Overview
- Einride began trading on Nasdaq under the tickers ENRD for shares and ENRDW for warrants on Wednesday, June 10, 2026, after closing its business combination with Legato Merger Corp. III.
- The transaction set a pre-money equity value of roughly $1.35 billion following a downward revision from an earlier $1.8 billion figure announced in November 2025.
- Einride raised $113 million through an oversubscribed PIPE tied to the deal, with backing from new and existing institutional investors including EQT Ventures.
- Regulatory steps that enabled the listing included an SEC Form F-4 filed in April 2026 and a registration statement that became effective in May, and Legato shareholders approved the business combination on June 4, 2026.
- The company brings commercial validation into public markets via customer deployments such as the April 2026 rollout of 75 electric trucks for Amazon, and its public listing could accelerate fleet, software and charging scale while subjecting operations and forecasts to continuous investor scrutiny.