Legato Merger Corp. IV (LEGO-WT) Stock: Why It's Down Today
Updated Oct 23, 2:35 PM ET · latest trade in feed Oct 23, 2:31 PM ET (Finnhub)
Updated Oct 23, 2026, 2:47 PM ET · intraday price
- Latest session (Fri Oct 23): $0.34, −$0.01 (-2.86%), volume 7.9x its 50-day average.
Sector peers moving today (SPACs & Blank Checks):CXII -0.53%BACC +0.34%GCGR +0.15%IPFX +0.10%IEAG +0.10%
- Trading at $0.34 as of 2:47 PM ET, -2.86% vs the prior close of $0.35.
- Volume 50.00K shares, 7.9x its 50-day average (heavy).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
Bold Eagle Acquisition (BEAG)Southport Acquisition Corp. II (PORT-UN)Archimedes Tech SPAC Partners II (ATII)Blue Acquisition Corp/Cayman (BACC)Pine Tree Acquisition (PAXGU)EQV Ventures Acquisition Corp. II (EVAC)
LEGO-WT dips 2.9% to $0.34 on 7.9x normal volume. Trading at $0.34 (intraday, 2:47 PM ET), -2.86% vs the prior close of $0.35. Day range $0.34–$0.34, opened at $0.34.
Why Did LEGO-WT Stock Move Today?
A plain-English, data-only note for every US trading day (today's note updates every 2 hours while the market is open). Last 5 sessions at a glance, then today's full note.
| Session | Close | Change | Volume vs 50-day avg | What the data shows |
|---|---|---|---|---|
| Oct 23, 2026 | $0.34 | -2.86% | — | LEGO-WT dips 2.9% to $0.34 on 7.9x normal volume |
Oct 23, 2026 — LEGO-WT dips 2.9% to $0.34 on 7.9x normal volume
- Trading at $0.34 (intraday, 2:47 PM ET), -2.86% vs the prior close of $0.35. Day range $0.34–$0.34, opened at $0.34.
- Volume was 50.00K shares, 7.9x its 50-day average of 6.33K — unusually heavy trading.
- 52-week range $0.31–$0.35; the current price sits at 75% of that range, 2.9% below the 52-week high.
Data-Driven Bull Case vs. Bear Case + Sector Peer Comparison Table
Points below restate what SEC filings and price data show. They are facts, not a recommendation.
- Insiders made 21 open-market purchases in the last 12 months.
- Thin trading (under $2M a day on average) can mean wide bid/ask spreads.
Sector peers · Blank Checks
| Ticker | Company | Last price | Day | Below 52w high | Avg $ volume (20d) |
|---|---|---|---|---|---|
| LEGO-WT | Legato Merger Corp. IV | $0.34 | -2.86% | 2.9% | $9.61K |
| BEAG | Bold Eagle Acquisition | $10.52 | +0.00% | 5.3% | $11.75M |
| PORT-UN | Southport Acquisition Corp. II | $9.92 | +0.00% | 0.8% | $9.10M |
| ATII | Archimedes Tech SPAC Partners II | $10.10 | +2.96% | 15.5% | $3.72M |
| BACC | Blue Acquisition Corp/Cayman | $10.48 | +0.34% | 5.6% | $3.83M |
| PAXGU | Pine Tree Acquisition | $10.00 | +0.00% | 0.1% | $3.23M |
| EVAC | EQV Ventures Acquisition Corp. II | $10.34 | +0.10% | 0.0% | $2.93M |
| INV | Innventure | $0.32 | -4.31% | 95.9% | $2.49M |
| PAII | Pyrophyte Acquisition Corp. II | $10.32 | +0.06% | 0.3% | $2.55M |
LEGO-WT Revenue, Net Income, Cash & Debt
- Net income (quarter ended May 31, 2026): $1.79M
- Cash & equivalents (as of May 31, 2026): $0
LEGO-WT Insider Buying & Form 4 Sales
In the last 12 months, SEC Form 4 filings show 21 open-market insider purchases and 4 sales of LEGO-WT (latest: Shahrez Nadeem bought 2,585 shares on Aug 3, 2026). Full list in the insider table below.
LEGO-WT 52-Week High & Low
LEGO-WT's 52-week range is $0.31 to $0.35. At $0.34 it is 2.9% below the 52-week high and 9.7% above the 52-week low.
LEGO-WT Valuation: P/E, P/S, P/B, Margins & Cash vs Debt
Computed from Legato Merger Corp. IV's SEC XBRL filings and the latest price. A ratio is left out when its denominator is zero or negative.
