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LEGT
Upturn stock rating

Legato Merger Corp. III (LEGT)

Upturn stock rating
$10.89
Last Close (24-hour delay)
Profit since last BUY7.29%
upturn advisory
Consider higher Upturn Star rating
BUY since 320 days
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  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
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Upturn Advisory Summary

10/24/2025: LEGT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit 7.29%
Avg. Invested days 320
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/24/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 275.54M USD
Price to earnings Ratio 33.38
1Y Target Price -
Price to earnings Ratio 33.38
1Y Target Price -
Volume (30-day avg) -
Beta -
52 Weeks Range 10.10 - 10.86
Updated Date 06/29/2025
52 Weeks Range 10.10 - 10.86
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.32

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -0.4%
Return on Equity (TTM) -

Valuation

Trailing PE 33.38
Forward PE -
Enterprise Value 274160325
Price to Sales(TTM) -
Enterprise Value 274160325
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 25799400
Shares Floating 19311090
Shares Outstanding 25799400
Shares Floating 19311090
Percent Insiders 19.72
Percent Institutions 81.05

ai summary icon Upturn AI SWOT

Legato Merger Corp. III

stock logo

Company Overview

overview logo History and Background

Legato Merger Corp. III was a blank check company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Its focus was not limited to a particular industry or geographic region.

business area logo Core Business Areas

  • Special Purpose Acquisition Company (SPAC): Legato Merger Corp. III's core function was to identify and merge with a private company, thereby taking the target company public.

leadership logo Leadership and Structure

As a SPAC, Legato Merger Corp. III had a management team focused on deal origination, structuring, and execution. The structure typically involves a board of directors with expertise in finance and deal-making.

Top Products and Market Share

overview logo Key Offerings

  • SPAC Services: Legato Merger Corp. III offered a vehicle for private companies to go public without the traditional IPO process. Market share is irrelevant here, as its success depended on the acquired target. Competitors are other SPACs, investment banks and private equity firms.

Market Dynamics

industry overview logo Industry Overview

The SPAC market has seen fluctuations in popularity and regulatory scrutiny. The overall industry involves mergers and acquisitions and IPO alternatives.

Positioning

Legato Merger Corp. III's position depended on the quality of the target company it aimed to acquire. It would compete with other SPACs, private equity firms, and strategic acquirers.

Total Addressable Market (TAM)

The TAM consists of all private companies seeking to go public. Legato Merger Corp. III's success depended on identifying and merging with a desirable target within this TAM.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Access to public market capital
  • Flexibility in deal structuring
  • Potential for high returns if successful

Weaknesses

  • Dependence on identifying a suitable target
  • Risk of failing to complete a merger
  • Potential dilution for existing shareholders
  • Market risk impacting post-merger performance

Opportunities

  • Growing interest in SPACs as an alternative to IPOs
  • Availability of attractive private companies
  • Potential for value creation through operational improvements in the target company

Threats

  • Increased competition from other SPACs
  • Regulatory changes impacting SPAC structures
  • Market downturn affecting merger valuations
  • Failure to identify a suitable target

Competitors and Market Share

competitor logo Key Competitors

  • Bill Ackman's Pershing Square Tontine Holdings (PSTH)
  • Churchill Capital Corp IV (CCIV) - Defunct after Lucid merger
  • Gores Metropoulos II (GMII)

Competitive Landscape

The SPAC market is highly competitive, with many SPACs vying for attractive targets. Success depends on management expertise, deal-sourcing capabilities, and the ability to negotiate favorable terms.

Growth Trajectory and Initiatives

Historical Growth: Growth is not applicable to the SPAC itself; rather, it depends on the growth of the target company after the merger.

Future Projections: Future projections depend entirely on the target company's prospects.

Recent Initiatives: Recent initiatives involve deal sourcing and negotiation with potential target companies.

Summary

Legato Merger Corp. III was a SPAC designed to merge with a private company and take it public. Its success was entirely dependent on finding and merging with a promising target. As a blank check company, it carried inherent risks related to deal completion and post-merger performance. The competitive landscape of the SPAC market presented further challenges. The company's fate was ultimately determined by the quality and execution of its merger strategy.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Financial News Articles
  • SPAC Data Providers

Disclaimers:

This analysis is based on publicly available information and should not be considered investment advice. SPAC investments are inherently risky, and past performance is not indicative of future results.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Legato Merger Corp. III

Exchange NYSE MKT
Headquaters New York, NY, United States
IPO Launch date 2024-03-28
CEO & Director Mr. Gregory Rush Monahan
Sector Financial Services
Industry Shell Companies
Full time employees -
Full time employees -

Legato Merger Corp. III does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other related business combination with one or more target businesses or entities. The company was incorporated in 2023 and is based in New York, New York.