MergerJun 10, 2026, 04:53 PM
Einride Completes $1.35B Business Combination; Nasdaq Debut
AI Summary
Einride AB announced the completion of its business combination with Legato Merger Corp. III. Following the transaction, Einride's American depository shares and warrants commenced trading on Nasdaq under the ticker symbols "ENRD" and "ENRDW" on June 10, 2026. The deal valued Einride at approximately $1.35 billion pre-money equity value and included a $113 million PIPE financing. The company, a leader in autonomous and electric freight, targets a $4.6 trillion total addressable market and has a pipeline exceeding $800 million in opportunities.
Key Highlights
- Completed business combination with Legato Merger Corp. III.
- Began trading on Nasdaq under "ENRD" and "ENRDW" on June 10, 2026.
- Transaction valued Einride at approximately $1.35 billion pre-money equity value.
- Raised $113 million through an oversubscribed PIPE financing.
- Has a pipeline exceeding $800 million in opportunities.
- Targets a $4.6 trillion total addressable market.
- Serves 30 global customers across North America, Europe, and the Middle East.
Price Impact