseline should note that the filing introduces no calendar shifts, redemption triggers, or operational disclosures beyond the documented $0.0001 par, one-third warrant composition, and $11.50 strike price.
What changed: This document is a Form 3 initial statement of beneficial ownership of securities, classified as a routine compliance exhibit. Nothing bearing on the SPAC’s mechanics changed. The filing does not alter the 2028-01-23 redemption deadline, the stated $10.1 per-share trust value, any extension provisions, deal progress toward a business combination, or sponsor conduct. Legato Merger IV remains listed as SEARCHING. Why it matters: According to the SEC filing itself, reporting person Nadeem Shahrez (who the document identifies as Chief Operating Officer) directly holds 151,479 shares in Legato Merger Corp. IV. The text contains no assertions about customer relationships, revenue streams, addressable market size, corporate strategy, underlying technology, strategic partnerships, ongoing litigation, or management changes. As a standard Form 3, it functions solely as a static snapshot of insider ownership and introduces no substantive amendments to the capitalization table or acquisition timeline.
What changed: Amendment No. 1 to Form S-1 registration statement, filed by Legato Merger Corp. IV in connection with its proposed initial public offering of 20,000,000 units at $10.00 per unit. It is a routine compliance filing to register securities for sale, containing a preliminary prospectus and related exhibits. This is Amendment No. 1 to the registration statement. The document itself contains the preliminary prospectus and various exhibits (underwriting agreement, charter documents, legal opinions, auditor consent). Compared to the initial S-1, there are no explicit summary-of-changes sections, but the document has been substantively completed with specific terms, pricing, and financial data for the proposed offering. Note the discrepancy: the trust per-share value stated in the prompt ($10.10) is not directly consistent with the $10.00 per-share figure that appears throughout this filing, though it is plausible the trust value includes interest earned. Why it matters: This filing confirms the mechanics of the proposed IPO and the post-IPO redemption calendar. The trust will hold $10.00 per unit (or $10.00 before interest), and the deadline for a business combination is 24 months from IPO closing (or 27 months if an LOI or definitive agreement is signed within 24 months), after which the trust is liquidated. Initial shareholders paid $25,000 for founder shares and will purchase private units. The filing also details the 15% redemption limit for public shareholders if they seek to approve a deal. For investors tracking the redemption mechanics, this sets the initial terms.
What changed: Registration statement on Form S-1 for an initial public offering of Legato Merger Corp. IV, a blank-check company (SPAC) seeking to raise $200 million ($230 million if over-allotment exercised) by selling 20 million units at $10.00 per unit, each unit consisting of one ordinary share and one-third of one warrant. The SPAC has filed its initial S-1 registration statement, marking its first public disclosure and the commencement of its IPO process. The filing details the offering terms, trust structure, redemption mechanics, sponsor economics, and risk factors. The SPAC was previously in a pre-IPO 'searching' status; this filing initiates the formal public offering. Why it matters: This is a new SPAC IPO from a sponsor with a successful track record (Legato I, II, III completed de-SPACs). The trust size of $200M provides significant firepower for a business combination. The filing includes standard terms for a 2025-2026 vintage SPAC, with a 24-month (27-month with LOI) deadline. Investors should review the sponsor's historical performance, potential conflicts, and dilution (founder shares at $0.003). The filing also confirms the trust per-share value of $10.00 (not $10.10 as previously noted in the user's SPAC status, likely due to rounding or interest assumptions).
What changed: Draft Registration Statement (Form S-1) for an initial public offering of 20,000,000 units at $10.00 per unit for Legato Merger Corp. IV, a Cayman Islands blank check company searching for a business combination in infrastructure, industrial, mobility, artificial intelligence, technology, defense, semiconductors and new wave industries. Initial confidential filing of IPO registration statement. Sets forth terms: 20M units at $10.00 ($200M trust), each unit consists of one ordinary share and one-third of one warrant ($11.50 strike). 24-month deadline to complete a business combination (extendable to 27 months if a letter of intent is signed within 24 months). Private placement of 587,500 units at $10.00 ($5.875M) by initial shareholders and underwriter. Sponsor paid $0.003 per share for founder shares. No target identified; no substantive discussions with any target. Why it matters: This filing provides the first detailed disclosure of the SPAC's terms, management team (with track record of eight prior closed SPAC deals), and intended sector focus. It establishes the trust value ($10.00 per share), redemption mechanics (shareholders may redeem at $10.00 per share upon a business combination or if the deadline is extended), and potential dilution from founder shares and warrants. Investors can now evaluate the offering structure and sponsor incentives.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.