Company: LEGT
Filing Date: 2025-07-02
Form Type: 10-Q
Source: 0001829126-25-004857
Chunk: 1

Company: Legato Merger Corp. III
Filing Date: 2025-07-02
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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    )

    (5,096,045
    )
  
    Total Liabilities, Ordinary Shares Subject to Redemption, and Shareholders’ Deficit 
     
    $
    215,966,714

    $
    211,914,067

    (1)
    
     Total shares outstanding of ordinary 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.

1

LEGATO MERGER CORP. III UNAUDITED CONDENSED STATEMENTS OF OPERATIONS

    For the Three Months Ended May 31, 2025

    For the Three Months Ended May 31, 2024

    For the Six Months Ended May 31, 2025

    For the Six Months Ended May 31, 2024

    General and administrative costs
     
    $
    167,068

    $
    185,916

    $
    475,675

    $
    221,159

    Loss from operations

    (167,068
    )

    (185,916
    )

    (475,675
    )

    (221,159
    )

    Other income:

    Income from Investments held in Trust Account

    2,244,880

    2,848,581

    4,484,817

    3,413,330

    Investment income on Cash Accounts

    32,282

    19,563

    43,505

    20,164

    Net income
     
    $
    2,110,094

    $
    2,682,228

    $
    4,052,647

    $
    3,212,335

    Weighted average shares outstanding of ordinary shares, basic and diluted-Public Shares(1)

    20,680,625

    20,680,625

    20,680,625

    20,680,625

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

    $
    0.10

    $
    0.16

    $
    0.12

    Weighted average shares outstanding of ordinary shares, basic and diluted-Founder Shares(2)

    5,118,750