Northern Genesis Acquisition Corp. II (NGAB) to Combine with Embark Trucks in $4.5Bn Deal

Northern Genesis II (NYSE:NGAB) has entered into a definitive agreement to combine with trucking technology firm Embark at an enterprise value of $4.55 billion, or 1.6x its 2025E revenue. Embark is developing software that may enable heavy trucks to drive autonomously on the long highway portions of their journeys between cities. The combined company is
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