Technology
Legato Merger Corp. III Shareholders Approve Business Combination with Einride
Published
3 months agoon
By
Combined Company Expected to Begin Trading on Nasdaq Under Ticker Symbol “ENRD”
NEW YORK and STOCKHOLM, June 5, 2026 /PRNewswire/ — Einride AB (“Einride” or the “Company”), a technology company driving the transition to cost-efficient electric and autonomous freight operations, and Legato Merger Corp. III (NYSE American: LEGT) (“Legato”), a publicly traded special purpose acquisition company, today announced that Legato’s shareholders voted to approve the previously announced business combination between Einride and Legato and the related matters (the “Transaction”) at a special meeting of shareholders held on June 4, 2026 (the “Special Meeting”). A Current Report on Form 8-K disclosing the full voting results will be filed by Legato with the Securities and Exchange Commission.
The Transaction values Einride at a pre-money equity value of $1.35 billion. As previously announced, Einride raised $113 million through an oversubscribed PIPE financing in connection with the Transaction. The PIPE was supported by new and existing investors, including Stockholm-based EQT Ventures and a global asset management company based on the West Coast of the United States.
“At Einride, we are redesigning the way freight moves. We are building the world’s most efficient freight network and going public gives us the platform to deploy our electric and autonomous technologies at the speed this market demands,” said Roozbeh Charli, Chief Executive Officer at Einride.
Einride, which is driving the transition to cost-efficient electric and autonomous freight operations for large shippers across the U.S., Europe, and the Middle East, currently counts more than 30 enterprise customers across seven countries, with approximately $92 million in expected annual recurring revenue (ARR) from signed contracts and over $800 million in potential long-term ARR through joint business plans with blue-chip customers.
Upon the completion of the Transaction, the combined company’s ordinary shares, represented by American Depositary Shares, and warrants are expected to commence trading on the Nasdaq under the ticker symbol “ENRD” and “ENRDW,” respectively.
About Einride
Founded in 2016, Einride is a technology company that develops and operates digital, electric, and autonomous freight solutions, accelerating the transition to future-proofed transportation. Its technology platform includes AI-powered planning and optimization, autonomous technologies, one of the world’s largest electric heavy-duty fleets, and charging infrastructure. Einride serves customers across North America, Europe, and the Middle East.
About Legato Merger Corp. III:
Legato is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition or other similar business combination with one or more businesses or entities.
Forward-Looking Statements
This communication contains certain “forward-looking statements” within the meaning of U.S. federal securities laws including, but not limited to, statements regarding the additional investments and Transaction. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions available to the Company and Legato, and, as a result, are subject to risks and uncertainties. Any such expectations and assumptions, whether or not identified in this communication, should be regarded as preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the Transaction; (2) the outcome of any legal proceedings that may be instituted against Legato, Einride, the combined company or others following the announcement of the Transaction and any definitive agreements with respect thereto; (3) The inability to complete the Transaction due to the failure to satisfy conditions to closing the Transaction; (4) risks related to the scaling of the Company’s business and the timing of expected business milestones; (5) the ability to meet stock exchange listing standards following the consummation of the Transaction; (6) the risk that the Transaction disrupts current plans and operations of the Company as a result of the announcement and consummation of the Transaction; (7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Transaction; (9) risks associated with changes in laws or regulations applicable to operations; (10) the possibility that the Company or the combined company may be adversely affected by other economic, geopolitical, business, and/or competitive factors; (11) supply shortages in the materials necessary for the production of Einride’s solutions; (12) negative perceptions or publicity of the Company; (13) risks related to working with third-party manufacturers for key components of Einride’s solutions; (14) the termination or suspension of any of Einride’s contracts or the reduction in counterparty spending; and (15) the ability of Einride or the combined company to issue equity or equity- linked securities in connection with the business combination or in the future.
Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s registration statement on Form F-4 (“Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”), and other documents filed by the Company and/or Legato from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward- looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this communication are qualified by these cautionary statements. The Company and Legato assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law. Neither the Company nor Legato gives any assurance that either the Company or Legato will achieve its expectations. The inclusion of any statement in this communication does not constitute an admission by the Company or Legato or any other person that the events or circumstances described in such statement are material.
