secwatch.observer — SEC 8-K summary
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Issuer:     Legato Merger Corp. III (LEGT)
CIK:        0002002038
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001829126-24-000938
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legato Merger Corp. III closes IPO of 20.125M units at $10/unit, gross proceeds $201.25M
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- IPO of 20,125,000 units (incl. 2.625M over-allotment) at $10.00 each, plus 555,625 private placement units at $10.00.
- Gross proceeds $201.25M from IPO and $5.56M from private placement; $201.25M placed in trust account.
- Each unit consists of one ordinary share and one-half warrant exercisable at $11.50 per share.
- Company has 24 months (or 27 with LOI) to complete initial business combination; focus on infrastructure, engineering, industrial, renewables.
- Audited balance sheet as of Feb 8, 2024 shows $203.72M total assets, $7.08M liabilities, and $4.61M accumulated deficit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2002038/000182912624000938/0001829126-24-000938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2002038/000182912624000938/legatomerger3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-24-000938

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