Karpus Reports 2,139,308 Shares (8.29%) in LEGT

Accepted by SEC EDGAR 04/07/2026 - 04:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Karpus Management, Inc. reports beneficial ownership of 2,139,308 shares of Legato Merger Corp. III Common stock, representing 8.29% of the class as disclosed in an amended Schedule 13G/A. The filing lists sole voting and dispositive power over these shares and is signed by the Chief Compliance Officer.

Key Figures

Shares beneficially owned: 2,139,308 shares Percent of class: 8.29% Sole voting power: 2,139,308 shares +3 more

6 metrics

Shares beneficially owned 2,139,308 shares Common stock

Percent of class 8.29% Percent of Common class

Sole voting power 2,139,308 shares Sole power to vote the shares

Sole dispositive power 2,139,308 shares Sole power to dispose of the shares

CUSIP G5451A103 Legato Merger Corp. III Common

Filing signature date 04/07/2026 Signature by Chief Compliance Officer

Key Terms

Beneficially owned, Sole dispositive power, Schedule 13G/A, Investment Advisers Act of 1940 Section 203

4 terms

Beneficially owned regulatory

"Amount beneficially owned: 2,139,308.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2,139,308.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"This statement is being filed by Karpus Management, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Investment Advisers Act of 1940 Section 203 regulatory

"Karpus is a registered investment adviser under Section 203"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Karpus Management hold in LEGT?

Karpus Management holds 2,139,308 shares, or 8.29% of Legato Merger Corp. III Common. The filing states sole voting and dispositive power over these shares, as reported on the Schedule 13G/A amendment.

When was the LEGT ownership disclosed by Karpus Management?

The Schedule 13G/A amendment is dated with a signature on 04/07/2026 and references 03/31/2026 in the heading. The document is signed by Jodi L. Hedberg, Chief Compliance Officer for Karpus.

Who is the reporting person for the LEGT 13G/A filing?

The filing is by Karpus Management, Inc. (d/b/a Karpus Investment Management), a New York corporation and registered investment adviser; it states Karpus manages the accounts that own the disclosed shares.

Does the filing identify voting or dispositive power over the LEGT shares?

Yes. The Schedule 13G/A shows sole voting power of 2,139,308 shares and sole dispositive power of 2,139,308 shares, with no shared powers reported.

What CUSIP and class are reported for these LEGT holdings?

The filing lists the class as Common with CUSIP G5451A103. Those identifiers are included on the Schedule 13G/A cover information in the disclosed excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Legato Merger Corp. III

(Name of Issuer)

Common

(Title of Class of Securities)

G5451A103

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G5451A103

1

Names of Reporting Persons

KARPUS MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,139,308.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,139,308.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,139,308.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.29 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Legato Merger Corp. III
(b)	Address of issuer's principal executive offices: 777 Third Ave 37th Floor, New York, NY 10017
Item 2.
(a)	Name of person filing: This statement is being filed by Karpus Management, Inc., d/b/a Karpus Investment Management ("Karpus" or the "Reporting Person"). Karpus is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. Karpus is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between Karpus and CLIG such that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between Karpus and CLIG. The Shares to which this Schedule 13G relates are owned directly by the accounts managed by Karpus.
(b)	Address or principal business office or, if none, residence: 183 Sully's Trail, Pittsford, New York 14534.
(c)	Citizenship: The members of the Karpus Management Committee are US citizens. Karpus is a New York corporation.
(d)	Title of class of securities: Common
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,139,308.00
(b)	Percent of class: 8.29 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,139,308.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 2,139,308.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

KARPUS MANAGEMENT, INC.

Signature:	/s/ Jodi L. Hedberg
Name/Title:	Jodi L. Hedberg / Chief Compliance Officer
Date:	04/07/2026