Einride to Go Public in $1.8 Billion Deal with Legato Merger Corp. III
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Einride, a Swedish digital freight technology company, plans to go public through a merger with Legato Merger Corp. III, valuing the company at $1.8 billion. Existing shareholders are expected to retain about 83% ownership post-merger, assuming a $100 million PIPE is raised. The deal has been unanimously approved and is expected to close in the first half of 2026, with the current management team continuing to lead the company. A webcast overview of the business and transaction is available on Einride's investor webpage.
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