secwatch.observer — SEC 8-K summary
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Issuer:     Legato Merger Corp. III (LEGT)
CIK:        0002002038
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001829126-26-001675
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2002038/000182912626001675/0001829126-26-001675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2002038/000182912626001675/legatomerger3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-001675

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer