Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-008967
Chunk: 4

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 4
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 to use reasonable best efforts to ensure Legato remains listed as a public company on, and for the Legato ordinary shares and warrants to continue to be listed on, the Exchange until the Closing; |

| ● | each party to abide by exclusivity provisions set forth in the BCA; |

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| ● | Legato to purchase a “tail” directors’ and officers’ liability insurance policy, or if Legato fails to do so prior to Closing, the Company and Merger Sub to purchase such a “tail” policy; |

| ● | Legato to terminate certain existing agreements with its securityholders, including the management services agreement with an affiliate of its SPAC officer; |

| ● | Legato and Einride to use their reasonable best efforts to identify and obtain commitments from potential investors for a private investment in the Company to be consummated concurrently with the Closing; |

| ● | Einride to cause its shareholders agreement to be terminated; |

| ● | Einride to enter into a new registration rights agreement with certain of the shareholders of Legato and Einride, which agreement will replace Legato’s existing registration rights agreement; |

| ● | Einride to use reasonable best efforts to cause holders of Einride shares and Einride vested in-the-money derivatives, who hold an aggregate of at least 90% of the Einride Common Shares outstanding and underlying the vested in-the-money derivatives, to enter into a lock-up agreement as of the date of the Closing; and |

| ● | Einride to obtain the approval from the Einride shareholders of the BCA and the Transactions. |

Conditions to Closing

Mutual Conditions

The consummation of the Transactions is conditioned upon the following, among other things:

| ● | the Transactions shall have been approved by Legato’s shareholders; |

| ● | no provision of any applicable law prohibiting, enjoining or making illegal the consummation of the Transactions shall be in effect and no temporary, preliminary or permanent restraining order prohibiting, enjoining or making illegal the consummation of the Transactions will be in effect or shall be threatened in writing by a governmental entity; |

| ● | the Einride Common Shares in the form of Einride ADSs to be issued and Einride Warrants to be assumed in accordance with the BCA shall be approved or conditionally approved for listing upon the Closing on the Exchange, as applicable, subject to official notice of issuance; and |

| ● | the Registration Statement shall have become effective in accordance with