Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 439

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 3
Chunk 439
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200,000,000 shares authorized; 5,674,375 non- redeemable shares issued and outstanding (excluding 20,125,000 shares subject to possible redemption) and 5,118,750 shares issued and outstanding as of November 30, 2024 and November 30, 2023, respectively(1)

    568

    512

    Additional paid-in capital

    -

    24,988

    Accumulated deficit

    (5,096,613
    )

    (17,632
    )
  
    Total shareholders’ (deficit)

    (5,096,045
    )

    7,868

    Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ (Deficit) Equity
     
    $
    211,914,067

    $
    23,606

    (1)
    
    Total shares outstanding of ordinary shares, include all Founder Shares, as well as Representative Founder Shares, inclusive of the full exercise of the over-allotment option. 

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

  F-3 

LEGATO MERGER CORP. III STATEMENTS OF OPERATIONS

    For theYear EndedNovember 30,2024

    For thePeriod from November 6, 2023 (inception) throughNovember 30,2023

    Formation costs
     
    $
    -

    $
    17,632

    General and administrative costs

    670,426

    -

    Loss from operations

    (670,426
    )

    (17,632
    )

    Other income:

    Income from Investments held in Trust Account

    8,816,362

    -

    Investment income on Cash Accounts

    70,062

    -

    Net income (loss)
     
    $
    8,215,998

    $
    (17,632
    )

    Weighted average shares outstanding of ordinary shares, basic and diluted-Public Shares

    20,680,625

    -

    Basic and diluted net income per share, Public Shares
     
    $
    0.32

    $
    -

    Weighted average shares outstanding of ordinary shares, basic and diluted-Founder Shares(1)

    5,118,750

    5,118,750

    Basic and diluted net income per share, Founder Shares
     
    $