Legato Merger Corp. III
LEGTNYSEFinancials · Blank Checks · E9 · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | — | — | — |
| Operating income | −$1.0M | −$670,426 | −$17,632 |
| Net income | $7.9M | $8.2M | −$17,632 |
| Total assets | $219.8M | $211.9M | $23,606 |
| Total liabilities | $7.0M | $7.0M | $15,738 |
| Equity | −$6.1M | −$5.1M | $7,868 |
| EPS (diluted) | — | — | — |
| Shares out. | 25.8M | 5.7M | 5.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −130.0%
- Return on assets
- 3.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 3.2%
- Debt / equity
- —
- Book value / share
- $-0.24
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −3.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 4.0%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 1 warning● 2 good- Negative shareholder equity
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Berkley W R CorpPassive (13G)May 8, 2026
- Karpus Management, Inc.Passive (13G)Apr 7, 2026
- First Trust Capital Management L.P.Passive (13G)Feb 13, 2026
- Barclays PlcPassive (13G)Feb 11, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 100,413 | 7.2 | -27.8% |
| Apr 30, 2026 | 139,158 | 4.8 | +46.3% |
| Apr 15, 2026 | 95,127 | 1.6 | +1.1% |
| Mar 31, 2026 | 94,141 | 1.0 | -11.6% |
| Mar 13, 2026 | 106,433 | 1.0 | -0.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- New financial obligation · Amended charter or bylaws · Shareholder voteMay 6, 2026
- Entered a material agreement · Regulation FD disclosureFeb 26, 2026
- Entered a material agreement · Regulation FD disclosureNov 12, 2025
- Unregistered equity sale · Other material eventFeb 14, 2024
- Entered a material agreementFeb 6, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.