Legato Merger Corp. IV is a SPAC — a blank check company with no operations whose sole purpose is to acquire a private company and take it public. Legato raised ~$201M in its February 2024 IPO, with proceeds held in trust and invested in short-term instruments while management searches for a target. Legato has until May 8, 2026 to complete a business combination, or it must liquidate and return trust proceeds to public shareholders at ~$10.00/share. Public shareholders can redeem their shares at deal vote, while founder shares held by insiders carry no redemption rights and would be worthless in a liquidation — giving management a strong incentive to close a deal. Legato pays $20,000/month to Crescendo Advisors II, an entity controlled by the CEO, for office and administrative services. In November 2025, Legato announced a deal to merge with Einride, a Swedish electric and autonomous freight company, expected to close in Q1 2026. Under the deal, Legato will merge into a Cayman Islands subsidiary of Einride, with Legato shareholders becoming shareholders of the publicly listed Einride. Until that deal closes, Legato remains a shell with no business operations.