Legato Merger Corp. III and Einride AB announced an amendment to their Business Combination Agreement (BCA), reducing Einride's equity value from $1.8 billion to $1.35 billion. Einride secured an oversubscribed Private Investment in Public Equity (PIPE) financing of approximately $113 million gross proceeds from new and existing investors, including a global asset management company and EQT Ventures. Total financing committed in connection with the transaction, including the PIPE and Einride's previously announced $100 million crossover financing, now aggregates approximately $213 million. Investors in the PIPE will receive warrants to purchase an aggregate of 18,353,130 American Depositary Shares (ADSs) at an exercise price of $10.90 per ADS, expiring five years after issuance. The warrant exercise price is subject to a one-time adjustment: if the VWAP of ADSs is less than $10.90 on the 21st trading day following the six-month anniversary of the Registration Statement's effective date, the exercise price will be reduced to the greater of the Measurement Price and $5.00. Additional warrants will be issued to investors who beneficially own at least 50% of their originally subscribed ADSs on the 24-month anniversary of the Closing Date, entitling them to purchase 50% of the original ADS number. Certain initial Legato shareholders will transfer 553,471 founder shares to one investor, and Einride will issue an additional 1,400,000 ADSs to another investor.