Additional Information and Where to Find It
In connection with the Transaction, the Company filed the Registration Statement, including a preliminary proxy statement/prospectus, which was declared effective by the SEC on May 14, 2026. This communication does not contain all the information that should be considered concerning the Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Transaction. Before making any investment decision, investors and shareholders of Legato are urged to read the Registration Statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the Transaction as they become available because they will contain important information about the Transaction. Investors and shareholders will be able to obtain free copies of the Registration Statement, proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by the Company or Legato through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by Legato may be obtained by written request to Legato at Legato Merger Corp. III, 777 Third Avenue, 37th Floor, New York, NY 10017.
No Offer or Solicitation
This communication does not constitute an offer to sell or a solicitation of an offer to buy the securities of Legato, Einride or the combined company resulting from the Transaction, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction in where such distribution or use would be contrary to local law or regulation.
CONTACT:
Investor & Media Contacts
Einride
Christina Zander
Head of Communications Einride
press@einride.tech
Einride@icrinc.com
Legato Merger Corp. III
Eric Rosenfeld
Chief SPAC Officer
Legato Merger Corp. III
ir@legatomerger.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/22016/4358336/4136420.pdf
Release
https://news.cision.com/einride/i/austinautonomous,c3544386
AustinAutonomous
View original content:https://www.prnewswire.co.uk/news-releases/legato-merger-corp-iii-shareholders-approve-business-combination-with-einride-302792607.html
You may like
Technology
XCOTTON Joins the Conversation at IFA 2026: Why the Future of Commerce Goes Beyond Checkout
Published
1 hour agoon
September 5, 2026By
LOS ANGELES and NEW YORK and LAS VEGAS, Sept. 4, 2026 /PRNewswire/ — As the global consumer technology industry gathers in Berlin for IFA 2026, thousands of brands are showcasing what comes next: smarter devices, connected experiences, artificial intelligence, robotics, and technologies designed to change how people live and shop. But behind every new product is another part of the consumer journey that deserves just as much attention: What happens after the customer buys?
The Xcotton team is in Berlin during the event to connect with consumer brands, retailers, technology companies, and potential business partners. The conversations are focused on a broader question for modern commerce: how can brands create a better experience after checkout while reducing the risks that come with delivering products to customers around the world?
The Customer Journey Doesn’t End at Checkout
For years, e-commerce innovation has focused heavily on the path to purchase. Brands optimize advertising to attract shoppers, product pages to increase conversion, checkout flows to reduce abandonment, and promotions to encourage customers to buy.
But the transaction is only one moment in the customer relationship. After payment, the order still needs to be fulfilled, shipped, delivered, and supported. A package can be delayed, lost, stolen, or damaged. A customer may need a replacement or refund. A support team may suddenly have to spend time resolving a problem that had nothing to do with the product itself.
For global e-commerce brands, these challenges become even more important as order volumes increase and businesses expand into new markets. A single delivery problem may affect more than the cost of replacing a product. It can also create customer-service workload, additional shipping costs, refunds, negative reviews, and lost opportunities for repeat purchases.
For the customer, however, the distinction does not always matter. The customer bought from the brand. The delivery experience becomes part of the brand experience. That is why post-purchase experience is becoming an increasingly important part of modern commerce. The opportunity is to think beyond the transaction and manage the entire customer journey:
Purchase → Delivery → Protection → Support → Resolution → Retention
When brands approach these stages as part of one connected experience, post-purchase operations become more than a back-office function. They can become a competitive advantage. A great product can win the first purchase. How a brand handles an unexpected problem can influence whether it earns the next one.
XCOTTON: Turning Post-Purchase Protection Into Business Value
This is where Xcotton comes in. Xcotton helps modern e-commerce brands protect every order after checkout. As a U.S.-based post-purchase protection platform, Xcotton enables merchants to offer shipping protection, product protection, and insurance-backed coverage solutions designed to reduce delivery risk, improve customer experience, and create new revenue opportunities.
Xcotton’s reach extends beyond the U.S. Through its licensed insurance intermediary in France, Xcotton is authorized to provide compliant insurance solutions to merchants and consumers across the European Union. This international capability supports brands as they expand into new markets while helping them offer protection solutions aligned with local regulatory requirements.
The company’s approach is built around a straightforward idea: post-purchase protection should not be viewed only as a way to manage losses. It can also be part of the customer experience. When something goes wrong with an order, customers want to know three things: What happened? What can I do? And how quickly can it be resolved?
A clear protection experience can help answer those questions while giving merchants a structured way to manage unexpected delivery issues. For Xcotton, the goal is simple: Help brands turn post-purchase protection into a better customer experience and a smarter business advantage.
