Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 523

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 4
Chunk 523
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 and 2023, and indicate the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

November 30, 2024

    Schedule of company’s assets that are measured at fair value on a recurring basis

    Description
     
    Quoted Prices inActive Markets(Level 1)

    Significant OtherObservable Inputs(Level 2)

    Significant OtherUnobservable Inputs(Level 3)

    Assets:

    Investments held in Trust Account – Money Market Fund
     
    $
    210,061,362

    $
    -

    $
    -

      F-18 

November 30, 2023

    Description
     
    Quoted Prices inActive Markets(Level 1)

    Significant OtherObservable Inputs(Level 2)

    Significant OtherUnobservable Inputs(Level 3)

    Assets:

    Investments held in Trust Account – Money Market Fund
     
    $
    -

    $
    -

    $
    -

Level 1 assets include investments comprised solely of U.S. government securities. The Company uses inputs such as actual trade data, quoted market prices from dealers or brokers, and other similar sources to determine the fair value of its investments.

Transfers to/from Levels 1, 2, and 3 are recognized at the beginning of the reporting period. There were no transfers to/from Levels 1, 2, and 3 during the years ended November 30, 2024 and 2023.

Note 9 — Public Warrant Measurements

The public warrants were valued using a Black-Scholes model. The public warrants have been classified within shareholders’ deficit (equity) and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:

    Schedule of market assumptions used in the valuation of the public warrants

    February 8, 2024

    Market price of public stock
     
    $
    9.935

    Term (years)

    3.25

    Risk-free rate

    4.198
    %
  
    Volatility

    2.22
    %

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the  balance sheet date and up to the date the   financial statements were issued. The Company did not identify any subsequent events that would have required adjustment or disclosure in the  financial statements.

  F-19 

SIGNATURES

Pursuant