Company: LEGT
Filing Date: 2025-10-07
Form Type: 10-Q
Source: 0001829126-25-007942
Chunk: 0

Company: Legato Merger Corp. III
Filing Date: 2025-10-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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LEGATO MERGER CORP. III

 CONDENSED BALANCE SHEETS

    August 31,2025

    November 30,2024

    (unaudited)

    ASSETS

    Current assets:

    Cash
     
    $
    1,078,756

    $
    1,625,752

    Prepaid expenses

    81,055

    226,953

    Total current assets

    1,159,811

    1,852,705

    Investments held in Trust Account

    216,806,288

    210,061,362

    Total assets
     
    $
    217,966,099

    $
    211,914,067

    LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT

    Deferred underwriting commissions
     
    $
    7,043,750

    $
    7,043,750

    Total liabilities

    7,043,750

    7,043,750

    Commitments and contingencies

    Ordinary shares subject to possible redemption, $0.0001 par value; 200,000,000 shares authorized; 20,125,000 shares at redemption value at $10.77 and $10.44 per share as of August 31, 2025 and November 30, 2024, respectively

    216,711,289

    209,966,362

    Shareholders’ deficit

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of August 31, 2025 and November 30, 2024

    -

    -

    Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 5,674,375 founders shares (excluding 20,125,000 shares subject to possible redemption) issued and outstanding as of August 31, 2025 and November 30, 2024(1)

    568

    568

    Additional paid-in capital

    -

    -

    Accumulated deficit

    (5,789,508
    )

    (5,096,613
    )
  
    Total shareholders’ deficit

    (5,788,940
    )

    (5,096,045