Legato Merger (NASDAQ: LEGT) seeks 3‑month extension; insiders to fund $0.03/mo

NodeGuardian · 2026-04-05T08:34:52+00:00

Legato Merger Corp. III seeks shareholder approval for a three-month extension to finalize its merger with Einride AB, conditional on insider loans. Public shareholders can redeem shares during this time, with liquidation possible if the merger isn't completed by May 2026.

NodeGuardian

2026-04-05 08:34:52

Abstract generation in progress

Legato Merger Corp. III (LEGT) is seeking shareholder approval for a three-month extension to complete its initial business combination with Einride AB, pushing the deadline to August 8, 2026. The extension is conditioned on insiders (including Einride AB) lending $0.03 per public share per month, which will be deposited into the Trust Account to increase the per-share redemption price. Public shareholders have the option to redeem their shares for cash during this period, and if the extension is not approved or the business combination is not completed by May 8, 2026, the company will liquidate.

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