Why Protection Matters for Global E-Commerce
For brands selling across borders, post-purchase protection becomes particularly important as order values, shipping distances, and fulfillment complexity increase.
International shipments can move through multiple carriers, fulfillment centers, customs processes, and last-mile networks before reaching the customer. For higher-value or larger products, a delivery issue can create significant costs for both merchants and shoppers.
Xcotton helps brands address these risks with protection solutions designed around different stages of the customer journey—from shipping protection to product protection and extended warranty coverage.
This gives merchants a more structured way to protect purchases while giving customers greater confidence in the products they are investing in.
Modern Brands Are Selling More Than Products
The same trend can be seen across categories far beyond consumer electronics. Brands increasingly build their businesses around distinctive products, direct relationships, personalization, and customer experience.
LINTICO is a women’s natural-fabric clothing brand known for its linen womenswear. With linen at the heart of its collections, LINTICO focuses on thoughtfully chosen fibers and versatile pieces designed for everyday life, work, travel, and special occasions. Its philosophy, “Linen That Loves You Back,” reflects a focus on comfort, natural materials, and lasting appeal.
Lordhair is a men’s hair system brand serving customers in more than 120 countries. The company designs and manufactures its hair systems in-house, from ready-to-wear pieces to fully customized bases. Localized websites, native-language support, and one-to-one consultations help customers navigate fitting and aftercare while creating a more personalized buying experience.
MICAS represents the growing market for elevated modern womenswear, where product design, brand identity, digital commerce, and customer experience are increasingly interconnected.
Popilush is a global shapewear fashion brand combining fashion and functionality through its signature built-in shapewear designs. Founded by Eve DeMartine, the company creates one-piece dresses and confidence-enhancing apparel for women worldwide, with a strong focus on functional design, inclusive fashion, and body confidence.
These brands illustrate a common reality of modern commerce: Customers are not simply buying a product. They are buying confidence in the brand behind it. That confidence can be influenced by what happens before the purchase—and just as importantly, what happens afterward.
From Cost Center to Business Opportunity
Post-purchase protection has traditionally been associated with risk management.
A shipment is lost. A merchant replaces it.
A package arrives damaged. A refund is issued.
A customer reports a problem. The support team resolves it.
But this reactive model can overlook the larger opportunity. What if protection could be designed as part of the customer journey from the beginning? What if customers knew before they completed their purchase that there was a clear solution if something went wrong?
And what if merchants could use protection not only to reduce the financial impact of delivery problems, but also to improve customer confidence and create additional business value?
This represents a broader shift in how brands can think about post-purchase protection. It is not simply about covering a loss. It is about creating confidence around the purchase. For e-commerce brands competing for repeat customers, that confidence can matter.
XCOTTON Connects With Brands at IFA 2026
IFA 2026 provides an ideal environment for these conversations. The event brings together companies across consumer technology, retail, home appliances, smart home, AI, robotics, and emerging categories. For businesses developing the next generation of consumer products, reaching the customer is only one part of the challenge. Delivering that product successfully—and creating a positive experience afterward—is equally important.
In Berlin, Xcotton connects with:
E-commerce and direct-to-consumer brandsConsumer technology companiesRetailers and distributorsSmart home and connected-device businessesFashion and lifestyle brandsTechnology and logistics partnersCompanies expanding into international markets
The goal is to understand the challenges these businesses face after checkout and explore opportunities to build stronger post-purchase experiences together. The complete journey: Discover. Purchase. Deliver. Protect. Support. Retain.
The Future of Commerce Goes Beyond Checkout
IFA 2026 is showcasing technologies designed to make consumer lives smarter, more connected, and more convenient.
For commerce brands, however, the next evolution may not be limited to smarter products. It may also be about creating smarter experiences around those products. The customer journey does not end when the payment is processed. It continues through fulfillment, delivery, support, returns, protection, and resolution. And when something goes wrong, the response can become one of the most important moments in the relationship between a customer and a brand.
Post-purchase protection is not simply about protecting a package. It is about protecting customer trust. During IFA 2026 in Berlin, Xcotton connects with brands that are looking to explore how better post-purchase experiences can help modern e-commerce businesses reduce delivery risk, strengthen customer relationships, and create lasting value. The future of commerce doesn’t end at checkout. It begins there.
