STOCK TITAN

Einride (Nasdaq: ENRD) closes Legato merger and raises $113M PIPE

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Einride AB has completed its business combination with Legato Merger Corp. III and begun trading on Nasdaq. The deal valued Einride at a pre-money equity value of about $1.35 billion. Einride’s American Depositary Shares trade under the symbol ENRD and its warrants under ENRDW.

In connection with the transaction, Einride raised $113 million through an oversubscribed PIPE financing backed by new and existing investors, including EQT Ventures. The company highlights a portfolio of 30 global customers, a Joint Business Plan opportunity pipeline above $800 million, and a targeted total addressable freight market of $4.6 trillion.

Positive

  • Completed Nasdaq listing with SPAC business combination and PIPE raise – Einride closed its business combination with Legato Merger Corp. III, achieved a pre-money equity value of about $1.35 billion, and raised $113 million in an oversubscribed PIPE, strengthening its capital base as it enters U.S. public markets.

Negative

  • None.

Insights

Einride closes SPAC merger, raises $113M and lists on Nasdaq.

Einride completed its business combination with Legato Merger Corp. III, entering U.S. public markets with a pre-money equity value of about $1.35 billion. Its American Depositary Shares and warrants now trade on Nasdaq under ENRD and ENRDW.

The company raised an oversubscribed PIPE of $113 million, supported by investors such as EQT Ventures. Einride cites 30 global customers, a Joint Business Plan opportunity pipeline exceeding $800 million, and a targeted total addressable market of $4.6 trillion in freight.

This combination of fresh capital, public listing status on the Nasdaq Global Market and Nasdaq Capital Market, and a defined growth pipeline provides a larger platform for scaling its autonomous and electric freight offerings, though execution will depend on converting its stated pipeline and navigating the risk factors described in its SEC filings.

Pre-money equity value $1.35 billion Valuation of Einride in the business combination with Legato
PIPE financing raised $113 million Oversubscribed PIPE in connection with the transaction
Opportunity pipeline Over $800 million Joint Business Plan opportunities with customers
Total addressable market $4.6 trillion Targeted freight market for Einride’s solutions
Global customers 30 customers Portfolio of global shippers across multiple sectors
Ticker symbols ENRD and ENRDW ADS and warrants listed on Nasdaq markets
PIPE financing financial
"Einride raised $113 million through an oversubscribed PIPE financing in connection with the Transaction."
Pipe financing is a way for companies to raise money quickly by selling new shares or bonds directly to investors, often before their stock is publicly traded or in the early stages of a project. It’s similar to a company securing a loan from investors, providing quick capital needed for growth or operations. For investors, it can offer opportunities for early involvement and potentially higher returns, but it may also carry increased risk due to the immediate nature of the deal.
American depository shares financial
"Einride’s American depository shares and warrants are expected to begin trading on Nasdaq under the ticker symbols “ENRD” and “ENRDW”."
American depository shares are U.S.-listed securities that stand in for a foreign company’s ordinary shares, held by a U.S. bank which issues the ADS so investors can trade the foreign stock in U.S. dollars and on U.S. exchanges. Think of them like a locally wrapped version of a foreign product—easier to buy and sell at home—but they still carry risks from currency differences, foreign rules and potential limits on voting rights, so they affect access, liquidity and investment risk.
total addressable market financial
"targeting a $4.6 trillion total addressable market."
Total addressable market is the total potential sales opportunity for a product or service if it were to reach every possible customer. It helps investors understand the maximum size of the market and the growth potential for a business. Think of it as the entire pie available to be shared, indicating how big the opportunity could be.
Freight-Capacity-as-a-Service (FCaaS) financial
"This includes Freight-Capacity-as-a-Service (FCaaS), providing end-to-end autonomous and electric shipping solutions"
Software-as-a-Service (SaaS) financial
"and Software-as-a-Service (SaaS), through which Einride licenses its technology to third-party operators, OEMs, and defense organizations."
Software-as-a-service (SaaS) is a way of delivering software over the internet where customers pay a subscription to use applications hosted and maintained by a provider, like renting a tool or streaming a service rather than buying and installing it. For investors it matters because subscriptions create predictable, recurring revenue and can scale quickly with low distribution costs, while metrics like customer retention and churn directly affect future cash flow and valuation.
autonomous and electric freight technical
"a technology company driving the transition to cost-efficient autonomous and electric freight"
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number: 001-43336

