Legato & Einride amend merger to $1.35B equity value; raise $113M PIPE

Legato Merger Corp. III

Einride equity value cut from $1.8B to $1.35B in amended BCA signed Feb 26, 2026.
PIPE raises $113.3M from 12.235M ADSs plus warrants for 18.353M additional ADSs.
Investors include a global asset manager and EQT Ventures; proceeds for tech & global expansion.
PIPE includes warrant adjustments: exercise price $10.90, subject to reset based on VWAP.
Existing Legato shareholders transfer 553,471 founder shares; Einride issues 1.4M extra ADSs.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Legato Merger Corp. III amended Amendment with Einride AB (effective 2026-02-26).

Action: amendment
Agreement: merger
Counterparty: Einride AB
Effective: 2026-02-26

Exact text from the filing

III, a Cayman Islands exempted company (“ Legato ”), Einride AB, a limited liability company formed under the laws of Sweden (“ Einride ”), and Einride Cayman Sub Limited, a Cayman Islands exempted company and a direct, wholly-owned subsidiary of Einride (“ Merger Sub ”), entered into a Business Combination Agreement (as it may be further amended, modified or supplemented from time to time, the “ BCA ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Legato Merger Corp. III entered into Business Combination Agreement with Einride AB (effective 2025-11-12).

Action: entry
Agreement: merger
Counterparty: Einride AB
Effective: 2025-11-12

Exact text from the filing

on November 12, 2025, Legato Merger Corp. III, a Cayman Islands exempted company (“ Legato ”), Einride AB, a limited liability company formed under the laws of Sweden (“ Einride ”), and Einride Cayman Sub Limited, a Cayman Islands exempted company and a direct, wholly-owned subsidiary of Einride (“ Merger Sub ”), entered into a Business Combination Agreement (as it may be further amended, modified or supplemented from time to time, the “ BCA ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Legato Merger Corp. III entered into Subscription Agreements with accredited investors valued at $113.3 million (effective 2026-02-26).

Action: entry
Agreement: equity purchase
Counterparty: accredited investors
Value: $113.3 million
Effective: 2026-02-26

Exact text from the filing

On February 26, 2026, Legato and Einride entered into subscription agreements (“ Subscription Agreements ”) with accredited investors (collectively, the “ Investors ”), pursuant to which Einride will, substantially concurrently with, and contingent upon, the consummation of the Merger, sell an aggregate of 12,235,420 American depositary shares of Einride (“ ADSs ”), each representing one ordinary share of Einride (“ Ordinary Share ”), to the Investors for an aggregate purchase price of $113.3 million (the “ PIPE ”).

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291 material agreements filed in the last 30 days. Browse all material agreements →

Legato Merger Corp. III filing history →

Source: SEC EDGAR

accession 0001829126-26-001675

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