Every 10-Q that Legato Merger Corp. III (LEGT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LEGT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LEGT filings page.
Legato Merger Corp. III reported a small profit while remaining a pre-revenue SPAC focused on completing its first business combination. For the quarter ended February 28, 2026, net income was $1.6 million, driven almost entirely by $1.96 million of interest on the $220.9 million held in its Trust Account, partially offset by $356,910 of general and administrative costs.
Total assets were $221.4 million, including cash of $519,303 outside the Trust Account for working capital. The company has 20,125,000 public shares classified as redeemable at approximately $10.98 per share and an accumulated deficit of $6.43 million, resulting in shareholders’ deficit.
Management states there is substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination by May 8, 2026 or liquidate and return Trust Account funds to public shareholders. No working capital loans are outstanding, and no business combination has been completed yet.
Legato Merger Corp. III (LEGT) is a blank‑check company that completed an initial public offering of 20,125,000 Units (including the full over‑allotment) at $10.00 per Unit, generating gross proceeds of $201,250,000. Of that amount, $201,250,000 (and related trust balances noted at about $201.7M) was placed in a trust account invested in short‑term U.S. government securities or money market funds pending an initial Business Combination.
The filing shows 25,799,375 ordinary shares issued and outstanding (including Founder and Representative Founder Shares) and discloses 20,125,000 Public Shares subject to possible redemption. The company holds $1,078,756 in cash outside the Trust Account for working capital and reported working capital loans that were subsequently settled. There is no assurance a Business Combination will be completed; if none occurs within the Combination Period, public shareholders may redeem 100% of Public Shares for their pro rata Trust Account value (initially $10.00 per share).