Einride AB ("Einride" or the "Company"), a technology company driving the transition to cost-efficient electric and autonomous freight operations, and Legato Merger Corp. III (NYSE:LEGT) ("Legato"), a publicly traded special purpose acquisition company, today announced that Legato's shareholders voted to approve the previously announced business combination between Einride and Legato and the related matters (the "Transaction") at a special meeting of shareholders held on June 4, 2026 (the "Special Meeting"). A Current Report on Form 8-K disclosing the full voting results will be filed by Legato with the Securities and Exchange Commission.

The Transaction values Einride at a pre-money equity value of $1.35 billion. As previously announced, Einride raised $113 million through an oversubscribed PIPE financing in connection with the Transaction. The PIPE was supported by new and existing investors, including Stockholm-based EQT Ventures and a global asset management company based on the West Coast of the United States.

"At Einride, we are redesigning the way freight moves. We are building the world's most efficient freight network and going public gives us the platform to deploy our electric and autonomous technologies at the speed this market demands," said Roozbeh Charli, Chief Executive Officer at Einride.

Einride, which is driving the transition to cost-efficient electric and autonomous freight operations for large shippers across the U.S., Europe, and the Middle East, currently counts more than 30 enterprise customers across seven countries, with approximately $92 million in expected annual recurring revenue (ARR) from signed contracts and over $800 million in potential long-term ARR through joint business plans with blue-chip customers.

Upon the completion of the Transaction, the combined company's ordinary shares, represented by American Depositary Shares, and warrants are expected to commence trading on the Nasdaq under the ticker symbol "ENRD" and "ENRDW," respectively.