 

 

 

Einride AB

(Translation of registrant’s name into English)

 

 

 

Stadsgården 6

116 45 Stockholm
Sweden

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release – Einride, a Global Leader in Electric and Autonomous Freight, Completes Business Combination and will Begin Trading on Nasdaq Stock Market
99.2   Press Release – Einride, a Global Leader in Autonomous and Electric Freight, Commences Trading on Nasdaq Under Tickers “ENRD” and “ENRDW”

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  EINRIDE AB
Date: June 10, 2026  
  /s/ Viveka Linander Waldenor
  Name: Viveka Linander Waldenor
  Title: General Counsel

 

2

 

Exhibit 99.1

 

Einride, a Global Leader in Autonomous and Electric Freight, Completes Business Combination and Will Begin Trading on Nasdaq Stock Market

 

Einride American Depositary Shares and warrants to trade on Nasdaq under the symbols “ENRD” and “ENRDW” respectively

 

NEW YORK, NY & STOCKHOLM, SWEDEN – June 9, 2026 – Einride AB (“Einride” or the “Company”), a technology company driving the transition to cost-efficient autonomous and electric freight, today announced the closing of its previously announced business combination (the Transaction”) with Legato Merger Corp. III (“Legato”), which was approved by Legato shareholders at an extraordinary general meeting on June 4, 2026.

 

In connection with the closing of the business combination, Einride’s American depository shares and warrants are expected to begin trading on Nasdaq under the ticker symbols “ENRD” and “ENRDW”, respectively, on June 10, 2026.

 

The Transaction valued Einride at a pre-money equity value of approximately $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.

 

TD Cowen served as the lead financial and capital markets advisor to Einride and acted as lead placement agent on the PIPE. BTIG, LLC also served as capital markets advisor to Legato and as co-placement agent on the PIPE. Legal counsel for Einride was provided by DLA Piper LLP (US), Advokatfirma DLA Piper Sweden KB, and Conyers Dill & Pearman LLP. Graubard Miller, Lindskog Malmström Advokatbyrå AB, and Appleby (Cayman) Ltd. served as legal counsel to Legato. Greenberg Traurig, LLP served as legal counsel to the placement agents.

 

About Einride

 

Founded 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.

 

Forward-Looking Statements

 

This communication contains certain “forward-looking statements” within the meaning of U.S. federal securities laws including, but not limited to, statements regarding the Company’s expected listing on Nasdaq. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions available to the Company, 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) risks related to the scaling of the Company’s business and the timing of expected business milestones; (2) the ability to meet stock exchange listing standards following the consummation of the Transaction; (3) the risk that the Transaction disrupts current plans and operations of the Company as a result of the consummation of the Transaction; (4) the ability to recognize the anticipated benefits of the Transaction, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) costs related to the Transaction; (6) risks associated with changes in laws or regulations applicable to operations; (7) the possibility that the Company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (8) supply shortages in the materials necessary for the production of Einride’s solutions; (9) negative perceptions or publicity of the Company; (10) risks related to working with third-party manufacturers for key components of Einride’s solutions; (11) the termination or suspension of any of Einride’s contracts or the reduction in counterparty spending; and (12) the ability of Einride to issue securities 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 described in the “Risk Factors” section of the Company’s Registration Statement, and other documents filed by the Company 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 assumes no obligation and does 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.