| Measure | Value | How it is calculated |
|---|---|---|
| Market value | $10.63M | price $0.34 × 31.27M shares (Jul 8, 2026) |
| Cash & equivalents | $0 | May 31, 2026 |
LEGO-WT 5%+ Holders: Schedule 13D / 13G Filings
Filings by investors reporting a stake of 5% or more (13D = active, 13G = passive), newest first, from SEC EDGAR:
- SCHEDULE 13G filed May 13, 2026
- SCHEDULE 13D filed Feb 3, 2026
Latest LEGO-WT SEC 8-K & 10-Q Filings
Every SEC filing by or about LEGO-WT in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Aug 5, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Aug 4, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Monahan Gregory R bought 27,919 shares on Aug 3, 2026
- Monahan Gregory R bought 27,919 shares on Aug 3, 2026
- Monahan Gregory R bought 27,919 shares on Aug 3, 2026
- Monahan Gregory R bought 27,919 shares on Aug 3, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 4, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Nadeem Shahrez bought 2,585 shares on Aug 3, 2026
- Nadeem Shahrez bought 2,585 shares on Aug 3, 2026
- Nadeem Shahrez bought 2,585 shares on Aug 3, 2026
- Nadeem Shahrez bought 2,585 shares on Aug 3, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 4, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Jaffe Adam H bought 10,340 shares on Aug 3, 2026
- Jaffe Adam H bought 12,409 shares on Aug 3, 2026
- Jaffe Adam H bought 10,340 shares on Aug 3, 2026
- Jaffe Adam H bought 12,409 shares on Aug 3, 2026
- Jaffe Adam H bought 10,340 shares on Aug 3, 2026
- Jaffe Adam H bought 12,409 shares on Aug 3, 2026
- …plus 2 more transaction lines in the filing.
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Aug 4, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Rosenfeld Eric bought 47,566 shares on Aug 3, 2026
- Rosenfeld Eric bought 47,566 shares on Aug 3, 2026
- Rosenfeld Eric bought 47,566 shares on Aug 3, 2026
- Rosenfeld Eric bought 47,566 shares on Aug 3, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Jul 29, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Pratt Brian sold 40,000 shares on Jul 27, 2026
- Pratt Brian sold 40,000 shares on Jul 27, 2026
- Pratt Brian sold 40,000 shares on Jul 27, 2026
- Pratt Brian sold 40,000 shares on Jul 27, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Jul 8, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended May 31, 2026:
- Net income: $1.79M
Things to know before you trade LEGO-WT
- How much it moves: over the last 20 sessions the average daily move was 2.86% (largest 2.9%).
- Liquidity: about 28.17K shares (≈$9.58K) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $0.34 vs a range of $0.31–$0.35 (75% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 21 open-market buys, 4 sales; latest: Shahrez Nadeem bought 2,585 shares on Aug 3, 2026.
- Latest filings: 8-K Aug 5, 2026; 10-Q Jul 8, 2026; 10-Q Apr 14, 2026.
- Listing: NYSE · industry: Blank Checks.
LEGO-WT market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 23, 2026 | 0.34 | 0.34 | 0.34 | 0.34 | 50.00K |
| Oct 8, 2026 | 0.32 | 0.35 | 0.31 | 0.35 | 6.33K |
About Legato Merger Corp. IV
Legato Merger Corp. IV (LEGO-WT) is listed on the NYSE and classified by the SEC under “Blank Checks”. Its business address is in NEW YORK, NY. State of incorporation: Cayman Islands. Fiscal year ends August 31. SEC CIK 2087450.
LEGO-WT board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| John Ing | Director | Feb 2, 2026 |
| Adam H Jaffe | CFO | Aug 4, 2026 |
| Gregory R Monahan | CEO | Aug 4, 2026 |
| Brian Pratt | Director | Jul 29, 2026 |
| Adam Semler | Director | Jan 22, 2026 |
| David Sgro | Director | Jan 22, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Ehsan Ehsani | Chief Investment Officer | Jan 22, 2026 |
| Adam H Jaffe | CFO | Aug 4, 2026 |
| Gregory R Monahan | CEO | Aug 4, 2026 |
| Shahrez Nadeem | COO and Secretary | Aug 4, 2026 |
| Eric Rosenfeld | Chief SPAC Officer | Aug 4, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 3, 2026 | Shahrez Nadeem | Buy | 2,585 | — |
| Aug 3, 2026 | Shahrez Nadeem | Buy | 2,585 | — |
| Aug 3, 2026 | Shahrez Nadeem | Buy | 2,585 | — |
| Aug 3, 2026 | Shahrez Nadeem | Buy | 2,585 | — |
| Aug 3, 2026 | Eric Rosenfeld | Buy | 47,566 | — |
| Aug 3, 2026 | Eric Rosenfeld | Buy | 47,566 | — |
| Aug 3, 2026 | Eric Rosenfeld | Buy | 47,566 | — |
| Aug 3, 2026 | Eric Rosenfeld | Buy | 47,566 | — |
| Aug 3, 2026 | Gregory R Monahan | Buy | 27,919 | — |
| Aug 3, 2026 | Gregory R Monahan | Buy | 27,919 | — |
| Aug 3, 2026 | Gregory R Monahan | Buy | 27,919 | — |
| Aug 3, 2026 | Gregory R Monahan | Buy | 27,919 | — |
| Aug 3, 2026 | Adam H Jaffe | Buy | 10,340 | — |
| Aug 3, 2026 | Adam H Jaffe | Buy | 12,409 | — |
| Aug 3, 2026 | Adam H Jaffe | Buy | 10,340 | — |
LEGO-WT financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| No annual XBRL figures available (foreign filers often report on Form 20-F). | ||||
Latest balance sheet: total assets $234.92M, total liabilities $8.05M, cash $0 (as of May 31, 2026).
LEGO-WT earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| No 8-K earnings releases in recent filings. | ||
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Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: intraday data as of Oct 23, 2026, 2:47 PM ET. Filings: SEC EDGAR. Refreshed every 2 hours during US market hours.