<div id="readability-page-1"><article><div>, /PRNewswire/ -- Einride AB (&#34;Einride&#34; or the &#34;Company&#34;), a technology company driving the transition to cost-efficient electric and autonomous freight operations for some of the world's largest shippers, and Legato Merger Corp. III (NYSE American: LEGT) (&#34;Legato&#34;), a special purpose acquisition company, today announced the confidential submission of a draft registration statement on Form F-4 (the &#34;Registration Statement&#34;) with the U.S. Securities and Exchange Commission (&#34;SEC&#34;) on December 12, 2025 in connection with the proposed business combination between Einride and Legato (the &#34;Transaction&#34;).Einride operates a dual Freight-Capacity-as-a-Service (FCaaS) and Software-as-a-Service (SaaS) business model through its proprietary AI-powered platform that orchestrates electric and autonomous freight operations. Founded in 2016 and headquartered in Stockholm, Sweden, the Company has demonstrated strong commercial traction across multiple markets, with the United States its second largest market. Specifically, Einride has achieved over 1,700 driverless hours in contracted operations, over 11 million electric miles driven, and over 350,000 executed shipments, with $65 million expected ARR from signed contracts with blue-chip customers. Looking forward, Einride has more than $800 million of potential long-term ARR within Joint Business Plans for continued expansion of electric and autonomous deployments. Today's confidential submission marks another important step towards the Company's public listing, and follows the recent appointment of Anubhav Verma as Chief Financial Officer to strengthen Einride's leadership team in preparation for becoming a public company.The Transaction, which was announced on November 12, 2025, is expected to deliver approximately $220 million in gross proceeds before accounting for potential redemptions, transaction expenses and any further financing, including potentially up to $100 million of PIPE capital). Proceeds from the Transaction will support Einride's technology roadmap and global expansion, including autonomous deployments across North America, Europe, and the Middle East, and additional commercial applications.The Transaction remains subject to approval by Legato shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions, and is expected to close in the first half of 2026. Upon closing, the combined company is expected to be listed on the New York Stock Exchange.About EinrideFounded in 2016, Einride is a technology company that develops and operates digital, electric and autonomous freight solutions to accelerate the transition to future proofed transportation in a cost-efficient way. Its technology platform includes AI powered planning and optimization, autonomous technologies, one of the world's largest electric heavy-duty fleets and charging infrastructure. Einride is serving customers across North America, Europe and the Middle East.On November 12, 2025, Einride and Legato announced they had entered into a definitive business combination agreement for a proposed business combination that would result in Einride becoming a NYSE-listed public company. The Transaction was unanimously approved by the Boards of Directors of Legato and Einride. Completion of the Transaction is anticipated to occur in the first half of 2026 subject to customary closing conditions, including regulatory approvals.About Legato Merger Corp. III:Legato is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities.Forward-Looking StatementsThis communication contains certain &#34;forward-looking statements&#34; within the meaning of U.S. federal securities laws including, but not limited to, statements regarding the proposed Transaction with Legato and Einride's expected and potential ARR, as applicable. These forward-looking statements generally are identified by the words &#34;believe,&#34; &#34;project,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;intend,&#34; &#34;strategy,&#34; &#34;future,&#34; &#34;opportunity,&#34; &#34;plan,&#34; &#34;may,&#34; &#34;should,&#34; &#34;will,&#34; &#34;would,&#34; &#34;will be,&#34; &#34;will continue,&#34; &#34;will likely result,&#34; and similar expressions. Forward-looking statements are based on current expectations and assumptions available to the Company and Legato, and, as a result, are subject to risks and uncertainties. Any such expectations and assumptions, whether or not identified in this communication, should be regarded as preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the Transaction; (2) the outcome of any legal proceedings that may be instituted against Legato, Einride, the combined company or others following the announcement of the Transaction and any definitive agreements with respect thereto; (3) the amount of redemption requests made by Legato public shareholders and the inability to complete the Transaction due to the failure to obtain approval of the shareholders of Legato, to obtain financing to complete the Transaction or to satisfy other conditions to closing; (4) risks related to the scaling of the Company's business and the timing of expected business milestones; (5) the ability to meet stock