Company: LEGT
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001829126-25-001098
Chunk: 438

Company: Legato Merger Corp. III
Filing Date: 2025-02-19
Form: 10-K
Item: Item 3
Chunk 438
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 financial statement. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.

We
have served as the Company’s auditor since 2023.

    /s/ WithumSmith+Brown, PC

    New York, New York

    February 19, 2025

    PCAOB Number 100

  F-2 

LEGATO MERGER CORP. III

 BALANCE SHEETS

    November 30,2024

    November 30,2023

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    1,625,752

    $
    -

    Prepaid expenses

    226,953

    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;