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SPAC · Merger completed

Legato Merger Corp. III

Business combination with Einride AB

Legato Merger Corp. III is a blank-check company (SPAC) that raised $175M in its initial public offering on Feb 6, 2024, listing on NYSE American. It completed its business combination with Einride AB on Jun 9, 2026; the combined company is Einride AB (ENRD). Graubard Miller advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Einride AB, founded in 2016, is a technology company that develops and operates digital, electric and autonomous freight solutions. It aims to speed the transition to future-proofed, cost-efficient transportation.

Status
Merger completed
IPO date
Feb 6, 2024
IPO size
$175M
IPO exchange
NYSE American
Target
Einride AB
Announced
Nov 12, 2025
Stated deal value
$1.35B
Closed
Jun 9, 2026
Combined company
Einride AB (ENRD)
SPAC counsel (IPO)
Graubard Miller and Maples and Calder
Underwriters' counsel (IPO)
Loeb & Loeb

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