Legato Merger Corp. III
LEGT
New York Stock Exchange American9.52
USD
-0.48
- -
CIK
0002002038
ISIN
KYG5451A1031
CUSIP
524660107
Return %
Stock
S&P500
1Y
-11.11
15.98
3Y
-5.27
62.25
5Y
-5.27
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gregory R. Monahan
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Financial - Conglomerates
- Address
- 777 Third Avenue New York NY United States of America 10017
- IPO Date
- Mar 28, 2024
- CIK
- 0002002038
- Website
- legatomerger.com
- Similar Companies
- Business
- Legato Merger Corp. III (NYSE American: LEGT) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses. The company focuses on target businesses in the infrastructure, engineering and construction, industrial and renewables industries; it has no significant current operations and maintains a trust account of approximately $216.8 million as of August 31, 2025. Incorporated in 2023 as a Cayman Islands exempted company and headquartered in New York, New York, Legato Merger Corp. III went public in February 2024 with an initial public offering targeting private companies with equity value greater than $400 million. In November 2025, the company entered into a definitive business combination agreement with Einride AB, a Swedish technology company specializing in digital, electric and autonomous freight operations, valuing Einride at a pre-money equity value of $1.8 billion and expecting to generate approximately $219 million in gross proceeds before redemptions and expenses, plus up to $100 million in PIPE financing. The transaction, supported by $100 million in prior crossover capital raised by Einride in 2025 from investors including EQT Ventures and NordicNinja, anticipates completion in the first half of 2026 subject to shareholder approval, regulatory clearances and other customary conditions, after which Einride shareholders would own about 83% of the combined pro forma equity assuming the full PIPE raise. Upon closing, the combined entity would operate Einride's platform serving over 25 enterprise customers across seven countries, managing around 200 electric vehicles and advancing autonomous deployments for clients such as GE Appliances and Apotea.
Einride Expands Partnership with Paulig, Electrifying Long-Haul Shipments Along Sweden's West Coast
Einride Expands Partnership with Paulig, Electrifying Long-Haul Shipments Along Sweden's West Coast
Einride AB and Legato Merger Corp. III Announce Effectiveness of Registration Statement Ahead of Planned Business Combination and Nasdaq Listing
Einride to Co-Lead Development of a Dual-Use Autonomous All-Terrain Vehicle for Swedish Resilience Initiative
Einride Joins the European Connected and Autonomous Vehicle Alliance (ECAVA)
Einride Joins the European Connected and Autonomous Vehicle Alliance (ECAVA)