Legato Merger Corp. IV (LEGO.W) Warrant
Each LEGO.W warrant gives the holder the right to buy 1 share of Legato Merger Corp. IV at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.08, below the strike, so the warrant is out of the money. Legato Merger Corp. IV has a market value of about $315.17M. Legato Merger Corp. IV is a SPAC (no deal announced yet). It must complete a deal by January 26, 2028 or the warrants expire worthless. There are 7.67M listed warrants; exercising all of them would add 24.5% to the 31.27M shares outstanding.
LEGO vs strike, last 12 months
No share-price history for LEGO yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.87
From the issuer's S-1/A (2026-01-09).
Company and stock
- Company
- Legato Merger Corp. IV
- Underlying stock
- LEGO
- Share price
- $10.08
- Market cap
- $315.17M
- Shares outstanding
- 31.27M
- Value of all listed warrants
- $2.84M (0.9% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-07-08). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3700
- Price / model
Get Pro to see whether LEGO.W is cheap or rich against our model.
Dilution
- Shares outstanding
- 31.27M
- Listed warrants
- 7.67M
- Dilution if all exercised
- 24.5%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2028-01-26
- Latest possible deadline
- 2028-04-26
- Trust per share
- $10.10
- Sponsor
- —
- Sponsor's earlier SPACs
- —
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about LEGO.W
When does the LEGO.W warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of LEGO.W?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many LEGO.W warrants are outstanding?
7.67M listed warrants, equal to 24.5% dilution if all are exercised.