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Legato Merger Corp. III ( (LEGT) ) has issued an announcement.
On November 12, 2025, Legato Merger Corp. III and Einride AB announced a business combination agreement that will see Einride become a publicly listed company on the NYSE. The transaction, valued at $1.8 billion, aims to strengthen Einride’s position in the $4.6 trillion global road freight market by leveraging its autonomous and electric freight technology. The merger is expected to provide Einride with approximately $219 million in gross proceeds and further support from $100 million in crossover capital. Einride plans to expand its U.S. operations, enhancing its technological capabilities and creating jobs, thereby solidifying its leadership in the autonomous freight industry. The transaction is anticipated to close in the first quarter of 2026, subject to shareholder approvals and other conditions.
More about Legato Merger Corp. III
Einride AB is a technology company based in Stockholm, Sweden, specializing in electric and autonomous freight operations. The company offers a dual Freight-Capacity-as-a-Service (FCaaS) and Software-as-a-Service (SaaS) model through its AI-powered platform, providing end-to-end freight services with both driver-operated and autonomous electric trucks. Einride has a strong presence in the U.S. market and is recognized for its innovative autonomous vehicle technology, holding regulatory permits across the United States and Europe.
Average Trading Volume: 36,370
Technical Sentiment Signal: Buy
Current Market Cap: $237.4M
See more insights into LEGT stock on TipRanks’ Stock Analysis page.