Company: LEGT
Filing Date: 2025-11-12
Form Type: 425
Source: 0001829126-25-008967
Chunk: 2

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 425
Chunk 2
---
 Einride’s vested in-the-money derivatives); and (ii) immediately thereafter and prior to the Effective Time, each of Einride’s outstanding preference shares, no par value, and each vested in-the-money derivative held by a shareholder of Einride who has elected to convert such derivative in the Transaction will be exchanged for the right to receive the net number Einride Common Shares underlying such preference share or derivative. Einride’s unvested derivatives and out-of-the-money derivatives will remain outstanding, along with any vested in-the-money derivates held by a shareholder of Einride who has not elected to convert such derivative in the Transactions.

At the Effective Time, each outstanding ordinary share of Legato (other than ordinary shares of Legato held in Legato’s treasury or owned by Einride or Merger Sub or any other wholly-owned subsidiary of Einride) will be exchanged for one Einride Common Share; and (iv) each outstanding warrant of Legato to purchase one ordinary share of Legato will become a warrant to purchase one Einride Common Share (“ Einride Warrants”). All of the Einride Common Shares issued to shareholders of Legato and all of the Einride Common Shares issuable upon exercise of the Einride Warrants will be issued in the form of American depositary shares (“ Einride ADSs”).

Governance

Einride has agreed to use reasonable best efforts to ensure that the size of Einride’s board of directors will consist of seven (7) members, of which at least three (3) will be independent as defined under the listing rules of the New York Stock Exchange (the “ Exchange”).

<div align='center'>1</div>

Representations and Warranties

The BCA contains representations and warranties of Einride and its subsidiaries relating to, among other things, organization and qualification; subsidiaries; capitalization; authorization; absence of conflicts; governmental consents and filings; compliance with laws; possession of requisite approvals; financial statements; absence of undisclosed liabilities; absence of certain changes; litigation; collective bargaining agreements; benefit plans; employees and labor relations; real property; title to assets; tax matters; environmental matters; intellectual property; privacy and data security; material contracts; insurance; major customers and major suppliers; transactions with affiliates; information supplied; absence of certain business practices; and brokers’ fees.

The BCA contains representations and warranties of Legato relating to, among other things, organization and qualification; subsidiaries; capitalization; authorization; absence of conflicts; required filings and consents; compliance with laws;