Legato Merger Corp. III Files Q1 2025 10-Q
Ticker: LEGT-WT · Form: 10-Q · Filed: Apr 11, 2025 · CIK: 2002038
| Field | Detail |
|---|---|
| Company | Legato Merger Corp. III (LEGT-WT) |
| Form Type | 10-Q |
| Filed Date | Apr 11, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, 10-q, financials
TL;DR
Legato Merger Corp. III filed its 10-Q for Feb 28, 2025. SPAC stuff, no merger news yet.
AI Summary
Legato Merger Corp. III filed its 10-Q for the period ending February 28, 2025. The company, a blank check company, reported its financial status and disclosed details about its units, ordinary shares, and redeemable warrants. No specific business operations or merger targets were detailed in this filing.
Why It Matters
This filing provides a snapshot of Legato Merger Corp. III's financial position as a SPAC, which is crucial for investors tracking its progress towards a potential business combination.
Risk Assessment
Risk Level: medium — As a SPAC, Legato Merger Corp. III faces inherent risks related to its ability to identify and complete a business combination within its specified timeframe.
Key Numbers
- 2025-02-28 — Reporting Period End Date (Indicates the financial period covered by the 10-Q.)
- 2024-11-30 — Fiscal Year End (Defines the company's fiscal year.)
- 11.50 — Warrant Exercise Price (The price at which redeemable warrants can be exercised.)
Key Players & Entities
- Legato Merger Corp. III (company) — Filer of the 10-Q
- 0001829126-25-002582 (filing_id) — Accession Number for the filing
- 20250228 (date) — End of the reporting period
- 777 THIRD AVENUE, 37TH FLOOR (address) — Business and mailing address
- NEW YORK, NY 10017 (address) — Business and mailing address
- 11.50 (dollar_amount) — Exercise price for redeemable warrants
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.
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the three months ended February 28, 2025.
What are the components of Legato Merger Corp. III's units?
Each unit consists of one ordinary share and one-half of one redeemable warrant.
What is the exercise price of the redeemable warrants?
The redeemable warrants are exercisable for ordinary shares at an exercise price of $11.50 per share.
When was Legato Merger Corp. III incorporated?
Legato Merger Corp. III was incorporated in Delaware, as indicated by the state of incorporation being 'E9'.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 11, 2025 regarding Legato Merger Corp. III (LEGT-WT).