Legato Merger Corp. III Acquired by Einride | Technology M&A Deal

Einride has completed the acquisition of Legato Merger Corp. III, a technology other business in Cayman Islands, for $11.50. Legato Merger Corp. III is a SPAC vehicle formed to pursue a technology M&A merger acquisition, with ordinary shares represented by American depositary shares and associated warrants. Einride acquires Legato Merger Corp. III as part of its strategic acquisition strategy, expanding its technology M&A footprint through a strategic acquisition and merger acquisition structure. The merger acquisition is announced as a strategic acquisition by Einride, with Legato III merging into Einride Cayman Sub Limited as the surviving company, subject to shareholder approval and customary closing conditions.