Company: LEGT
Filing Date: 2025-04-11
Form Type: 10-Q
Source: 0001829126-25-002582
Chunk: 1

Company: Legato Merger Corp. III
Filing Date: 2025-04-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
096,045
    )
  
    Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ Deficit 
     
    $
    213,856,620

    $
    211,914,067

    (1)
    
     Total shares outstanding of ordinary shares, include all Founder Shares, as well as Representative Founder Shares, inclusive of the full exercise of the over-allotment option. 

The accompanying notes are an integral part of these unaudited condensed financial statements.

1

LEGATO MERGER CORP. III UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

    For theThree Months EndedFebruary 28,2025

    For theThree Months EndedFebruary 29,2024

    General and administrative costs
     
    $
    308,607

    $
    35,242

    Loss from operations

    (308,607
    )

    (35,242
    )

    Other income:

    Income from Investments held in Trust Account

    2,239,937

    564,749

    Investment income on Cash Accounts

    11,223

    601

    Miscellaneous income

    -

    87

    Reimbursement from underwriter

    -

    1,509,375

    Net income
     
    $
    1,942,553

    $
    2,039,570

    Weighted average shares outstanding of ordinary shares, basic and diluted-Public Shares

    20,680,625

    20,680,625

    Basic and diluted net income per share, Public Shares
     
    $
    0.08

    $
    0.08

    Weighted average shares outstanding of ordinary shares, basic and diluted-Founder Shares(1)

    5,118,750

    5,118,750

    Basic and diluted net income per share, Founder Shares
     
    $
    0.08

    $
    0.08

    (1)
    
     Weighted average shares outstanding of ordinary shares, basic and diluted-Founder Shares include all Founder Shares, as well as Representative Founder Shares, inclusive of the full exercise of the over-allotment option. 

The accompanying notes are an integral part of these unaudited condensed financial statements.

2

LEGATO MERGER CORP. III

 UNAUDITED CONDENSED STATEMENTS OF

CHANGES IN SHAREHOLD