 

Investor & Media Contacts

 

Einride

Christina Zander

Head of Communications Einride

press@einride.tech

Einride@icrinc.com

 

 

 

Exhibit 99.2

 

Einride, a Global Leader in Autonomous and Electric Freight, Commences Trading on Nasdaq Under Tickers “ENRD” and “ENRDW”

 

NEW YORK, NY & STOCKHOLM, SWEDEN - June 10, 2026 - Einride AB (Nasdaq: ENRD) (“Einride” or the “Company”), a technology company driving the transition to cost-efficient electric and autonomous freight, announced today that its American depository shares and warrants began trading on the Nasdaq Global Market and Nasdaq Capital Market, respectively. under the ticker symbols “ENRD” and “ENRDW”, respectively.

 

To mark the Company’s public market debut, Einride leadership is celebrating by ringing the Nasdaq Opening Bell at MarketSite in Times Square. The live broadcast of the Nasdaq Opening Bell ceremony is available at nasdaq.com/marketsite/bell-ringing-ceremony. Images can be found here.

 

Founded in Stockholm in 2016, Einride has spent a decade building the technology platform, operational infrastructure, and customer relationships to make large-scale electric and autonomous freight a reality. The Company’s customers include some of the world’s largest shippers across FMCG, food, and industrial verticals. With a portfolio of 30 global customers, comprehensive operational data integrations, and a pipeline exceeding $800 million in opportunities through its Joint Business Plans, Einride enters the public markets with a proven, scalable platform targeting a $4.6 trillion total addressable market.

 

“Over the past decade, Einride has built the technology and the customer base to lead the transition to autonomous and electric freight. Our focus now is clear: continue expanding with our customers and increase automation within their networks, demonstrating that every mile we run makes the entire network more efficient,” said Roozbeh Charli, Chief Executive Officer, Einride.

 

“Einride started with the simple idea that freight could be done differently, and better. Today’s listing marks an important milestone for Einride and reflects the strength of the technology platform, the trust of our customers, and the work our team has done to build and scale a modern freight technology business,” said Robert Falck, Founder and Executive Chairman, Einride.

 

Einride’s business model is engineered to capture value across the entire freight ecosystem. This includes Freight-Capacity-as-a-Service (FCaaS), providing end-to-end autonomous and electric shipping solutions, and Software-as-a-Service (SaaS), through which Einride licenses its technology to third-party operators, OEMs, and defense organizations. This approach provides multiple pathways for growth as global adoption accelerates. At the core of this ecosystem is Saga, Einride’s proprietary AI platform, which optimizes freight operations by simultaneously integrating vehicle telemetry, charging infrastructure, routing, and demand data across the global network.

 

“Einride’s technology is already operating at scale, supported by deep customer relationships and a vision for the future of freight that is backed by a decade of disciplined execution,” added Eric Rosenfeld, former Chief SPAC Officer of Legato Merger Corp. III (“Legato”) and a director of Einride. “We are proud to have partnered with the Einride team to bring this transformative opportunity to the public markets.”

 

 

 

 

Investor Commentary

 

“Einride saw where freight was heading long before the rest of the industry did; electric, autonomous and software-defined,” said Ted Persson, partner at EQT Ventures and a director of Einride. “Over the past decade, the team has turned that vision into a company operating across continents. This listing is a testament to their long-term vision and execution, and a great example of a European technology company scaling onto the global stage. We’re proud to be part of their journey.”

 

“Einride wasn’t improving freight, it was redrawing the map of road transportation. We backed that ambition early because, while others saw an autonomous-electric transport company, we saw the foundations of a next-generation AI freight platform,” Marek Kiisa, Co-Founder and General Partner, NordicNinja, Europe’s largest Japan-backed venture capital fund. “The leadership team had the vision and engineering discipline to turn science fiction into reality, and today’s milestone reflects years of relentless execution.”

 

Advisors

 

TD Cowen served as the lead financial and capital markets advisor to Einride. TD Cowen and BTIG, LLC acted as placement agents to Einride. BTIG, LLC also served as capital markets advisor to Legato. DLA Piper LLP (US), Advokatfirma DLA Piper Sweden KB, and Conyers Dill & Pearman LLP served as legal counsel to Einride. Graubard Miller, Lindskog Malmström Advokatbyrå AB, and Appleby (Cayman) Ltd. served as legal counsel to Legato. Greenberg Traurig, LLP served as legal counsel to the placement agents.

