LEGT holders should monitor the conversion terms and receipt of Einride ADS and warrants. The delisting eliminates LEGT's public float and trading — any remaining position will convert to the new Einride security. Watch for Einride's first public financials as a combined entity to evaluate the post-deal valuation.
Price Chart
Executive Summary
Legato Merger Corp. III (LEGT) is being delisted from NYSE American effective June 22, 2026, following the completion of its business combination with Einride AB on June 9, 2026. All LEGT shares, warrants, and units are being cancelled and exchanged for Einride AB ordinary shares (via ADS) and Einride warrants, effectively ending LEGT's life as a standalone SPAC.
Key Facts
- Business combination between Legato Merger Corp. III and Einride AB became effective on June 9, 2026.
- Each LEGT ordinary share is cancelled and exchanged for one Einride AB ordinary share in the form of one Einride ADS.
- Each LEGT redeemable warrant is converted into the right to receive one Einride warrant (exercise price $11.50).
- LEGT units automatically separate into component securities and will no longer trade as a separate security.
- Securities suspended from trading before market open on June 10, 2026; delisting effective June 22, 2026.
- NYSE American filed Form 25-NSE under Rule 12d2-2(a)(3) — securities replaced by other securities representing only the right to receive an immediate cash payment.
Financial Impact
The delisting and share exchange represents a fundamental recapitalization of LEGT into Einride AB. No cash value stated — LEGT holders receive Einride ADS and warrants in a transformative event that ends LEGT's SPAC structure.
Risk Factors
- No further liquidity in LEGT; all positions convert to Einride ADS/warrants with potentially different trading characteristics.
- Post-combination Einride valuation and execution risk — no financial details provided in this filing about Einride's business or financial health.
- Suspension of trading before market open June 10 means no exit at the SPAC level for non-converting holders.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0001143313-26-000030 |
| Document: 0001143313-26-000030-index.html | 0001143313-26-000030 |
| Document: 0001143313-26-000030.txt | 0001143313-26-000030 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 25-NSE | $12.00 | awaiting T+20 | — | — |
May 15, 2026 23w ago | DEFM14A | — | awaiting T+20 | — | — |
May 6, 2026 24w ago | 425 | — | awaiting T+20 | — | — |
Apr 13, 2026 28w ago | 10-K/A | — | awaiting T+20 | — | — |
Mar 31, 2026 30w ago | Press Release | $10.99 $11.05 | ▼ −0.55% | ▲ +8.88% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers