Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 93

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 93
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,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-in capital

    -

    24,988

    Accumulated deficit

    (5,096,613
    )

    (17,632
    )
  
    Total shareholders’ (deficit)

    (5,096,045
    )

    7,868

    Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders’ (Deficit) Equity
     
    $
    211,914,067