Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 401

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 401
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    upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and 

    -
    if, and only if, the last reported sale price of the ordinary shares equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30-trading day period commencing once the Warrants become exercisable and ending three business days before the Company sends the notice of redemption to the warrant holders. 

The Company will not redeem the Warrants as described above unless an effective registration statement under the Securities Act covering the ordinary shares issuable upon exercise of the Warrants is effective and a current prospectus relating to those shares is available throughout the 30-day redemption period or the Company has elected to require the exercise of the warrants on a “cashless basis”.

Note 8 — Fair Value Measurements

The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of November 30, 2024 and 2023, and indicate the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

November 30, 2024

    Schedule of company’s assets that are measured at fair value on a recurring basis

    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
     
    $
    210,061,362

    $
    -

    $
    -

      F-18 

November 30, 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