L
Legato Merger Corp. III
LEGTCIK 0002002038NYSEEmerging GrowthBlank ChecksE9FY ends Nov 30
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 acquisition company formed to identify and effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more target businesses. It offers the services of pursuing and structuring business combinations, providing a public listing alternative for private companies and coordinating related sponsor, due diligence and transaction processes. The company operates through its management-led acquisition vehicle, trust account funding and sponsor/advisory arrangements. It targets opportunities broadly but is currently focused on infrastructure, engineering & construction, industrial and renewables sectors and expects to access public equity markets to complete transactions.
Summary from filing dated 2025-02-19
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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