Einride to go public via SPAC through merger with Legato Merger Corp. III

Swedish-based Einride announced Wednesday plans to go public via a special purpose acquisition company through a merger with Legato Merger Corp. III. The company, headquartered in Stockholm, specializes in both electric and self-driving vehicles. The transaction, which values Einride at $1.8 billion in pre-money equity, is expected to provide approximately $219 million in gross proceeds before accounting for potential redemptions and transaction expenses. Founded in 2016 and headquartered in Stockholm, Ei ...