Einride AB ("Einride" or the "Company"), a technology company driving the transition to cost-efficient electric and autonomous freight, and Legato Merger Corp. III (NYSE:LEGT) ("Legato"), a special purpose acquisition company, announced today that on May 14, 2026, the Securities and Exchange Commission ("SEC") declared effective the Registration Statement on Form F-4 ("Registration Statement") filed by the Company with the SEC in connection with Einride and Legato's proposed business combination (the "Transaction").

An Extraordinary General Meeting (the "Extraordinary General Meeting") of Legato shareholders to approve the Transaction is expected to be held at 10:00 am ET on June 4, 2026 for shareholders of record as of May 7, 2026. Every shareholder's vote is important, regardless of the number of shares held. Information about the Extraordinary General Meeting and associated voting procedures are contained in the definitive proxy statement/prospectus filed by Legato with the SEC on May 15, 2026. Security holders are encouraged to carefully review the disclosures and voting information in advance of the Extraordinary General Meeting. If the proposals at the Extraordinary General Meeting are approved, the Transaction is expected to close shortly thereafter, subject to the satisfaction or waiver, as applicable, of all other closing Conditions.

Background Information on the Transaction

On November 12, 2025, Einride and Legato announced that they entered into a definitive business combination agreement that, upon closing, is intended to result in Einride listing its ordinary shares in the form of American Depositary Shares ("ADS") on Nasdaq in the United States under the ticker symbol "ENRD". The transaction values Einride at a pre-money equity value of $1.35 billion and is expected to deliver approximately $300 million in gross proceeds, including a $113 million oversubscribed PIPE capital raise from a group of new and existing