---
title: "Legato Merger Corp. III Sets Shareholder Vote on Einride Business Combination"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286577987.md"
description: "Legato Merger Corp. III (LEGT) has announced a shareholder vote on a business combination with Einride AB, scheduled for June 4, 2026. The merger, which has received unanimous board approval, will result in Legato III merging into a subsidiary of Einride, with securityholders becoming shareholders of Einride. A sponsored American depositary share facility will be established to facilitate trading for former Legato III investors."
datetime: "2026-05-15T13:53:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286577987.md)
  - [en](https://longbridge.com/en/news/286577987.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286577987.md)
---

# Legato Merger Corp. III Sets Shareholder Vote on Einride Business Combination

New activity is brewing for Legato Merger Corp. III ( (LEGT) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Legato Merger Corp. III has secured unanimous board approval for a business combination with Swedish company Einride AB, under which Legato III will merge into a wholly owned Einride subsidiary. Following the merger, Legato III will cease to exist and its securityholders will become shareholders and warrant holders of Einride, whose ordinary shares will be represented by American depositary shares.

An extraordinary general meeting of Legato III shareholders is scheduled for June 4, 2026, to vote on the business combination and related proposals, with participation available only via live webcast. Ahead of closing, Einride will establish a sponsored American depositary share facility with Deutsche Bank Trust Company Americas to facilitate issuance and trading of Einride ADSs to former Legato III investors.

**More about Legato Merger Corp. III**

Legato Merger Corp. III is a Cayman Islands-exempted special purpose acquisition company formed to merge with or acquire an operating business. It serves as a vehicle to bring a private company to the public markets, giving its shareholders exposure to a target’s equity following a business combination.

**Average Trading Volume:** 73,218

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $251.2M

Find detailed analytics on LEGT stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [LEGT.US](https://longbridge.com/en/quote/LEGT.US.md)
- [DBK.DE](https://longbridge.com/en/quote/DBK.DE.md)
- [DB.US](https://longbridge.com/en/quote/DB.US.md)
- [LEGT+.US](https://longbridge.com/en/quote/LEGT+.US.md)
- [03KB.DE](https://longbridge.com/en/quote/03KB.DE.md)
- [DPB.DE](https://longbridge.com/en/quote/DPB.DE.md)

## Related News & Research

- [02:43 ETEinride Expands Partnership with Paulig, Electrifying Long-Haul Shipments Along Sweden's West Coast](https://longbridge.com/en/news/286866573.md)
- [Legato Merger Corp. III Announces Receipt of Audit Opinion with Going Concern Explanation | LEGT Stock News](https://longbridge.com/en/news/281090823.md)
- [The Trading Awards: Voting is open until 19 May](https://longbridge.com/en/news/286793607.md)
- [ISG to Study HR Outsourcing Service Providers | III Stock News](https://longbridge.com/en/news/286578769.md)
- [Stocks in Play: Interfor Corporation](https://longbridge.com/en/news/286585579.md)