LEGOLOW SIGNALREGULATORY10-Q
Legato Merger Corp.'s 10-Q filing shows routine quarterly reporting progression from November 2025 to February 2026 period, with the SPAC maintaining pre-operational status throughout both reporting periods.
The filing reflects standard SPAC reporting mechanics as the entity progresses through its initial quarters post-IPO while seeking merger targets. For SPAC investors, the consistent pre-operational language indicates the company remains within typical timelines for identifying and executing a business combination, with no apparent delays or complications in the acquisition process.
Comparing 2026-04-14 vs 2026-02-26View on EDGAR →
LANGUAGE CHANGES
NEW — 2026-04-14
PRIOR — 2026-02-26
ADDED
Condensed Interim Financial Statements 1 Condensed Balance Sheet as of February 28, 2026 (unaudited) 1 Condensed Statements of Operations for the three and six months ended February 28, 2026 (unaudited) 2 Condensed Statements of Changes in Shareholders Deficit for the three and six months ended February 28, 2026 (unaudited) 3 Condensed Statement of Cash Flows for the six months ended February 28, 2026 (unaudited) 4 Notes to Condensed Financial Statements (unaudited) 5 Item 2.
IV NOTES TO CONDENSED FINANCIAL STATEMENTS FEBRUARY 28, 2026 (Unaudited) Note 1 Organization and Plan of Business Operations Legato Merger Corp.
At February 28, 2026, the Company had not yet commenced any operations.
All activity from September 1, 2025 (inception) through February 28, 2026 relates to the Company s formation and the initial public offering described below.
dollars, in accordance with accounting principles generally accepted in the United States of America ( U.S.
REMOVED
Condensed Interim Financial Statements 1 Condensed Balance Sheet as of November 30, 2025 (unaudited) 1 Condensed Statement of Operations for the period from September 1, 2025 (inception) through November 30, 2025 (unaudited) 2 Condensed Statement of Changes in Shareholders Deficit for the period from September 1, 2025 (inception) through November 30, 2025 (unaudited) 3 Condensed Statement of Cash Flows for the period from September 1, 2025 (inception) through November 30, 2025 (unaudited) 4 Notes to Condensed Financial Statements (unaudited) 5 Item 2.
IV UNAUDITED CONDENSED STATEMENT OF OPERATIONS FOR THE PERIOD FROM SEPTEMBER 1, 2025 (INCEPTION) THROUGH NOVEMBER 30, 2025 Interest income earned on cash account $ 85 General and administrative costs ( 33,841 ) Net loss $ ( 33,756 ) Weighted average shares outstanding, basic and diluted (1) 6,716,667 Basic and diluted net loss per common share $ ( 0.01 ) (1) Excludes an aggregate of 1,000,000 ordinary shares that no longer will be subject to forfeiture by the initial shareholders as the underwriters over-allotment option was exercised in full.
IV NOTES TO CONDENSED FINANCIAL STATEMENTS NOVEMBER 30, 2025 (Unaudited) Note 1 Organization and Plan of Business Operations Legato Merger Corp.
At November 30, 2025, the Company had not yet commenced any operations.
All activity from September 1, 2025 (inception) through November 30, 2025 relates to the Company s formation and the initial public offering described below.
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