Legato Merger Corp. III (LEGT) and Einride said Monday they have submitted a draft registration statement on Form F-4 with the US Securities and Exchange Commission regarding the proposed business combination between Legato Merger and Einride.

The proposed combination, which was announced last month, is expected to result in about $220 million in gross proceeds, which will be applied towards Einride's business expansion, the companies said.

The deal is slated to close in H1 2026 and remains subject to approval by Legato shareholders and the registration statement being declared effective by the SEC, along with other customary closing conditions, the companies said.