Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 378

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 2
Chunk 378
---
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

    $
    23,606

    (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  financial statements.

  F-3 

LEGATO MERGER CORP. III STATEMENTS OF OPERATIONS

    For theYear EndedNovember 30,2024

    For thePeriod from November 6, 2023 (inception) throughNovember 30,2023

    Formation costs
     
    $
    -

    $
    17,632

    General and administrative costs

    670,426

    -

    Loss from operations

    (670,426
    )

    (17,632
    )

    Other income:

    Income from Investments held