Einride (LEGT) successor files Form 15 to end Legato Merger Corp. III reporting
Filing Impact
Filing Sentiment
Form Type
15-12G
Rhea-AI Filing Summary
Einride Cayman Sub Limited, as successor by merger to Legato Merger Corp. III, submitted a Form 15 certifying termination of Legato Merger Corp. III's registration under Section 12(g) of the Securities Exchange Act of 1934. The notice states the Merger Sub survived a merger with Legato Merger Corp. III and signed the certification on June 23, 2026.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-41945
Ordinary share par value: $0.0001 per share
Warrant exercise price: $11.50 per share
+1 more
4 metrics
Commission File Number
001-41945
Form header
Ordinary share par value
$0.0001 per share
class of securities listed on Form 15
Warrant exercise price
$11.50 per share
redeemable warrants each exercisable for one ordinary share
Certification date
June 23, 2026
signature date on Form 15
Key Terms
Form 15, successor by merger, redeemable warrants, Units
4 terms
Form 15 regulatory
"FORM 15 CERTIFICATION AND NOTICE OF TERMINATION REGISTRATION"
A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.
successor by merger corporate
"Einride Cayman Sub Limited, as successor by merger to Legato Merger Corp. III"
redeemable warrants financial
"Redeemable warrants, each exercisable for one ordinary share at an exercise price of $11.50"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
Units financial
"Units, each consisting of one ordinary share and one-half of one redeemable warrant"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
FAQ
What does Legato Merger Corp. III's Form 15 filing mean for LEGT?
The Form 15 certifies termination of registration under Section 12(g). This means Legato Merger Corp. III's reporting obligations under that section are ended after the merger, as reflected by the successor signing the certification on June 23, 2026.
Who signed the Form 15 following the merger of Legato Merger Corp. III?
The certification was signed by Roozbeh Charli in the capacity of Director for Einride Cayman Sub Limited, acting as successor by merger to Legato Merger Corp. III, on June 23, 2026.
Which classes of securities were covered by the Form 15 for LEGT?
The Form 15 lists ordinary shares (par value $0.0001), redeemable warrants (exercise price $11.50), and units (one ordinary share plus one-half of a warrant) as the classes covered by the filing.
Does the Form 15 indicate any classes remain subject to reporting?
The filing indicates None under the heading for other classes for which a duty to file reports under Section 13(a) or 15(d) remains, reflecting the termination certification signed by the successor entity on June 23, 2026.
What corporate action triggered the Form 15 for LEGT?
The Form 15 follows a merger in which Legato Merger Corp. III merged into Einride Cayman Sub Limited, with Merger Sub surviving and becoming a wholly-owned subsidiary of Einride AB, prompting the successor to certify termination of registration.