Legato Merger Corp.
LEGOW
NASDAQ Global Select3.08
USD
+0.05
- -
Legato Merger Corp.
LEGOW
(NASDAQ Global Select)
Recent
price
3.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Legato Merger Corp. III (NYSE American: LEGT) is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The company has no significant current operations and maintains cash in a trust account, with approximately $216.8 million held as of August 31, 2025, targeting private companies with an equity value greater than $400 million, particularly in the engineering and construction, renewables, infrastructure and industrial sectors. Its securities include units, redeemable warrants (traded as LEGOW) exercisable at specified prices, and common shares. Incorporated in 2023 as a Cayman Islands exempted company and headquartered at 777 Third Avenue, 37th Floor, New York, New York 10017, United States, Legato Merger Corp. III went public via initial public offering on February 6, 2024, at $10.00 per unit on the NYSE American exchange. The company operates globally in scope through its targeted business combinations, with key executives including Chief Executive Officer Gregory Monahan, Chief Financial Officer Adam H. Jaffe, and Chief SPAC Officer Eric Rosenfeld. In a major recent development, on November 12, 2025, Legato Merger Corp. III entered into a definitive business combination agreement with Einride AB, a Sweden-based technology company specializing in digital, electric and autonomous freight operations, valuing Einride at a $1.8 billion pre-money equity value. The transaction, unanimously approved by both boards, is expected to generate approximately $219 million in gross proceeds before redemptions and expenses, plus up to $100 million in additional private investment in public equity (PIPE) from institutional investors, with completion anticipated in the first half of 2026 subject to customary closing conditions, regulatory approvals and shareholder vote. Upon closing, Einride shareholders are projected to own about 83% of the combined pro forma entity, positioning Legato to deliver innovative freight technology to public markets.