Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-009066
Chunk: 2

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 2
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 communication@einride.tech. They will handle all inquiries. |

| ● | As an Einride employee, you are likely to possess non-public information and it is important that you do not act on any such non-public information about Einride or the proposed transaction. As a result, you may be prohibited from buying, selling or making recommendations to others to buy or sell securities of Legato or share confidential information about Einride. |

| ● | Specifically, if you have so-called insider information (for example non-public operational or financial numbers), you are considered an “insider”; and trades by your friends and family are subject to heightened scrutiny. Before you transact in the securities of Legato or Einride, you must consult with Einride’s Legal team. |

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What will happen to my warrants and stock options?

| ● | Information about our warrant and stock option programs and how they are affected by the proposed transaction can be found here and here. |

| ● | Additionally, as a public company, we may introduce new incentives or equity plans. Any such changes will be communicated clearly and well in advance. |

What are the final terms of the deal?

| ● | The proposed transaction values Einride at a pre-money equity value of $1.8 billion. |

| ● | It is expected to provide approximately $219 million in gross proceeds before accounting for potential redemptions of Legato’s public shares, transaction expenses and any further financing. Additionally, the Company is seeking up to $100 million in PIPE capital1 |

| ● | As announced previously, the proposed transaction is further supported by $100 million in crossover capital raised by Einride during 2025 from existing and new institutional investors including a global asset management company based on the West Coast of the United States, EQT Ventures and NordicNinja. |

| ● | The existing shareholders of Einride are expected to own approximately 83% of the combined company’s pro-forma equity assuming completion of a potential $100M PIPE investment, and no redemptions of Legato’s public shares. |

| ● | Einride’s existing management team will continue to lead the Company following completion of the proposed transaction. |

When is the deal expected to close?

| ● | The proposed transaction is expected to close in the first half of 2026 subject to approval by the shareholders of both Einride and Legato as well as regulatory approvals. |

As a European freight tech company, why did you choose a public listing in the