Einride SPAC Merger Valued at $1.35B

Einride AB and Legato Merger Corp. III filed a Form F‑4 registration with the SEC on April 22 2026 for their SPAC merger.
The deal values Einride at a $1.35 billion pre‑money equity, targeting $333 million gross proceeds including a $113 million PIPE and up to $220 million cash‑in‑trust.
Einride plans to list American Depositary Shares on NASDAQ in Q2 2026 under ticker “ENRD”, pending customary closing conditions.
CEO Roozbeh Charli said the filing marks a significant step toward becoming a public company and scaling its global freight‑capacity platform.