# Legato Merger Corp. III (LEGT-WT) — merger/scheme_of_arrangement [completed]
Source: SEC API (secapi.ai) · situation sit_f209aff8c31b6236b448 · retrieved 2026-08-11T16:13:58.180Z

## Overview
Einride AB is a Swedish limited liability company engaged in the development and deployment of autonomous electric vehicle solutions and related services.

On February 26, 2026, Legato Merger Corp. III and Einride AB amended their November 12, 2025 Business Combination Agreement, reducing Einride's equity value from $1.8 billion to $1.35 billion. Simultaneously, Einride entered into subscription agreements with accredited investors to raise $113.3 million through a PIPE (private investment in public equity), selling 12,235,420 ADSs (each representing one ordinary share) and issuing warrants to purchase 18,353,130 additional ADSs at an exercise price of $10.90 per share. The PIPE closing is contingent upon consummation of the merger and satisfaction of customary closing conditions.

## Terms
- Counterparty: Einride AB · Deal value: $113.3M · Consideration: cash

## Key dates
- Completed 2026-02-26

## Timeline
- 2026-02-26 · 425 (0001829126-26-001676): 425 - Legato Merger Corp. III — *Einride AB is a Swedish limited liability company engaged in the development and deployment of autonomous electric vehicle solutions and related services.* On February 26, 2026, Legato Merger Corp. III and Einride AB amended their November 12, 2025 Business Combination Agreement, reducing Einride's equity value from $1.8 billion to $1.35 billion. Simultaneously, Einride entered into subscription agreements with accredited investors to raise $113.3 million through a PIPE (private investment in public equity), selling 12,235,420 ADSs (each representing one ordinary share) and issuing warrants to purchase 18,353,130 additional ADSs at an exercise price of $10.90 per share. The PIPE closing is contingent upon consummation of the merger and satisfaction of customary closing conditions.
  https://www.sec.gov/Archives/edgar/data/2002038/0001829126-26-001676.txt

## Citations
- 0001829126-26-001676 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626001676