Filed by Einride AB
Pursuant to Rule 425 under the Securities Act
of 1933,
as amended, and deemed filed under Rule 14a-12
under the Securities Exchange Act of 1934, as
amended
Subject Company: Legato Merger Corp. III
Commission File No.: 001-41945
Set forth below is a press release published by Einride AB on
March 12, 2026.
Einride to Host Analyst and Investor Day on March 19 as Company
Advances Toward U.S. Public Market Listing
STOCKHOLM, SWEDEN – March 12, 2026 – Einride AB
(“Einride” or the “Company”), a technology company driving the transition to cost-efficient electric and autonomous
freight operations for some of the world’s largest shippers, will host a presentation for analysts and investors on Thursday, March
19, 2026. The event is part of Einride’s ongoing process toward a U.S. public market listing in the first half of 2026, supported
by the recently announced $113 million oversubscribed capital raise in connection with the Company’s proposed business combination with
Legato Merger Corp. III (NYSE American: LEGT).
The presentation will be broadcast live from Austin, Texas, the Company’s
U.S. headquarters, and can be accessed here. The event will spotlight Einride’s proprietary electric and autonomous freight technology
and its strategy for large-scale commercialization, with a primary focus on the significant growth opportunities in the U.S. market. The
event will also showcase Einride’s relationship with GE Appliances, one of the Company’s top customers.
Speakers:
| ● | Roozbeh Charli - Chief Executive Officer, Einride |
| ● | Anubahv Verma - Chief Financial Officer, Einride |
| ● | Henrik Green - Chief Technology Officer, Einride |
| ● | Harry Chase - Senior Director Central Materials at GE Appliances |
Event Details:
| ● | Time: 12:00 PM Central Time (18:00 Central European Time) |
| ● | Location: Live webcast from Austin, Texas |
| ● | Registration: https://icr.swoogo.com/Einride/register?reg_type_id=1127065 |
Limited slots are available for in-person participation, which will
include a viewing of Einride’s cab-less vehicle and the Company’s operations with GE Appliances in Selmer, Tennessee. In-person attendance
is open to equity research analysts and institutional investors. Interested parties are encouraged to reach out directly to secure an
in-person slot, while all others are encouraged to register for the webcast in advance.
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.
On November 12, 2025, Einride and Legato announced they had entered
into a definitive business combination agreement for a proposed business combination that would result in Einride becoming a NYSE-listed
public company. The Transaction was unanimously approved by the Boards of Directors of Legato and Einride. Completion of the Transaction
is anticipated to occur in the first half of 2026 subject to customary closing conditions, including regulatory approvals.
About Legato Merger Corp. III:
Legato is a blank check company organized
for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more
businesses or entities.
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 proposed Transaction
with Legato and Einride’s expected and potential ARR, as applicable. 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 Legato, 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) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect
to the Transaction; (2) the outcome of any legal proceedings that may be instituted against Legato, Einride, the combined company or others
following the announcement of the Transaction and any definitive agreements with respect thereto; (3) the amount of redemption requests
made by Legato public shareholders and the inability to complete the Transaction due to the failure to obtain approval of the shareholders
of Legato, to obtain financing to complete the Transaction or to satisfy other conditions to closing; (4) risks related to the scaling
of the Company’s business and the timing of expected business milestones; (5) the ability to meet stock exchange listing standards following
the consummation of the Transaction; (6) the risk that the Transaction disrupts current plans and operations of the Company as a result
of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the business combination,
which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Transaction; (9) risks
associated with changes in laws or regulations applicable to the Company’s solutions and services and the Company’s international operations;
(10) the possibility that the Company or the combined company may be adversely affected by other economic, geopolitical, business, and/or
competitive factors; (11) supply shortages in the materials necessary for the production of Einride’s solutions; (12) negative perceptions
or publicity of the Company; (13) risks related to working with third-party manufacturers for key components of Einride’s solutions; (14)
the termination or suspension of any of Einride’s contracts or the reduction in counterparty spending; and (15) the ability of Einride
or the combined company to issue equity or equity- linked securities in connection with the proposed business combination or 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 that will be described
in the “Risk Factors” section of the Company’s registration statement on Form F-4 to be filed by the Company with the U.S. Securities
and Exchange Commission (the “SEC”), and other documents filed by the Company and/or Legato 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 and Legato assume no obligation and do 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. Neither
the Company nor Legato gives any assurance that either the Company or Legato will achieve its expectations. The inclusion of any statement
in this communication does not constitute an admission by the Company or Legato or any other person that the events or circumstances described
in such statement are material.
Additional Information and Where to Find
It
In connection with the Transaction, the Company
intends to file a registration statement on Form F-4 with the SEC that will include a proxy statement of Legato and a prospectus of the
Company. After the registration statement is declared effective, the definitive proxy statement/prospectus will be sent to all Legato
shareholders as of a record date to be established for voting on the proposed Transaction. Legato also will file other documents regarding
the proposed Transaction with the SEC. This communication does not contain all the information that should be considered concerning the
proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Transaction.
Before making any voting or investment decision, investors and shareholders of Legato are urged to read the registration statement, the
proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed Transaction
as they become available because they will contain important information about the proposed Transaction. Investors and shareholders will
be able to obtain free copies of the registration statement, proxy statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by Legato through the website maintained by the SEC at www.sec.gov. In addition, the documents
filed by Legato may be obtained by written request to Legato at Legato Merger Corp. III, 777 Third Avenue, 37th Floor, New York, NY 10017.
Participants in the Solicitation
Legato and the Company and their respective
directors and officers may be deemed to be participants in the solicitation of proxies from Legato’s shareholders in connection with the
proposed Transaction. Information about Legato’s directors and executive officers and their ownership of Legato’s securities is set forth
in Legato’s filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed
participants in the proposed Transaction may be obtained by reading the proxy statement/prospectus regarding the proposed Transaction
when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully
when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents as described
in the preceding paragraph.
No Offer or Solicitation
This communication not constitute a solicitation
of any proxy, vote, consent or approval in any jurisdiction in connection with the proposed Transaction and shall not constitute an offer
to sell or a solicitation of an offer to buy the securities of Legato, Einride or the combined company resulting from the proposed Transaction,
nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of the Securities Act. This communication is restricted by law; it is not intended for
distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.
Investor & Media Contacts
Einride
Christina Zander
Head of Communications Einride
press@einride.tech
Einride@icrinc.com
Legato Merger Corp. III
Eric Rosenfeld
Chief SPAC Officer
Legato Merger Corp. III
ir@legatomerger.com
