Ticker Launch

SPAC · Merger completed

Northern Genesis Acquisition Corp. II

Business combination with Embark Trucks Inc.

Northern Genesis Acquisition Corp. II is a blank-check company (SPAC) that raised $75M in its initial public offering on Jan 14, 2021, listing on New York Stock Exchange. It completed its business combination with Embark Trucks Inc. on Nov 10, 2021; the combined company is Embark Technology, Inc. (EMBK). Morgan Stanley led the IPO, with J.P. Morgan and Barclays. Graubard Miller and Husch Blackwell advised the SPAC and Davis Polk advised the underwriters on the IPO.

Embark Trucks Inc. is a U.S.-based autonomous vehicle software-as-a-service provider focused on the safety, efficiency and sustainability of the trucking market. Through its Partner Development Program, it works with shippers and carriers on integrating autonomous trucks into supply chains.

Status
Merger completed
IPO date
Jan 14, 2021
IPO size
$75M
IPO exchange
New York Stock Exchange
Target
Embark Trucks Inc.
Announced
Jun 23, 2021
Closed
Nov 10, 2021
Combined company
Embark Technology, Inc. (EMBK)
IPO underwriters
Morgan Stanley, J.P. Morgan, Barclays and CIBC
SPAC counsel (IPO)
Graubard Miller and Husch Blackwell
Underwriters' counsel (IPO)
Davis Polk

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