Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 487

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 4
Chunk 487
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 disclosed to shareholders, to the extent then known, in the proxy solicitation materials furnished to our shareholders. However, the amount of such compensation may not be known at the time of the general meeting held to consider an initial business combination, as it will be up to the directors of the post-combination business to determine executive and director compensation. In this event, such compensation will be publicly disclosed at the time of its determination in a Current Report on Form 8-K or a periodic report, as required by the SEC.

Since our formation, we have not granted any stock options or stock appreciation rights or any other awards under long-term incentive plans to any of our executive officers or directors.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS

The following table sets forth information regarding the beneficial ownership of our Ordinary Shares as of the date of this Annual Report by:

    ●
    each person known by us to be the beneficial owner of more than 5% of our outstanding Ordinary Shares; 

    ●
    each of our officers and directors; and 

    ●
    all of our officers and directors as a group. 

Unless otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all shares beneficially owned by them. The following table does not reflect record of beneficial ownership of the Warrants included in the units offered in the IPO or the Private Placement Units as these Warrants are not convertible within 60 days of the date hereof.

    Name and address of beneficial owner(1)
     
    Amount andnature ofbeneficialownership

    Approximatepercentage ofoutstandingOrdinary Shares

    Eric S. Rosenfeld

    1,854,275

    7.2
    % 
  
    Eric S Rosenfeld 2017 Trust No. 1

    357,394

    1.4
    % 
  
    Gregory Monahan

    840,044

    3.3
    % 
  
    David D. Sgro

    25,000

    *
    %  
  
    Adam Jaffe(2)(3)

    631,569

    2.4
    % 
  
    Adam Semler(4)

    30,000

    *
    %  
  
    Brian Pratt

    1,200,000

    4.7
    % 
  
    John Ing(5)

    150,