LEGT
Legato Merger Corp. III10.82
-0.01-0.05%
Dec 16, 3:13:15 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
279.15MP/E (TTM)
32.79Basic EPS (TTM)
0.33Dividend Yield
0%Recent Filings
8-K
Einride valuation cut, PIPE secured
Legato Merger Corp. III amended its business combination agreement with Einride on February 26, 2026, slashing Einride's equity value from $1.8B to $1.35B. Yet it locked in an oversubscribed $113.3M PIPE from accredited investors for 12.2M ADSs plus warrants exercisable at $10.90. Cash bolsters Einride's merger runway.
10-K
FY2025 results
Legato Merger Corp. III, a blank check company, reported FY2025 ended November 30, 2025 net income of $7.9M, driven by $8.9M interest from its $219M Trust Account, offset by $1.0M operating costs—yet no revenue, as it hunts a merger target. Q4 momentum stayed steady with Trust accretion to $10.87/share from $10.44 at FY2024 end, fueled by yields on U.S. Treasuries. Cash outside Trust dipped to $0.8M amid G&A burn. No buybacks, dividends, or capex; $7.0M deferred underwriting awaits deal close. Signed November 12, 2025 Business Combination Agreement with Einride AB, targeting Q1 2026 close. Failure to merge by May 8, 2026 triggers liquidation.
8-K
Legato-Einride merger announced
Legato Merger Corp. III signed a business combination agreement with Einride AB on November 12, 2025, for Legato to merge into Einride's Cayman sub, with Legato shareholders receiving one Einride common share per Legato share, issued as ADSs. Closing is targeted for Q1 2026, pending approvals and conditions, including NYSE listing. Lock-ups secure 90% of Einride shares; SPAC founders forfeit shares proportional to redemptions. Redemptions pose key risk.
10-Q
Q3 FY2026 results
Legato Merger Corp. III posted Q3 net income of $2.0M for the quarter ended August 31, 2025, down from $2.6M y/y yet lifting nine-month total to $6.1M (up 5% y/y), fueled by $2.3M Trust interest while G&A dipped to $269K from $285K. Trust swelled to $217M at $10.77/share, up from $210M at $10.44 six months prior; cash outside Trust holds $1.1M. No debt or Working Capital Loans. No business combination yet. Clock ticks toward February 2026 deadline.
10-Q
Q2 FY2025 results
Legato Merger Corp. III posted a Q2 net income of $2.1M, down from $2.7M y/y yet lifted by $2.2M Trust interest while G&A dipped to $167k from $186k. Six-month net income hit $4.1M versus $3.2M y/y, with Trust balance swelling to $214.5M at $10.66/share from $210.1M. Cash outside Trust sits at $1.3M; $7.0M deferred underwriting looms. No debt. Trust funds third-party claims.
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