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Legato Merger Corp. III Announces Business Combination with Einride
LEGT
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Legato Merger Corp. III has entered into a definitive business combination agreement with Einride, a technology company specializing in digital, electric, and autonomous freight.
- The transaction values Einride at $1.8 billion in pre-money equity value and is expected to generate approximately $219 million in gross proceeds before redemptions and expenses.
- Einride has a contracted Annual Recurring Revenue (ARR) base of $65 million and over $800 million in potential long-term ARR.
- The transaction is supported by $100 million in crossover capital raised by Einride during 2025 and is seeking up to $100 million in PIPE capital. Existing Einride shareholders are expected to own approximately 83% of the pro-forma equity post-closing (assuming a $100 million PIPE), with completion anticipated in the first half of 2026.
Nov 12, 2025, 12:00 PM
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