Embark Technology
Closed (deSPAC)founded 2016
- What it is
- Embark Technology, Inc
- What it’s doing now
- Merging with Northern Genesis Acquisition Corp. II (NGAB) — closed (despac).
- What you should know
- The deal carries a $319M minimum-cash condition — heavy redemptions can break it.
The business, per its filings
SEC primaryEmbark Technology, Inc. (NASDAQ: EMBK) is an autonomous vehicle company building the software powering autonomous trucks, focused on improving safety, efficiency, and sustainability. Headquartered in San Francisco, CA since its founding in 2016, Embark has partnered with some of the largest shippers and carriers in the United States.
What the company says about itself
Web research — not audited[WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Embark shareholders will receive $2.88 per share in cash." [https://www.prnewswire.com/news-releases/applied-intuition-inc-to-acquire-embark-technology-inc-to-enhance-its-products-for-autonomous-vehicle-development-301835134.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to close in Q3 2023." [https://www.prnewswire.com/news-releases/applied-intuition-inc-to-acquire-embark-technology-inc-to-enhance-its-products-for-autonomous-vehicle-development-301835134.html]
Source: company web presence · marketing claims are reported as claims, never merged into the filed figures above.
The deal it’s entering
Embark Technology is merging with Northern Genesis Acquisition Corp. II (NGAB) currently marked Closed (deSPAC).
| Headline equity value | — |
| PIPE | ≈ $160M · unsourced |
| Minimum cash to close | $319M |
Structure per SEC accession(s) 0001104659-21-088870, 0001104659-21-111215, 0001104659-23-074808. How to read these numbers: headline vs effective valuation · what a definitive agreement commits
What exactly is being valued, and at what
Common questions
Is Embark Technology going public?
Embark Technology has an approved merger with the SPAC Northern Genesis Acquisition Corp. II (NGAB). Deal status: Closed (deSPAC).
Does Embark Technology have revenue?
The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.
Educational content, not investment advice.
- NGC — Northern Genesis Acquisition Corp. III · Liquidated