Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-008967
Chunk: 5

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 5
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 the provisions of the Securities Act, no stop order shall have been issued by the SEC that remains in effect with respect to the Registration Statement, and no proceeding seeking such a stop order shall have been threatened or initiated by the SEC which remains pending. |

Other Conditions to Einride’s and Merger Sub’s Obligations

The obligations of Einride and Merger Sub to consummate the Transactions are also conditioned upon, among other things:

| ● | the representations and warranties of Legato shall be true and correct (subject to certain bring-down standards); |

| ● | Legato shall have performed in all material respects the covenants required by the BCA to be performed by it on or prior to the Closing; |

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| ● | no material adverse effect with respect to Legato shall have occurred between the date of the BCA and the Closing; and |

| ● | Legato shall have delivered a customary officer’s certificate. |

Other Conditions to Legato’s Obligations

The obligations of Legato to consummate the Transactions are also conditioned upon, among other things:

| ● | the representations and warranties of Einride shall be true and correct (subject to certain bring-down standards); |

| ● | Einride shall have performed in all material respects the covenants of Einride required by the BCA to be performed by it on or prior to the Closing; |

| ● | no material adverse effect with respect to Einride shall have occurred between the date of the BCA and the Closing; |

| ● | holders of Einride Common Shares and Einride vested in-the-money derivatives, who hold an aggregate of at least 80% of the Einride Common Shares outstanding and underlying the vested in-the-money derivatives (the “Required Holders”) shall have entered into the lock-up agreements as set forth in the BCA; and |

| ● | Einride shall have delivered a customary officer’s certificate. |

Waivers

Either Legato or Einride may waive any inaccuracies in the representations and warranties made to such party contained in the BCA or in any document delivered pursuant to the BCA and waive compliance with any agreements or conditions for the benefit of such party contained in the BCA or in any document delivered pursuant to the BCA.

Termination

The BCA may be terminated at any time prior to the Closing as follows:

| ● | by mutual written consent of Legato and Einride; |

| ● | by either Legato or Einride if a