Company: LEGT
Filing Date: 2025-10-07
Form Type: 10-Q
Source: 0001829126-25-007942
Chunk: 3

Company: Legato Merger Corp. III
Filing Date: 2025-10-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 redemption value

    -

    -

    -

    (2,842,357
    )

    (2,842,357
    )

    Net income

    -

    -

    -

    2,573,492

    2,573,492

    Balance at August 31, 2024 (unaudited)

    5,674,375

    $
    568

    $
    -

    $
    (4,966,109
    )
     
    $
    (4,965,541
    )

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

3

LEGATO MERGER CORP. III CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED)

        For the Nine Months Ended August 31, 2025

        For the
        Nine Months Ended August 31, 2024

    Cash flows from operating activities

    Net income
     
    $
    6,052,032

    $
    5,785,828

    Adjustments to reconcile net income to net cash used in operating activities:

    Income from investments held in Trust Account

    (6,744,927
    )

    (6,255,687
    )
  
    Changes in operating assets and liabilities:

    Prepaid expenses

    145,899

    (257,205
    )
  
    Net cash used in operating activities

    (546,996
    )

    (727,064
    )

    Cash flows from investing activities

    Cash deposited into trust account

    -

    (201,250,000
    )
  
    Net cash used in investing activities

    -

    (201,250,000
    )

    Cash flows from financing activities

    Note payable – related party

    -

    146,785

    Payment of offering Costs

    -

    (121,785
    )
  
    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

    (