Wed, Jul 2, 8:12 PM (11 days ago)
**Summary of Legato Merger Corp. III (LEGT) Q2 2025 Financial Health and Performance** **Revenue & Profit Margins:** - No revenue generated; company is in the pre-operational phase. - Net income of $2,110,094 (Q2 2025) and $4,052,647 (YTD 2025), primarily from interest income on investments held in trust account. - Operating expenses: $167,068 (Q2 2025) and $475,675 (YTD 2025). **Cash Flow:** - Cash and cash equivalents: $1,290,847 (May 31, 2025). - Net cash used in operating activities: $334,905 (YTD 2025). - No cash flow from investing activities (YTD 2025). - Net cash provided by financing activities: $0 (YTD 2025). **Earnings Changes:** - Basic and diluted net income per share: $0.08 (Q2 2025) and $0.16 (YTD 2025) for public shares. - No change in earnings per share calculation method. **Quarterly Performance Discussion:** - Company is a special purpose acquisition company (SPAC) seeking to complete a business combination. - No significant changes in financial position or performance metrics. - Uncertainties include the ability to complete a business combination within the required timeframe and the impact of market conditions on the trust account investments. **Future Operations Impact:** - Company has until February 8, 2026 (or May 8, 2026 with a letter of intent) to complete a business combination. - Failure to complete a business combination may result in liquidation and dissolution. - Management plans to address going concern considerations by completing a business combination by the mandatory liquidation date. **Key Metrics:** - Cash: $1,290,847 - Investments held in Trust Account: $214,546,179 - General and administrative expenses: $475,675 - Interest earned on Trust and Cash Accounts: $4,528,322 **Trends & Uncertainties:** - Company is subject to risks associated with early-stage and emerging growth companies. - Liquidity conditions and mandatory liquidation date raise substantial doubt about the company's ability to continue as a going concern. - Management's plans to address going concern considerations include completing a business combination by the mandatory liquidation date. **Full Company Name:** Legato Merger Corp. III **Ticker:** LEGT