Einride AB and Legato Merger Corp. III (NYSE American: LEGT) have taken a formal regulatory step in their proposed business combination by filing a registration statement on Form F-4 with the U.S. Securities and Exchange Commission on Wednesday. The filing follows the parties' announcement of the transaction on November 12, 2025.
The combination values Einride at a pre-money equity value of $1.35 billion. Proceeds tied to the transaction are expected to total approximately $333 million in gross capital, a figure that includes a previously disclosed, oversubscribed $113 million PIPE that was announced on February 26, 2026 and subscribed to by a group of new and existing investors. In addition, Legato’s cash-in-trust could contribute up to $220 million before consideration of potential redemptions by public investors and transaction-related expenses.
If the deal closes as planned, Einride intends to list its ordinary shares in the form of American Depositary Shares on Nasdaq in the second quarter of 2026 under the symbol "ENRD," subject to customary closing conditions. The parties reiterated the timetable outlined at signing while noting that the listing remains contingent on completion of required steps and approvals.
Roozbeh Charli, Einride’s chief executive officer, commented on the filing, stating: "This filing marks a significant step as we advance toward becoming a publicly listed company and continue scaling our platform globally."
Einride describes itself as a technology provider focused on freight operations for shippers. Its Freight-Capacity-as-a-Service platform combines autonomous and electric trucks with AI optimization software and charging infrastructure. The company operates an electric heavy-duty vehicle fleet and serves customers across North America, Europe, and the Middle East.
Beyond operating its own fleet, Einride also pursues licensing opportunities for its autonomous driving stack, called the Einride Driver, as well as its Saga AI fleet management software to third-party operators and original equipment manufacturers (OEMs).
The filing with the SEC is a procedural step designed to provide the required disclosures to public investors ahead of the business combination and the planned Nasdaq listing. The registration filing and the deal's financial terms reiterate the capital structure and financing commitments as previously announced by the parties.
Contextual note: The registration statement and the deal metrics summarize the transaction as it currently stands; closing remains subject to customary conditions and adjustments related to investor redemptions and transaction expenses.