Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 619

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 6
Chunk 619
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statement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit,
we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion
on the effectiveness of the entity’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
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