 

About Einride

 

Founded in Stockholm in 2016, Einride (Nasdaq: ENRD) is a technology leader driving the transition to sustainable, cost-efficient autonomous and electric freight operations. The Company’s platform integrates AI-powered freight intelligence, proprietary autonomous technology, and one of the world’s largest electric heavy-duty fleets. Einride serves a global customer base across North America, Europe, and the Middle East through a dual business model encompassing Freight-Capacity-as-a-Service (FCaaS) and a Software-as-a-Service (SaaS) platform.

 

Forward-Looking Statements

 

This communication contains certain “forward-looking statements” within the meaning of U.S. federal securities laws including, but not limited to, statements regarding Einride’s expected and potential ARR and estimated total addressable market. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions available to the Company, 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) risks related to the scaling of the Company’s business and the timing of expected business milestones; (2) the ability to meet stock exchange listing standards following the business combination; (3) the risk that the business combination disrupts current plans and operations of the Company as a result of the consummation of the business combination; (4) the ability to recognize the anticipated benefits of the business combination,

 

2

 

 

which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (5) costs related to the business combination; (6) risks associated with changes in laws or regulations applicable to the Company’s solutions and services and the Company’s international operations; (7) the possibility that the Company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (8) supply shortages in the materials necessary for the production of Einride’s solutions; (9) negative perceptions or publicity of the Company; (10) risks related to working with third-party manufacturers for key components of Einride’s solutions; (11) the termination or suspension of any of Einride’s contracts or the reduction in counterparty spending; (12) the ability of Einride to issue securities in the future; and (13) the ability of the Company to achieve its potential long-term ARR under its joint business plans with customers.

 

Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties that are described in the “Risk Factors” section of the Company’s Registration Statement on Form F-4 filed by the Company with U.S. Securities and Exchange Commission (the “SEC”), and other documents filed by the Company 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 assumes no obligation and does 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.

 

Investor & Media Contacts

 

Einride

Christina Zander

Head of Communications Einride

press@einride.tech

Einride@icrinc.com

 

3

FAQ

What did Einride (ENRD) announce in this Form 6-K filing?

Einride announced it completed its business combination with Legato Merger Corp. III and that its American Depositary Shares and warrants began trading on Nasdaq under the ticker symbols ENRD and ENRDW, marking the company’s public market debut in the United States.

What valuation and capital raise are disclosed for Einride (ENRD)?

The transaction valued Einride at a pre-money equity value of approximately $1.35 billion. In connection with the business combination, the company raised $113 million through an oversubscribed PIPE financing supported by new and existing investors, including Stockholm-based EQT Ventures.

On which Nasdaq markets do Einride’s ENRD and ENRDW securities trade?

Einride states that its American Depositary Shares trade on the Nasdaq Global Market under the ticker ENRD, while its warrants trade on the Nasdaq Capital Market under the ticker ENRDW, providing separate listings for equity and warrant investors in the company.

How large is Einride’s customer base and opportunity pipeline?

Einride reports a portfolio of 30 global customers across FMCG, food, and industrial sectors. It cites comprehensive operational data integrations and a Joint Business Plan opportunity pipeline exceeding $800 million, reflecting contracted and targeted opportunities within its freight technology ecosystem.

What total addressable market does Einride (ENRD) target?

Einride describes its target total addressable market as approximately $4.6 trillion in freight. This figure reflects the company’s focus on large-scale autonomous and electric freight operations across North America, Europe, and the Middle East using its FCaaS and SaaS business models.

What is Einride’s business model after its Nasdaq listing?

Einride operates a dual model: Freight-Capacity-as-a-Service, offering end-to-end autonomous and electric shipping, and Software-as-a-Service, licensing its AI-powered Saga platform to third-party operators, OEMs, and defense organizations. This structure is intended to capture value across multiple parts of the freight ecosystem.

Filing Exhibits & Attachments

2 documents