Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 0

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 0
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We are a blank check company incorporated in the Cayman Islands on November 6, 2023, as an exempted company, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more target businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region although we are currently focusing on target businesses in the infrastructure, E&C, industrial and renewables industries.

On February 8, 2024, we consummated our initial public offering (“IPO”) of 20,125,000 units, including 2,625,000 units subject to the underwriters’ over-allotment option. Each unit consists of one ordinary share, $.0001 par value (“Ordinary Share”), and one-half of one redeemable warrant (“Warrant”), with each warrant entitling the holder to purchase one Ordinary Share for $11.50. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $201,250,000.

Simultaneously with the consummation of the IPO, we consummated the private placement (“Private Placement”) of an aggregate of 555,625 units (“Private Placement Units”) at a price of $10.00 per Private Placement Unit, generating total proceeds of $5,556,250. The Private Placement Units were purchased by our initial shareholders and the underwriters in the IPO. The Private Placement Units are identical to the units sold in the IPO.

We are seeking to capitalize on the experience of our management team in consummating an initial business combination. Eric S. Rosenfeld, our Chief SPAC Officer, and David D. Sgro, our Vice Chairman of the Board, have led eight prior public blank check companies: (i) Arpeggio Acquisition Corporation, which raised $40.8 million in June 2004 and consummated a business combination with Hill International, Inc. in June 2006, (ii) Rhapsody Acquisition Corp., which raised $41.4 million in October 2006 and consummated a business combination with Primoris Corporation in July 2008, (iii) Trio Merger Corp., which raised $69 million in June 2011 and consummated a business combination with SAExploration Holdings Inc. in June 2013, (iv) Quartet Merger Corp., which raised $96.6 million