Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-008967
Chunk: 6

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 6
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 governmental entity shall have issued a final, non-appealable governmental order, rule or regulation permanently enjoining or prohibiting the consummation of the Transactions; |

| ● | by either Legato or Einride if the other party has breached any of its covenants or representations and warranties such that the party’s closing conditions would not be satisfied (subject to a thirty-day cure period); |

| ● | by either Legato or Einride if the SPAC Shareholder Approval is not obtained; or |

| ● | by Einride if Legato’s board of directors or any committee thereof changes its recommendation to Legato’s shareholders prior to the receipt of the SPAC Shareholder Approval. |

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Other Agreements Entered into in Connection with the BCA

Lock-Up Agreements

As of the date of the BCA, certain initial shareholders of Legato (the “SPAC Founders”) entered into, and prior to the Closing each of the Required Holders of Einride will enter into, a lock-up agreement with Einride (collectively, the “ Lock-Up Agreements”).

Pursuant to the Lock-Up Agreement, the Einride Common Shares and Einride ADSs held by the Required Holders of Einride immediately following the Transactions and the Einride Common Shares and Einride ADSs issued to the SPAC Founders in the Merger in respect of their initial shares will be subject to transfer restrictions until the earlier of (a) the six-month anniversary of the Closing, (b) the date on which the closing share price of the Einride Common Shares equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period following the Closing, or (c) the date on which Einride completes a change of control.

Founder Support Agreement

Concurrently with the execution of the BCA, Einride, Legato and the SPAC Founders entered into an agreement (“ Founder Support Agreement”) pursuant to which the SPAC Founders agreed to vote or cause to be voted all ordinary shares of Legato beneficially held by them (i) in favor of approval of the adoption of the BCA, the approval of the Transactions, and each other proposal presented by Legato for approval by Legato’s shareholders; and (ii) against (x) any proposal or offer from any other person (other than Einride or its