07:05 AM EST, 11/12/2025 (MT Newswires) -- Swedish freight technology firm Einride said Wednesday that it will become a NYSE-listed public company through a merger with blank-check firm Legato Merger Corp III ( LEGT ) , valuing Einride at $1.8 billion in pre-money equity value.

The company said the deal, expected to close in H1 of next year, is projected to provide about $219 million in gross proceeds.

Einride said it is also seeking up to $100 million in private investment in public equity capital, supplementing $100 million raised this year from existing and new institutional investors, including EQT Ventures, NordicNinja, and a West Coast US asset manager.

Post-merger, Einride said its shareholders are expected to hold 83% of the combined company, with the current management team continuing to lead.