Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 91

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1
Chunk 91
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 filed on February 6, 2024. 
  
    **
    Incorporated by reference to the Registrant’s Registration Statement on Form S-1 (SEC File Nos. 333-275930). 
  
    ***
    Filed Herewith. 

****Furnished Herewith

ITEM 16. FORM 10-K SUMMARY

None.

58

LEGATO MERGER CORP. III

INDEX TO FINANCIAL STATEMENTS

    Financial Statements:

    Report of Independent Registered Public Accounting Firm
     
    F-2
  
     Balance Sheets
     
    F-3
  
     Statements of Operations
     
    F-4
  
     Statements of Changes in Shareholders’ (Deficit) Equity
     
    F-5
  
     Statements of Cash Flows
     
    F-6
  
    Notes to  Financial Statements
     
    F-7

  F-1 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Shareholders and the Board of Directors of

Legato
Merger Corp III:

Opinion
on the Financial Statement

We
have audited the accompanying balance sheets of Legato Merger Corp III (the “Company”) as of November 30, 2024 and 2023,
the related statements of operations, changes in shareholders’ deficit, and cash flows for the year ended November 30, 2024 and
for the period from November 6, 2023 (inception) through November 30, 2023, and the related notes (collectively referred to as the “financial
statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the
Company as of November 30, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in conformity
with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, if the Company is unable to complete a business combination by February 8, 2026 (or until May 8,
2026 if the Company’s has executed a letter of intent, agreement in principle or definitive agreement for an initial business combination
prior to February 8, 2026), then the Company will cease all operations except for the purpose of liquidating. The date for mandatory