Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 381

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 381
---
 Cash flows from investing activities

    Cash withdrawn from trust account

    5,000

    -

    Cash deposited into trust account

    (201,250,000
    )

    -

    Net cash used in investing activities
     
    $
    (201,245,000
    )
     
    $
    -

    Cash flows from financing activities

    Proceeds from promissory note – related party

    146,785

    -

    Repayment from promissory note – related party

    (146,785
    )

    -

    Issuance of Ordinary Shares to Initial Shareholders’

    25,000

    -

    Issuance of representative shares

    500

    -

    Proceeds from private placement units

    5,556,250

    -

    Sale of units in initial public offering

    201,250,000

    -

    Payment of offering costs, net of reimbursement from underwriter, associated with initial public offering

    (3,116,506
    )

    -

    Net cash provided by financing activities
     
    $
    203,715,244

    $
    -

    Net change in cash

    1,625,752

    -

    Cash at beginning of period

    -

    -

    Cash at end of period
     
    $
    1,625,752

    $
    -

    Supplemental disclosure of non-cash financing activities:

    Deferred underwriting commissions
     
    $
    7,043,750

    $
    -

    Accretion of carrying value to redemption value
     
    $
    20,184,286

    $
    -

    Deferred offering costs paid by Sponsor in exchange for issuance of founder shares
     
    $
    25,000

    $
    -

    Formation costs paid by insider for the the issuance of Founder Shares

    - 
      
    $25,000 
  
    Issuance of Representative Founder Shares (Note 7)

    - 
      
    $500 
  
    Deferred offering costs included in accrued offering costs

    - 
      
    $3,238 
  
    Notes payable-related party paid for legal expenses

    - 
      
    $12,500 

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

  F-6 

LEGATO MERGER CORP. III

NOTES TO