Contact: merchantsupport@xcotton.ai
View original content to download multimedia:https://www.prnewswire.com/news-releases/xcotton-joins-the-conversation-at-ifa-2026-why-the-future-of-commerce-goes-beyond-checkout-302870296.html
SOURCE XCOTTON
Technology
ToolDance Unveils X1 Smart Desktop CNC Mill at IFA 2026
Published
3 hours agoon
September 5, 2026By
BERLIN, Sept. 4, 2026 /PRNewswire/ — ToolDance, a technology company focused on intelligent desktop CNC solutions, officially unveiled its flagship product ToolDance X1 Smart Desktop CNC Mill at IFA 2026 in Berlin, Germany.
On the first day of the exhibition, ToolDance attracted significant attention from professional users, makers, and industry audiences with live demonstrations showcasing the complete workflow from preparation to finished parts. Learn more about the X1 Smart Desktop CNC Mill.
“What has been especially encouraging at IFA is seeing people watch the X1 turn raw material into a finished part and immediately start thinking about how they could use it in their own work,” said Will Wang, Founder and CEO of ToolDance. “Our goal is to bring professional CNC capabilities to makers, engineers, and small businesses in a more accessible desktop format, while retaining the performance required for real manufacturing tasks.”
ToolDance’s participation in IFA 2026 reflects the company’s commitment to making industrial-grade manufacturing capabilities more accessible in personal workspaces.
The X1 features a 1,500W permanent magnet synchronous motor (PMSM) spindle that maintains strong torque at lower spindle speeds for demanding roughing operations and reaches speeds of up to 24,000rpm for precise finishing. It delivers positioning repeatability of ±0.01mm.
Its three-axis work envelope measures 400 × 265 × 180mm, providing room for functional parts such as fixtures, molds, machine plates, and housings, as well as multi-part production in a single setup. Support for tool shanks up to 10mm expands the range of cutters available for heavier material removal and larger tools.
The X1 supports both dry machining and flood-coolant machining across a range of metals, wood, and engineering plastics. Continuous coolant flow helps control heat, clear chips, and support stable cutting in demanding metal applications. Its cast aluminum-alloy frame is reinforced along critical load paths to increase rigidity and reduce vibration, supporting stable machining, consistent accuracy, and clean surface finishes.
On the software side, ToolDance Studio, developed in-house by ToolDance, is designed to lower the barrier to CNC machining through a streamlined three-step workflow from model to finished part.
Its Design for Manufacturability (DFM) analysis checks geometry, tool access, stock, and machining constraints to help users identify potential issues before cutting begins. The Workholding Guidance System recommends workholding setups for each operation based on part geometry and machining parameters, with step-by-step visual guidance. Its image-to-model feature can also generate editable geometry from photographs or reference images.
A nine-tool automatic tool changer (ATC) automates tool changes across operations ranging from roughing and drilling to finishing, chamfering, threading, and engraving, reducing the need for manual tool changes during multi-operation jobs.
The X1 is also designed as an expandable platform. With the optional simultaneous four or five-axis module, it can machine complex parts, curved surfaces, and fine details in a single setup, reducing re-clamping while maintaining alignment and accuracy.
The ToolDance X1 will remain on display at Hall 17, Booth H17-205 at Messe Berlin from Sept. 4–8, 2026, with live machining demonstrations taking place throughout the event. The product is scheduled to launch on Kickstarter in October 2026.
For more information, visit: https://www.tooldance.ai
About ToolDance
ToolDance is a technology company focused on smart desktop CNC solutions. With the vision of “Your Personal Factory,” ToolDance integrates hardware, software, and automation to make industrial-grade manufacturing capabilities more accessible, helping makers, engineers, professionals, and small businesses turn ideas into physical products more efficiently.
Note: Please translate the content first and provide a preview. The photos will be provided on Sept. 4.
Media Contact: info@tooldance.ai
View original content to download multimedia:https://www.prnewswire.com/news-releases/tooldance-unveils-x1-smart-desktop-cnc-mill-at-ifa-2026-302870568.html
SOURCE ToolDance
Technology
Amwell Receives Frost & Sullivan’s 2026 United States Technology Innovation Leadership Recognition for Technology-Enabled Care Platforms
Published
4 hours agoon
September 5, 2026By
Amwell® is transforming virtual care delivery through its unified Amwell Platform, combining interoperability, clinical integration, and intelligent orchestration to improve access, efficiency, and outcomes.
