Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-008967
Chunk: 3

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 3
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 possession of requisite approvals; reports filed with the Securities and Exchange Commission (“ SEC”) and financial statements; absence of certain changes; litigation; business activities; material contracts; the listing of Legato’s securities; absence of undisclosed liabilities; Legato’s trust account; tax matters; information supplied; employees and benefit plans; board approval and shareholder vote; title to assets; transactions with affiliates; application of the Investment Company Act of 1940, as amended, and the Jumpstart Our Business Startups Act of 2012, as amended; brokers’ fees; the opinion of Legato’s financial advisor; and anti-takeover laws.

The representations and warranties of the parties will not survive the Closing, other than with respect to claims for intentional fraud in the making of such representations and warranties.

Covenants

The BCA includes customary covenants of the parties with respect to business operations prior to consummation of the Transactions and efforts to satisfy conditions to the consummation of the Transactions. The BCA also contains additional covenants of the parties, including, among others, covenants providing for:

| ● | Legato and Einride to jointly prepare and file a Registration Statement on Form F-4 (the “Registration Statement”), including a proxy statement for the solicitation of approval of the adoption of the BCA and the approval of the Transactions, among other proposals, to be considered by Legato’s shareholders (the “SPAC Shareholder Approval”), and a prospectus for the registration of Einride securities to be issued in connection with the Transactions; |

| ● | following the date the Registration Statement is declared effective by the SEC under the Securities Act of 1933, as amended (the “Securities Act”), Legato to establish a record date for, duly call and give notice of, convene and hold a meeting of SPAC shareholders for the purpose of, among other things, (x) providing SPAC Shareholders with the opportunity to redeem SPAC public shares, and (y) obtaining the SPAC Shareholder Approval; |

| ● | Einride to adopt an incentive equity plan to be effective following the Closing, with the number of Einride Common Shares to be allocated under such incentive equity plan equal to 7.5% of the total number of Einride Common Shares outstanding immediately following the Closing (on a fully-diluted basis assuming the conversion of all securities convertible into Einride Common Shares) and with a 5.0% annual evergreen provision; |

| ● | Legato