exchange listing standards following the consummation of the Transaction; (6) the risk that the Transaction disrupts current plans and operations of the Company as a result of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Transaction; (9) risks associated with changes in laws or regulations applicable to the Company's solutions and services and the Company's international operations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (11) supply shortages in the materials necessary for the production of Einride's solutions; (12) negative perceptions or publicity of the Company; (13) risks related to working with third-party manufacturers for key components of Einride's solutions; (14) the termination or suspension of any of Einride's contracts or the reduction in counterparty spending; and (15) the ability of Einride or the combined company to issue equity or equity- linked securities in connection with the proposed business combination or in the future.Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the &#34;Risk Factors&#34; section of the Company's registration statement on Form F-4 to be filed by the Company with the U.S. Securities and Exchange Commission (the &#34;SEC&#34;), and other documents filed by the Company and/or Legato from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this communication are qualified by these cautionary statements. The Company and Legato assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law. Neither the Company nor Legato gives any assurance that either the Company or Legato will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Legato or any other person that the events or circumstances described in such statement are material.Additional Information and Where to Find ItIn connection with the Transaction, the Company intends to file a registration statement on Form F-4 with the SEC that will include a proxy statement of Legato and a prospectus of the Company. After the registration statement is declared effective, the definitive proxy statement/prospectus will be sent to all Legato shareholders as of a record date to be established for voting on the proposed Transaction. Legato also will file other documents regarding the proposed Transaction with the SEC. This communication does not contain all the information that should be considered concerning the proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Transaction. Before making any voting or investment decision, investors and shareholders of Legato are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed Transaction as they become available because they will contain important information about the proposed Transaction. Investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by Legato through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Legato may be obtained by written request to Legato at Legato Merger Corp. III, 777 Third Avenue, 37th Floor, New York, NY 10017.Participants in the SolicitationLegato and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from Legato's shareholders in connection with the proposed Transaction. Information about Legato's directors and executive officers and their ownership of Legato's securities is set forth in Legato's filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed Transaction may be obtained by reading the proxy statement/prospectus regarding the proposed Transaction when it becomes available.Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described in the preceding paragraph.No Offer or SolicitationThis communication not constitute a solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed Transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Legato, Einride or the combined company resulting from the proposed Transaction, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.Investor &amp; Media Contacts Einride Christina Zander Head of Communications +46 728 889 610Einride press@einride.tech Einride@icrinc.comLegato Merger Corp. III Eric Rosenfeld Chief SPAC Officer Legato Merger Corp. III ir@legatomerger.com This information was brought to you by Cision http://news.cision.comhttps://news.cision.com/einride/r/einride-and-legato-merger-corp--iii-announce-confidential-submission-of-draft-registration-statement,c4281778The following files are available for download:<div><table><tbody><tr><td colspan="1" rowspan="1">https://mb.cision.com/Main/22016/4281778/3842248.pdf</td><td colspan="1" rowspan="1">Release</td></tr><tr><td colspan="1" rowspan="1">https://news.cision.com/einride/i/einride-01-2vehicles,c3495960</td><td colspan="1" rowspan="1">Einride 01 2Vehicles</td></tr></tbody></table></div>SOURCE Einride</div></article></div>

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Einride and Legato Merger Corp. III have confidentially submitted a draft registration statement to the SEC for their proposed business combination. This transaction will result in Einride becoming a publicly listed company on the NYSE, expected to close in the first half of 2026. The merger aims to deliver $220 million in gross proceeds to support Einride's technology roadmap and global expansion.

Einride and Legato Merger Corp. III Announce Confidential Submission of Draft Registration Statement on Form F-4 | LEGT Stock News