NEW YORK, March  30, 2026  (GLOBE NEWSWIRE) -- Legato Merger Corp. III (NYSE:LEGT, LEGT, LEGT WS)) (the &#34;Company&#34;) announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended November 30,

LEGT

Legato Merger Corp. III Announces Receipt of Audit Opinion with Going Concern Explanation

Legato Merger Corp. III Issues Going Concern Warning Amid Merger Plans

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, March  30, 2026  (GLOBE NEWSWIRE) -- Legato Merger Corp. III (NYSE:LEGT, LEGT, LEGT WS)) (the &amp;#34;Company&amp;#34;) announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended November 30,</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Legato Merger Corp. III (NYSE: LEGT) has issued a going concern warning related to its financial statements. The company is pursuing a merger with Einride AB, which is expected to complete in the first half of 2026 pending regulatory approvals, potentially impacting its financial stability.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>LEGT issued a going concern warning in its 10-K filing.</li><li>The company plans a merger with Einride AB, approved by both boards.</li><li>Transaction completion expected in the first half of 2026.</li><li>This announcement does not change prior financial statements.</li><li>Regulatory approvals are needed for the merger to proceed.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Einride AB (N/A)</strong>: Merger plans could greatly influence LEGT&#039;s future valuation.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; due to the significant merger and financial health disclosures. The going concern warning could undermine investor confidence amid the ongoing merger process.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>LEGT&#039;s going concern warning may raise investor caution.</li><li>Regulatory approval delays could jeopardize the merger with Einride.</li><li>Market reaction may fluctuate based on upcoming merger developments.</li><li>Investors should monitor Einride&#039;s performance post-merger completion.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>The audit opinion disclosed concerns about LEGT&#039;s going concern.</li><li>The merger with Einride AB is set for the first half of 2026.</li><li>LEGT filed its 10-K on February 10, 2026.</li><li>The boards of both companies unanimously approved the merger.</li><li>Regulatory approvals are a prerequisite for the transaction&#039;s closing.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider reducing exposure to LEGT due to financial uncertainties and merger risks over the next six months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, March  30, 2026  (GLOBE NEWSWIRE) -- Legato Merger Corp. III (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LEGT">LEGT</a>, LEGT, LEGT WS)) (the "Company") announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended November 30, 2025, which was filed on February 10, 2026 with the Securities and Exchange Commission, the audited financial statements contained an audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company's ability to continue as a going concern. See further discussion in Note 1 to the Company's financial statements included in the Company's Annual Report on Form 10-K. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company's financial statements or to its Annual Report on Form 10-K for the year ended November 30, 2025.</p>  <p>Legato Merger Corp. III is a Cayman Islands exempted company incorporated for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. As previously announced, Legato Merger Corp. III has entered into a definitive business combination agreement for a proposed business combination with Einride AB (the "Transaction") that would result in Einride becoming a NYSE-listed public company. The Transaction was unanimously approved by the Boards of Directors of Legato Merger Corp. III and Einride AB. Completion of the Transaction is anticipated to occur in the first half of 2026 subject to customary closing conditions, including regulatory approvals.</p>  <p style="padding-left:0pt;"><strong>FORWARD-LOOKING STATEMENTS</strong></p>  <p style="padding-left:0pt;">This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended November 30, 2025 filed with the SEC. Copies are available on the SEC's website, <u><a href="https://www.globenewswire.com/Tracker?data=VHrLbv4e1qMKDR8MK9MQgth_g354B1OcCK4J2ch4QUBOUsCvCqPJY6bFS2fDdo_6rgevISzXjdSsM58_ktKbJw==" rel="nofollow" target="_blank">www.sec.gov</a></u>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p style="padding-left:0pt;">Contacts:<br></br>Gregory Monahan<br></br>Chief Executive Officer<br></br>Legato Merger Corp. III<br></br>(212) 319-7676</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4MTI2NSM3NTExNTg4IzIyNjQ2NDU="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/OTNmYTg4NmEtMjUzMi00OTk2LTk5NDEtNjBkMzU0ODhmMGZkLTEyNzYxOTUtMjAyNi0wMy0zMS1lbg==/tiny/Legato-Merger-Corp-III.png" referrerpolicy="no-referrer-when-downgrade"></img>

Legato Merger Corp. III (NYSE: LEGT) has issued a going concern warning related to its financial statements. The company is pursuing a merger with Einride AB, which is expected to complete in the first half of 2026 pending regulatory approvals, potentially impacting its financial stability.

Legato Merger Corp. III Announces Receipt of Audit Opinion with Going Concern Explanation

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News