L
Legato Merger Corp. III
Period
FY 2025
Revenue
—
Net Income
$7.90M
Total Assets
$219.81M
Equity
$-6.08M
Shares Out
25.80M
Op. Cash Flow
$-785.9K
Business
Legato Merger Corp. III is a blank-check company incorporated in the Cayman Islands to identify and effect a merger or business combination with target businesses in infrastructure, engineering & construction, industrial, and renewables sectors. The company has entered into a definitive agreement to merge with Einride AB, a Swedish company. Public shareholders have conversion and redemption rights, with trust proceeds returned if no business combination closes by the deadline.
Summary from 10-K filed 2026-02-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 |
|---|---|---|---|
| General and administrative costs | 1 | 670,426 | |
| Loss from operations | −1 | −670,426 | |
| Income from Investments held in Trust Account | 9 | 9 | |
| Investment income on Cash Accounts | 58,312 | 70,062 | |
| Net income | 8 | 8 | |
| Weighted average ordinary shares outstanding, basic and diluted-Public Shares | 21 | 21 | |
| Basic and diluted net income per share, Public Shares | 0.31 | 0.32 | |
| Weighted average ordinary shares outstanding, basic and diluted-Founder Shares | 5 | 5 | |
| Basic and diluted net income per share, Founder Shares | 0.31 | 0.32 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 | FY 2023 2023-11-30 | FY 2023 2023-10-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 839,838 | 2 | — | — | |
| Prepaid expenses | 32,422 | 226,953 | 19,868 | — | |
| Total current assets | 872,260 | 2 | 23,606 | — | |
| Investments held in Trust Account | 219 | 210 | — | — | |
| Total assets | 220 | 212 | 23,606 | — | |
| Deferred underwriting commissions | 7 | 7 | — | — | |
| Total liabilities | 7 | 7 | 15,738 | — | |
| 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 $10.87 and $10.44 per share as of November 30, 2025 and November 30, 2024, respectively | 219 | 210 | — | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of November 30, 2025 and November 30, 2024 | — | — | — | — | |
| 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) as of November 30, 2025 and November 30, 2024, respectively | 568 | 568 | 512 | — | |
| Additional paid-in capital | — | — | 24,988 | — | |
| Accumulated deficit | −6 | −5 | −17,632 | — | |
| Total shareholders deficit | −6 | −5 | 7,868 | — | |
| Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders Deficit | 220 | 212 | 23,606 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-11-30 | FY 2024 2024-11-30 |
|---|---|---|---|
| Income from Investments held in Trust Account | −9 | −9 | |
| Prepaid expense | 194,532 | −207,085 | |
| Accounts payable | — | −37,044 | |
| Net cash used in operating activities | −785,914 | −844,493 | |
| Cash withdrawn from trust account | — | 5,000 | |
| Cash deposited into trust account | — | −201 | |
| Net cash used in investing activities | — | −201 | |
| Note payable related party | — | 146,785 | |
| Payment of offering Costs | — | −121,785 | |
| Issuance of representative shares | — | 500 | |
| Proceeds from private placement units | — | 6 | |
| Sale of units in initial public offering | — | 201 | |
| Payment of offering costs, net of reimbursement from underwriter, associated with initial public offering | — | −3 | |
| Net cash provided by financing activities | — | 204 | |
| Net change in cash | −785,914 | 2 | |
| Deferred underwriting | — | 7 |
Filings
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Frequently asked questions
What is Legato Merger Corp. III's CIK number?
Legato Merger Corp. III's SEC CIK number is 0002002038 (2002038). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Legato Merger Corp. III's SEC filings?
All of Legato Merger Corp. III's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.