Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-009066
Chunk: 0

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
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Filed by Einride AB

Pursuant to Rule 425 under the Securities Act of 1933,

as amended, and deemed filed under Rule 14a-12

under the Securities Exchange Act of 1934, as amended

Subject Company: Legato Merger Corp. III

Commission File No.: 001-41945

The following communication was made available to employees of Einride AB via email on November 12, 2025 in connection with the proposed business combination between Legato Merger Corp. III and Einride AB.

FAQ

What is happening?

| ● | Einride AB (“Einride” or the “Company”) and Legato Merger Corp. III (“Legato”) announced that they have entered into a definitive agreement for a proposed business combination with the purpose of Einride becoming a listed entity on the NYSE. |

| ● | Upon completion of the proposed transaction, the combined company is expected to become a NYSE-listed public company. |

Who is Legato?

| ● | Legato is a special purpose acquisition company, or “SPAC”. A SPAC is a publicly traded company formed to identify and complete an initial business combination with an existing operating company. Following the completion of such business combination, the combined company then becomes a publicly traded company. |

| ● | Legato’s management team is led by individuals who possess extensive experience of serving on public company boards and a deep understanding of capital markets. |

| ● | More information on Legato can be found here. |

How long have you been in negotiations with Legato?

| ● | More details will be provided in the proxy statement /prospectus relating to the transaction, which will be filed with the Securities and Exchange Commission (“SEC”) in due course. |

Can you outline why Einride’s proposed business combination with Legato makes sense now and over the long term?

| ● | We’re at an inflection point both for the Company and the market: |

| i. | Einride has, through its work with customers over the past years, accumulated a large growth opportunity through its contracts and Joint Business Plans, and believes now is the time to invest even more into scaling those contracts and relationships. |

| ii. | The market for autonomous deployments has also experienced strong momentum over the last year, resulting in an opportune time for Einride to further scale with customers. Einride believes that having access to the public markets and a larger capital pool will help us do so. |

| ● | The Company has