Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 373

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 373
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 another independent entity that commonly renders valuation opinions, that the business combination is fair to our unaffiliated shareholders from a financial point of view. We will also need to obtain approval of a majority of our disinterested independent directors.

Director Independence

Currently, Brian Pratt, David Sgro, Adam Semler and John Ing would each be considered an “independent director” under the NYSE American listing rules, which is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship, which, in the opinion of the company’s board of directors would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our independent directors will have regularly scheduled meetings at which only independent directors are present.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES.

The following is a summary of fees paid or to be paid to WithumSmith+Brown, PC for services rendered.

Audit
Fees

During
the fiscal years ended November 30, 2024 and for the period from November 6, 2023 (inception) through November 30, 2023, audit fees paid to WithumSmith+Brown, PC were $94,640 and $56,680, respectively.

Audit-Related
Fees

During the fiscal years Audit-related services consist of fees billed for assurance and related services that are reasonably related to performance of the audit
or review of our financial statements and are not reported under “Audit Fees.” These services include attest services that are not required
by statute or regulation and consultations concerning financial accounting and reporting standards. We did not pay Withum any audit-related
fees during the period from November 6, 2023 (inception) through November 30, 2023 or for the year ended November 30, 2024, we did not pay any audit-related fees.

Tax Fees

During the fiscal years ended November 30, 2024 and for the period from November 6, 2023 (inception) through November 30, 2023, fees for tax services paid to WithumSmith+Brown, PC were $4,160, and $0 respectively.

Pre-Approval Policy

Our audit committee was formed in connection with the consummation of our IPO. As a result, the audit committee did not pre-approve all of the foregoing services, although any services rendered prior to the formation of our audit committee were approved by our board of directors.