Quarterly ResultJul 8, 2026, 04:33 PM
Legato Merger Corp. IV Q3 Net Income $1.79M; Trust Account $232.3M
AI Summary
Legato Merger Corp. IV reported a net income of $1.79 million for the three months ended May 31, 2026, and $2.44 million for the nine months. As a SPAC, the company has not yet commenced operations, with its income primarily derived from investments held in its Trust Account. The Trust Account held $232.3 million as of May 31, 2026, following its $230 million Initial Public Offering in January 2026.
Key Highlights
- Net income for the three months ended May 31, 2026, was $1,788,263.
- Net income for the nine months ended May 31, 2026, was $2,441,324.
- Investments held in the Trust Account totaled $232,301,573 as of May 31, 2026.
- Cash balance was $2,427,888 as of May 31, 2026.
- Total assets amounted to $234,915,346 as of May 31, 2026.
- Basic and diluted net income per share was $0.06 for the three months.
- Basic and diluted net income per share was $0.14 for the nine months.
- Working capital was $2,613,773 as of May 31, 2026.
Price Impact