Company: LEGT
Filing Date: 2025-10-07
Form Type: 10-Q
Source: 0001829126-25-007942
Chunk: 2

Company: Legato Merger Corp. III
Filing Date: 2025-10-07
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
,750

    5,118,750

    Basic and diluted net income per share, Founder Shares
     
    $
    0.08

    $
    0.10

    $
    0.23

    $
    0.22

    (1)
    
     Weighted average shares outstanding of ordinary shares, basic and diluted-Founder Shares include all Founder Shares, as well as Representative Founder Shares, inclusive of the full exercise of the over-allotment option. 

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

2

LEGATO MERGER CORP. III

 CONDENSED STATEMENTS OF

CHANGES IN SHAREHOLDERS’ (DEFICIT) EQUITY (UNAUDITED)

For the Three and Nine Months Ended August 31, 2025

    Ordinary Shares

    AdditionalPaid-In

    Accumulated

    Shareholders’

    Shares

    Amount

    Capital

    Deficit

    Deficit

    Balance at November 30, 2024

    5,674,375

    $
    568

    $
    -

    $
    (5,096,613
    )
     
    $
    (5,096,045
    )

    Ordinary shares - accretion redemption value

    -

    -

    -

    (2,239,938
    )

    (2,239,938
    )

    Net income

    -

    -

    -

    1,942,553

    1,942,553

    Balance at February 28, 2025 (unaudited)

    5,674,375

    568

    -

    (5,393,998
    )

    (5,393,430
    )

    Ordinary shares - accretion redemption value

    -

    -

    -

    (2,244,880
    )

    (2,244,880
    )

    Net income

    -

    -

    -

    2,110,094

    2,110,094

    Balance at May 31, 2025 (unaudited)

    5,674,375

    568

    -

    (5,528,784
    )

    (5,528,216
    )

    Ordinary shares - accretion redemption value

    -

    -

    -

    (2,260,109
    )