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. Receives Going Concern Opinion Amid Einride 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>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Legato Merger Corp. III has disclosed a going concern opinion in its annual report, which may raise investor concerns. Despite this, the company is proceeding with its planned merger with Einride AB, expected to close in the first half of 2026, if regulatory approvals are met.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>LEGT received a going concern opinion in its annual financial report.</li><li>The company is set to merge with Einride AB, pending approval.</li><li>Completion of the merger is expected in the first half of 2026.</li><li>The announcement fulfills NYSE’s regulatory requirements for public disclosures.</li><li>No changes were made to the existing financial statements.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Einride AB (N/A)</strong>: Merger will result in Einride becoming a publicly listed company.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>The news fits into the &#039;Corporate Developments&#039; category as it revolves around LEGT&#039;s preparations for a major merger that could alter its operational and financial landscape.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The going concern opinion may affect investor confidence in LEGT.</li><li>Completion of the Einride merger could significantly impact LEGT&#039;s valuation.</li><li>Regulatory approvals are crucial for the merger&#039;s success in H1 2026.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>LEGT&#039;s annual report was filed on February 10, 2026.</li><li>The merger with Einride AB received unanimous board approval.</li><li>The transaction completion is anticipated in the first half of 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should monitor LEGT closely for potential volatility ahead of the merger.</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 has disclosed a going concern opinion in its annual report, which may raise investor concerns. Despite this, the company is proceeding with its planned merger with Einride AB, expected to close in the first half of 2026, if regulatory approvals are met.

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

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