/The%20logo%20and%20website%20for%20Einride%20displayed%20on%20a%20smartphone%20screen%20by%20Timon%20via%20Adobe%20Stock.jpeg)
Swedish electric and autonomous freighter Einride (ENRD) just went public on the Nasdaq upon completion of a business combination with Legato Merger Corp. III. According to earlier transaction announcements, Einride was initially expected to combine at an implied valuation of around $1.8 billion. However, final regulatory filings show the business combination closed at a revised pre-money equity value of approximately $1.35 billion, showing post-adjustment terms agreed ahead of completion.
The deal also included about $113 million in PIPE financing, provided alongside the SPAC merger to support the company’s balance sheet and expansion plans.