SAN ANTONIO, Sept. 5, 2026 /PRNewswire/ — As healthcare organizations move beyond fragmented telehealth solutions toward connected virtual care models, Amwell is helping redefine how digital care is delivered at scale. Frost & Sullivan is pleased to recognize Amwell with the 2026 United States Technology Innovation Leadership Recognition in the Technology-Enabled Care Platforms industry for its ability to address healthcare fragmentation through a unified platform that connects patients, health plan members, clinicians, and partner ecosystems across the care continuum.
Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Amwell excelled in both, demonstrating its ability to align strategic initiatives with evolving healthcare needs while executing with flexibility, scalability, and measurable customer impact. “The combination of reliability, flexibility, and clinically integrated workflows positions the Amwell Platform as a strategic enabler for organizations seeking to reduce fragmentation, improve member engagement with covered programs, expand access to care, and create more connected healthcare experiences,” said Sagar Mukhekar, Industry Analyst, Frost & Sullivan.
Guided by a strategy centered on connected care, interoperability, and continuous, digital innovation, Amwell has positioned the Amwell Platform as an operating layer for next-generation healthcare delivery. Rather than relying on disconnected point solutions, the platform integrates technology, services, and clinical intelligence to orchestrate personalized care experiences across virtual primary care, urgent care, behavioral health, chronic condition management, and specialized digital programs.
Backed by 20 years of technology-enabled care innovation, more than 90 million covered lives, and over 38.7 million virtual visits, Amwell continues to help health plans and healthcare organizations modernize digital care delivery at scale.
“As healthcare becomes more digital, it risks becoming more fragmented. Health plans need more than point solutions. They need enterprise infrastructure, clinical integration, and an open platform that brings partners and programs together. Our vision at Amwell is that technology creates value when it improves access, engagement, quality, and efficiency, and produces measurable clinical and business outcomes. We’re honored by this recognition from Frost & Sullivan,” said Dan Zamansky, Chief Product and Technology Officer at Amwell.
Amwell’s enterprise scale includes supporting the digital transformation of the Defense Health Agency’s Military Health System, serving approximately 9.6 million beneficiaries. The company’s commitment to measurable outcomes is also reflected in a landmark National Institute of Mental Health (NIMH)-funded study, published in Nature Human Behaviour and among the largest studies of its kind. The study found that students offered SilverCloud® by Amwell® engaged in mental healthcare at more than double the rate of traditional care, experienced lower rates of mental health disorders, and generated an estimated $1.18 million in avoided costs for the study population.
The company further differentiates its platform through intelligent orchestration and navigation, helping guide members to appropriate programs while giving clinicians visibility across care plans. Amwell also evaluates integrated third-party programs for clinical effectiveness, scalability, and enterprise readiness.
Frost & Sullivan commends Amwell for setting a high standard in competitive strategy, execution, and technological innovation. The company’s unified approach to digital care is helping reduce fragmentation, improve access, strengthen operational efficiency, and support more equitable and sustainable healthcare delivery.
Each year, Frost & Sullivan presents the Technology Innovation Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition identifies forward-thinking organizations that are reshaping their industries through innovation and growth excellence.
Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.
Contact:
Ashley Shreve
E: ashley.weinkauf@frost.com
SOURCE Frost & Sullivan
XCOTTON Joins the Conversation at IFA 2026: Why the Future of Commerce Goes Beyond Checkout
ToolDance Unveils X1 Smart Desktop CNC Mill at IFA 2026
Amwell Receives Frost & Sullivan’s 2026 United States Technology Innovation Leadership Recognition for Technology-Enabled Care Platforms
Send Rakhi to UK swiftly with UK Gifts Portal
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology3 days agoOnymos and Vanta Diagnostics Collaborate to Scale Intelligent Lab Intake
-
Technology3 days agoOWASP GenAI Security Project Releases 2026 Top 10 for LLM Applications, Debuts Agent Control Standard and New Resources for Securing Generative and Agentic AI
-
Technology3 days agoOMVP Backs Europe’s Sovereign Space Future as American Lead on €50M+ HyImpulse Financing
-
Technology3 days agoNew research proves mutant AI swarms outperform optimized models in a changing world
-
Near Videos4 days agoIllia Polosukhin: The Case for User-Owned AI
-
Coin Market4 days agoFake Claude desktop app spreads crypto-stealing malware
-
Technology4 days agoLight Raises $46 Million to Scale the Power Company for Embedded Electricity
-
Technology4 days agoPTFE Membranes Market worth $2.84 billion by 2031 – Exclusive Report by MarketsandMarkets™
