Einride Completes Business Combination and Lists on Nasdaq

NEW YORK, NY and STOCKHOLM, SWEDEN - Einride AB, a leader in autonomous and electric freight technology, has officially finalized its business combination with Legato Merger Corp. III. The transaction was recently approved by Legato shareholders and marks the company's transition to the public markets.

Following the closing of the deal, Einride American Depositary Shares and warrants are scheduled to begin trading on the Nasdaq Stock Market under the ticker symbols "ENRD" and "ENRDW," respectively, starting June 10, 2026.

Transaction Highlights

• The business combination valued Einride at a pre-money equity value of approximately $1.35 billion.
• The company successfully raised $113 million via an oversubscribed PIPE financing.
• Key investors in the PIPE include EQT Ventures and a global asset management firm based in the US.

Founded in 2016, Einride focuses on electric and autonomous freight solutions. Its technology suite includes AI-powered planning, autonomous vehicle technology, and charging infrastructure, which it currently deploys across North America, Europe, and the Middle East.