Business
Einride and Legato Merger Corp. III Announce Public Filing of Registration Statement on Form F-4
Einride AB (publ) ("Einride" or the "Company"), a technology company driving the transition to cost-efficient electric and autonomous freight operations for some of the world's largest shippers, and Legato Merger Corp. III (NYSE American: LEGT) ("Legato"), a special purpose acquisition company, today announced the public filing of a registration statement on Form F-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") in connection with the proposed business c
About this update from Legato Merger Corp. Iii
[{"type":"text","content":"STOCKHOLM and NEW YORK, April 22, 2026 /PRNewswire/ -- Einride AB (publ) ("Einride" or the "Company"), a technology company driving the transition to cost-efficient electric and autonomous freight operations for some of the world's largest shippers, and Legato Merger Corp. III (NYSE American: LEGT) ("Legato"), a special purpose acquisition company, today announced the public filing of a registration statement on Form F-4 (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC") in connection with the proposed business combination between Einride and Legato (the "Transaction").","length":677,"tagName":"p"},{"type":"text","content":"The Transaction, which was announced on November 12, 2025, is expected to result in Einride listing its ordinary shares in the form of American Depositary Shares ("ADS") on NASDAQ in the second quarter of 2026 under the ticker symbol "ENRD", subject to customary closing conditions.","length":302,"tagName":"p"},{"type":"text","content":"The Transaction values Einride at a pre-money equity value of $1.35 billion and is expected to deliver approximately $333 million in gross proceeds including a $113 million oversubscribed PIPE capital raise, announced on February 26, 2026, from a group of new and existing investors, and up to $220 million in proceeds from Legato's cash-in-trust before accounting for potential redemptions and transaction expenses.","length":420,"tagName":"p"},{"type":"text","content":"Einride's Freight-Capacity-as-a-Service platform integrates autonomous and electric trucks, AI optimization software, and charging infrastructure into a unified solution designed to optimize freight operations. The Company operates one of the world's largest electric heavy-duty fleets, serving customers across North America, Europe, and in the Middle East. Beyond its core freight operations today, Einride is also focused on licensing its autonomous driving stack, the Einride Driver, and the Saga AI fleet management software to third-party operators and OEMs.","length":572,"tagName":"p"},{"type":"text","content":"Einride has established strong commercial traction, with more than 30 enterprise customers across seven countries, approximately $92 million in expected annual recurring reven...