Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 562

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 5
Chunk 562
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LEGATO MERGER CORP. III

 STATEMENTS OF

CHANGES IN SHAREHOLDERS’ (DEFICIT) EQUITY

For the Year Ended November 30, 2024

    Ordinary Shares

    AdditionalPaid-In

    Accumulated

    Shareholders’(Deficit)

    Shares

    Amount

    Capital

    Deficit

    Equity

    Balance at November 30, 2023

    5,118,750

    $
    512

    $
    24,988

    $
    (17,632
    )
     
    $
    7,868

    Sale of private placement units

    555,625

    56

    5,556,194

    -

    5,556,250

    Initial classification of warrants included in the units sold in the Initial Public Offering

    -

    -

    1,308,125

    -

    1,308,125

    Ordinary shares - accretion to possible redemption value

    -

    -

    (6,889,307
    )

    (13,294,979
    )

    (20,184,286
    )

    Net income

    -

    -

    -

    8,215,998

    8,215,998

    Balance at November 30, 2024

    5,674,375

    $
    568

    $
    -

    $
    (5,096,613
    )
     
    $
    (5,096,045
    )

For the Period from November 6, 2023 (inception) through November 30, 2023

    Ordinary Shares

    AdditionalPaid-In

    Accumulated

    Shareholders’(Deficit)

    Shares

    Amount

    Capital

    Deficit

    Equity

    Balance at November 6, 2023 (inception)

    -

    $
    -

    $
    -

    $
    -

    $
    -

    Ordinary shares issued to initial shareholders

    5,031,250

    503

    24,497

    -

    25,000

    Issuance of Representative Founder Shares

    87,500

    9

    491

    -

    500

    Net loss

    -

    -

    -

    (17,632
    )

    (17,