Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 116

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 116
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 2023

    Description
     
    Quoted Prices inActive Markets(Level 1)

    Significant OtherObservable Inputs(Level 2)

    Significant OtherUnobservable Inputs(Level 3)

    Assets:

    Investments held in Trust Account – Money Market Fund
     
    $
    -

    $
    -

    $
    -

Level 1 assets include investments comprised solely of U.S. government securities. The Company uses inputs such as actual trade data, quoted market prices from dealers or brokers, and other similar sources to determine the fair value of its investments.

Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. There were no transfers to/from Levels 1, 2, and 3 during the years ended November 30, 2024 and 2023.

Note 9 — Public Warrant Measurements

The public warrants were valued using a Black-Scholes model. The public warrants have been classified within shareholders’ deficit (equity) and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:

    Schedule of market assumptions used in the valuation of the public warrants

    February 8, 2024

    Market price of public stock
     
    $
    9.935

    Term (years)

    3.25

    Risk-free rate

    4.198
    %
  
    Volatility

    2.22
    %

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the  balance sheet date and up to the date the   financial statements were issued. The Company did not identify any subsequent events that would have required adjustment or disclosure in the  financial statements.

  F-19 

SIGNATURES

Pursuant to the requirements
of the Section 13 or 15 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized on the 19th day of February, 2025.

    LEGATO MERGER CORP. III 

    By:
    /s/ Gregory Monahan 

    Gregory Monahan 

    Chief Executive Officer 

In accordance with the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates