Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 560

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 5
Chunk 560
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    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 possible redemption, $0.0001 par value; 200,000,000 shares authorized; 20,125,000 and 0 shares at redemption value at $10.44 and $0 per share as of November 30, 2024 and November 30, 2023, respectively

    209,966,362

    -

    Shareholders’ (deficit)

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of November 30, 2024 and November 30, 2023

    -

    -

    Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 5,674,375 non- redeemable shares issued and outstanding (excluding 20,125,000 shares subject to possible redemption) and 5,118,750 shares issued and outstanding as of November 30, 2024 and November 30, 2023, respectively(1)

    568

    512

    Additional paid