Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 499

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 4
Chunk 499
---
a reasonable basis for our opinion.

We
have served as the Company’s auditor since 2023.

    /s/ WithumSmith+Brown, PC

    New York, New York

    February 19, 2025

    PCAOB Number 100

  F-2 

LEGATO MERGER CORP. III

 BALANCE SHEETS

    November 30,2024

    November 30,2023

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    1,625,752

    $
    -

    Prepaid expenses

    226,953

    19,868

    Deferred offering costs

    -

    3,738

    Total current assets

    1,852,705

    23,606

    Investments held in Trust Account

    210,061,362

    -

    Total assets
     
    $
    211,914,067

    $
    23,606

    LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY

    Current liabilities:

    Accounts payable and accrued expenses
     
    $
    -

    $
    3,238

    Notes payable to shareholder

    -

    12,500

    Total current liabilities

    -

    15,738

    Deferred underwriting commissions

    7,043,750

    -

    Total liabilities

    7,043,750

    15,738

    Commitments and Contingencies

    Ordinary shares subject to possible redemption, $0.0001 par value; 200,000,000 shares authorized; 20,125,000 and 0 shares at redemption value at $10.44 and $0 per share as of November 30, 2024 and November 30, 2023, respectively

    209,966,362

    -

    Shareholders’ (deficit)

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of November 30, 2024 and November 30, 2023

    -

    -

    Ordinary shares, $0.0001 par value; 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,