Company: LEGT
Filing Date: 2025-11-12
Form Type: 8-K
Source: 0001829126-25-008966
Chunk: 0

Company: Legato Merger Corp. III
Filing Date: 2025-11-12
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01.      Entry Into a Material Definitive Agreement.  

On November 12, 2025, Legato Merger Corp. III, a Cayman Islands exempted company (“ Legato Einride Merger Sub BCA Merger

The Merger and the other transactions contemplated by the BCA (the “ Transactions Closing

The following summary of the BCA is qualified in its entirety by reference to the text of the BCA, which is attached as an exhibit hereto and is incorporated herein by reference.

BCA

Closing Consideration

Pursuant to the BCA, (i) immediately prior to the effective time of the Merger (“ Effective Time Stock Split Einride Common Shares

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 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

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; possession of requisite approvals; reports filed with the Securities and Exchange Commission (“ SEC

The representations and warranties of the parties will not survive the Closing, other than with