# Einride AB (ENRD) — merger/spac_merger [pending]
Source: SEC API (secapi.ai) · situation sit_f220da714036568c7794 · retrieved 2026-08-11T16:13:20.479Z

## Overview
Einride AB is a technology company that develops and operates digital, electric, and autonomous freight solutions to accelerate the transition to cost-efficient transportation; it operates AI-powered planning and optimization, autonomous technologies, one of the world's largest electric heavy-duty fleets, and charging infrastructure across North America, Europe, and the Middle East.

Einride AB, a technology company developing electric and autonomous freight solutions, announced a proposed business combination with Legato Merger Corp. III (NYSE American: LEGT), a publicly traded special purpose acquisition company. The transaction includes an oversubscribed PIPE financing of approximately $113 million in gross proceeds from new and existing investors including EQT Ventures. 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 the PIPE financing and $220 million in proceeds from Legato's cash-in-trust before accounting for potential redemptions and transaction expenses. To date, investors have committed an aggregate of approximately $213 million in financing in connection with the transaction, including both the PIPE financing and Einride's already announced crossover financing of approximately $100 million. Subject to the satisfaction of closing conditions, including approval of Legato shareholders and regulatory approvals, the combined company expects to list its ordinary shares on the New York Stock Exchange during the first half of 2026 under the proposed ticker symbol "ENRD".

## Terms
- Counterparty: Legato Merger Corp. III · Deal value: $1.80B · Consideration: mixed

## Key dates
- Announced 2026-01-08 · Expected close 2026-06-30

## Timeline
- 2026-01-08 · 425 (0001829126-26-000095): 425 - Einride AB — *Einride is a technology company that helps customers transition their fleets to electric and autonomous vehicles through a platform that orchestrates electrification and autonomous deployment, combining early commercialization of electric capacity with autonomous technology rollout.* Einride AB, a Swedish autonomous and electric fleet technology company, is combining with Legato Merger Corp. III (a blank-check company) in a transaction valued at $1.8 billion. The company has secured $100 million in PIPE (private investment in public equity) financing, including participation from strategic investors such as IonQ. Einride operates in seven countries with 26 customers including Carlsberg, Heineken, and GE Appliances, and has deployed approximately $45 million in annual recurring revenue (ARR) with an additional $65 million in ARR under binding contracts and approximately $800 million in potential ARR in joint business plans with customers. The transaction will allow Einride to accelerate scaling of its autonomous and electric vehicle deployments and expand its U.S. market presence.
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-000095.txt
- 2026-01-16 · 425 (0001829126-26-000341): 425 - Einride AB — *Einride AB is a technology company that helps transport buyers transition their logistics from traditional, manual-based operations into electric and autonomous capacity through deployment of its technology platform that orchestrates the ecosystem and provides deployed transport capacity, charging infrastructure, and operational planning software.* Einride AB, a Swedish autonomous and electric vehicle technology company, is pursuing a business combination with Legato Merger Corp. III, a blank-check company. The transaction will result in Einride becoming a publicly listed company. Einride is a platform company that helps transport buyers transition their logistics from traditional operations into electric and autonomous capacity, with 27 customers across seven countries, approximately $45 million in annual recurring revenue (ARR) currently deployed, $65 million in ARR in contracts to be deployed, and approximately $800 million in potential ARR in joint business plans with customers.
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-000341.txt
- 2026-02-10 · 425 (0001829126-26-001208): 425 - Einride AB — *Einride is a technology company that develops and operates digital, electric, and autonomous freight solutions, with AI-powered planning and optimization, autonomous technologies, one of the world's largest electric heavy-duty fleets, and charging infrastructure serving customers across North America, Europe, and the Middle East.* Einride AB and Legato Merger Corp. III (NYSEAMERICAN: LEGT) entered into a definitive agreement on November 12, 2025, for a proposed business combination that would result in Einride becoming a NYSE-listed public company. The transaction was unanimously approved by the Boards of Directors of both Legato and Einride. Completion is anticipated to occur in the first half of 2026, subject to customary closing conditions, including regulatory approvals.
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-001208.txt
- 2026-02-11 · 425 (0001829126-26-001255): 425 - Einride AB — *Einride AB is a technology company that develops and operates digital, electric and autonomous freight solutions, with a vertically integrated platform spanning vehicle hardware, autonomous software, fleet operations, and end-to-end logistics.* Einride AB, a technology company developing electric and autonomous freight solutions, announced plans to pursue a public listing on the New York Stock Exchange through a proposed business combination with Legato Merger Corp. III (NYSEAMERICAN: LEGT), a special purpose acquisition company. Einride has established strong commercial traction with more than 25 enterprise customers across seven countries, approximately $65 million in expected annual recurring revenue (ARR) from signed customer contracts, and over $800 million in potential long-term ARR through joint business plans with blue-chip customers. The company has received industry-first regulatory permits for autonomous vehicle operations across the U.S. and Europe, maintains a zero traffic incident safety record, and operates in the $4.6 trillion global road freight market.
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-001255.txt
- 2026-02-24 · 425 (0001829126-26-001612): 425 - Einride AB — *Einride is a technology company that develops and operates digital, electric and autonomous freight solutions to accelerate the transition to cost-efficient transportation, serving customers across North America, Europe and the Middle East.* Einride AB carved out and divested its design organization to Navisalma Design, a newly formed design studio founded by Linnéa Kornehed Falck and partners. The divestment was completed at fair market value based on an independent third-party valuation. Einride retained a minority ownership stake in the company and signed a three-year retainer agreement with Navisalma Design to provide for Einride's brand, design, and marketing needs.
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-001612.txt
- 2026-02-26 · 425 (0001829126-26-001674): 425 - Einride AB — *Einride AB is a technology company that develops and operates digital, electric, and autonomous freight solutions to accelerate the transition to cost-efficient transportation; it operates AI-powered planning and optimization, autonomous technologies, one of the world's largest electric heavy-duty fleets, and charging infrastructure across North America, Europe, and the Middle East.* Einride AB, a technology company developing electric and autonomous freight solutions, announced a proposed business combination with Legato Merger Corp. III (NYSE American: LEGT), a publicly traded special purpose acquisition company. The transaction includes an oversubscribed PIPE financing of approximately $113 million in gross proceeds from new and existing investors including EQT Ventures. 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 the PIPE financing and $220 million in proceeds from Legato's cash-in-trust before accounting for potential redemptions and transaction expenses. To date, investors have committed an aggregate of approximately $213 million in financing in connection with the transaction, including both the PIPE financing and Einride's already announced crossover financing of approximately $100 million. Subject to the satisfaction of closing conditions, including approval of Legato shareholders and regulatory approvals, the combined company expects to list its ordinary shares on the New York Stock Exchange during the first half of 2026 under the proposed ticker symbol "ENRD".
  https://www.sec.gov/Archives/edgar/data/2095096/0001829126-26-001674.txt

## Citations
- 0001829126-26-000095 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626000095
- 0001829126-26-000341 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626000341
- 0001829126-26-001208 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626001208
- 0001829126-26-001255 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626001255
- 0001829126-26-001612 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626001612
- 0001829126-26-001674 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000182912626001674