Einride Set to Go Public in $1.8B SPAC Deal, Valuing Autonomous Truck Brand at $1.8B

Einride, a Swedish electric logistics company, is set to go public through a SPAC merger deal with Legato Merger Corp, valuing the brand at $1.8 billion. The deal follows Einride's recent autonomous trucking milestones and a solid vote of confidence in the company. The transaction values Einride at $1.8 billion in pre-money equity value and is expected to generate approximately $219 million in gross proceeds.