Legato Merger Corp. III Files 2024 10-K
Ticker: LEGT-WT · Form: 10-K · Filed: Feb 19, 2025 · CIK: 2002038
| Field | Detail |
|---|---|
| Company | Legato Merger Corp. III (LEGT-WT) |
| Form Type | 10-K |
| Filed Date | Feb 19, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, 10-k, financials
TL;DR
Legato Merger Corp. III filed its 2024 10-K. Financials look standard for a SPAC. No merger news yet.
AI Summary
Legato Merger Corp. III filed its 10-K for the fiscal year ending November 30, 2024. The company, a blank check company, reported its financial position and business activities. Key financial components include common stock, additional paid-in capital, and retained earnings as of November 30, 2023, and November 5, 2023.
Why It Matters
This filing provides investors with a comprehensive overview of Legato Merger Corp. III's financial health and operational status for the past fiscal year, crucial for understanding its potential for future business combinations.
Risk Assessment
Risk Level: medium — As a SPAC, Legato Merger Corp. III's primary risk is its ability to identify and complete a successful business combination within its specified timeframe.
Key Numbers
- 1130 — Fiscal Year End (Indicates the end of the reporting period for financial statements.)
- 0002002038 — Central Index Key (CIK) (Unique identifier for the company in SEC filings.)
Key Players & Entities
- Legato Merger Corp. III (company) — Filer of the 10-K
- November 30, 2024 (date) — Fiscal year end
- November 30, 2023 (date) — Reporting period end
- November 5, 2023 (date) — Prior reporting period date
FAQ
What is the primary business of Legato Merger Corp. III?
Legato Merger Corp. III is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
What is the exercise price for the redeemable warrants?
The redeemable warrants are exercisable for ordinary shares at an exercise price of $11.50 per share.
When was the company incorporated?
The company's state of incorporation is E9, and its fiscal year ends on November 30.
What are the main components of the company's equity as reported?
The filing mentions Common Stock, Additional Paid In Capital, and Retained Earnings as key equity components for the periods ending November 30, 2023, and November 5, 2023.
What is the filing date of this 10-K?
This 10-K filing was made on February 19, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 19, 2025 regarding Legato Merger Corp. III (LEGT-WT).