Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 441

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 3
Chunk 441
---
 initial shareholders

    5,031,250

    503

    24,497

    -

    25,000

    Issuance of Representative Founder Shares

    87,500

    9

    491

    -

    500

    Net loss

    -

    -

    -

    (17,632
    )

    (17,632
    )

    Balance at November 30, 2023

    5,118,750

    $
    512

    $
    24,988

    $
    (17,632
    )
     
    $
    7,868

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

  F-5 

LEGATO MERGER CORP. III STATEMENTS OF CASH FLOWS

    For theYear EndedNovember 30,2024

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

    Cash flows from operating activities

    Net income (loss)
     
    $
    8,215,998

    $
    (17,632
    )
  
    Adjustments to reconcile net income to net cash used in operating activities:

    Income from Investments held in Trust Account

    (8,816,362
    )

    -

    Changes in operating assets and liabilities:

    Prepaid expense

    (207,085
    )

    17,632

    Accounts payable

    (37,044
    )

    -

    Net cash used in operating activities
     
    $
    (844,493
    )
     
    $
    -

    Cash flows from investing activities

    Cash withdrawn from trust account

    5,000

    -

    Cash deposited into trust account

    (201,250,000
    )

    -

    Net cash used in investing activities
     
    $
    (201,245,000
    )
     
    $
    -

    Cash flows from financing activities

    Proceeds from promissory note – related party

    146,785

    -

    Repayment from promissory note – related party

    (146,785
    )

    -

    Issuance of Ordinary Shares to Initial Shareholders’

    25,000

    -

    Issuance of representative shares

    500

    -

    Proceeds from private placement units

    5