NGAB

Pomerantz Law Firm Announces the Filing of a Class Action Against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II and Certain Officers – EMBK; EMBKW; NGAB.U; NGAB; NGAB WS

Retrieved on: 
Friday, April 1, 2022

NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II (Embark or the Company) (NASDAQ: EMBK; EMBKW) (NYSE: NGAB.U; NGAB; NGAB WS) and certain of its officers.

Key Points: 
  • NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II (Embark or the Company) (NASDAQ: EMBK; EMBKW) (NYSE: NGAB.U; NGAB; NGAB WS) and certain of its officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

NGAB Announces Quorum to Pass ~$5 Billion Business Combination With Embark and Achievement of All Transaction Requirements, Including the Minimum Cash Provision, Following the Redemption Deadline

Retrieved on: 
Monday, November 8, 2021

With proxies received to date indicating overwhelming support for all proposals, the business combination is expected to close with all transaction related requirements having been met.

Key Points: 
  • With proxies received to date indicating overwhelming support for all proposals, the business combination is expected to close with all transaction related requirements having been met.
  • Shareholders who wish to withdraw a redemption request should contact Northern Genesis 2s transfer agent, Continental Stock Transfer & Trust Company, by email at [email protected] .
  • The business combination, if approved by Northern Genesis 2 shareholders, is expected to close on November 10, 2021.
  • Following completion of the proposed business combination, Embark will retain its experienced management team.

Embark Partners with Luminar to Accelerate Commercial SaaS Autonomous Truck Deployment

Retrieved on: 
Wednesday, November 3, 2021

This partnership gives Embark and its carrier partners access to Luminars cutting edge automotive-grade long-range lidar sensors as the company progresses towards commercial deployment and delivery of its 14,200 non-binding truck reservations in 2024.

Key Points: 
  • This partnership gives Embark and its carrier partners access to Luminars cutting edge automotive-grade long-range lidar sensors as the company progresses towards commercial deployment and delivery of its 14,200 non-binding truck reservations in 2024.
  • Embark is pursuing an asset-light go-to-market approach focusing on delivering the best software for autonomous trucking and works with partners like Luminar to utilize the best hardware for autonomous trucks.
  • Weve spent over three years working with Luminar to leverage best-in-class sensor tech to power the Embark Driver, said Alex Rodrigues, CEO of Embark.
  • Embark has been the longstanding independent leader in autonomous trucking, and were excited to help them and their customers on their transition towards commercial deployment with this partnership, said Austin Russell, Founder and CEO of Luminar.

Northern Genesis Acquisition Corp. II Announces Planned Transfer of Listing to the Nasdaq Global Market in Connection with its Proposed Business Combination with Embark

Retrieved on: 
Tuesday, November 2, 2021

In connection with the closing, Northern Genesis 2 will change its corporate name to Embark Technology, Inc. and is expected to trade on Nasdaq under the symbol EMBK.

Key Points: 
  • In connection with the closing, Northern Genesis 2 will change its corporate name to Embark Technology, Inc. and is expected to trade on Nasdaq under the symbol EMBK.
  • Northern Genesis 2s units, common stock and warrants will continue to trade on the NYSE until the closing of the Business Combination.
  • Northern Genesis 2 is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses.
  • You can find more information about Northern Genesis 2s directors and executive officers in Northern Genesis 2s Form 10-K and Forms 10-Q filed with the SEC.

DHL Supply Chain Partners with Autonomous Software Leader Embark to Deploy Fleet Starting in 2024

Retrieved on: 
Thursday, October 28, 2021

DHL plans to deploy these autonomous trucks within its operations upon commercial launch of the Embark Driver software in 2024.

Key Points: 
  • DHL plans to deploy these autonomous trucks within its operations upon commercial launch of the Embark Driver software in 2024.
  • This detailed planning by DHL and Embark is intended to ensure that DHL is able to derive maximum value from autonomous trucks once they are commercially deployed.
  • "Through the Partner Development Program, DHL and Embark are methodically identifying the best-suited lanes and customers for early deployment, building the groundwork ahead of 2024 commercial deployment."
  • With Embark Driver-equipped trucks, DHL plans to reap the anticipated speed, safety, and sustainability benefits of autonomous technology, and pass them on to its global customer network.

Northern Genesis Acquisition Corp. II Announces Effectiveness of Registration Statement and Special Meeting Date for Proposed Business Combination with Embark Trucks, Inc.

Retrieved on: 
Tuesday, October 19, 2021

A special meeting of Northern Genesis 2 stockholders (the "Special Meeting") to approve, among other things, the proposed business combination will be held in virtual format on November 9, 2021 at 9 a.m. Eastern Time.

Key Points: 
  • A special meeting of Northern Genesis 2 stockholders (the "Special Meeting") to approve, among other things, the proposed business combination will be held in virtual format on November 9, 2021 at 9 a.m. Eastern Time.
  • The completion of the transaction with Northern Genesis 2 should equip Embark with the capital needed to achieve our mission of evolving the trucking industry."
  • Northern Genesis 2 stockholders who need assistance in completing the proxy card, need additional copies of the proxy materials, or have questions regarding the Special Meeting may contact Northern Genesis 2s proxy solicitor, D.F.
  • Northern Genesis 2 is a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses.

Embark Opens Reservations to Partner Development Program Carriers Ahead of 2024 Commercial Launch, Securing 14,200 Reservations

Retrieved on: 
Thursday, October 14, 2021

Embark Trucks, Inc. , a leading developer of autonomous technology for the trucking industry, today announced that carriers participating in Embarks Partner Development Program (PDP) have placed a combined 14,200 reservations for Embark-equipped autonomous trucks.

Key Points: 
  • Embark Trucks, Inc. , a leading developer of autonomous technology for the trucking industry, today announced that carriers participating in Embarks Partner Development Program (PDP) have placed a combined 14,200 reservations for Embark-equipped autonomous trucks.
  • These reservations, and the associated licensed miles, demonstrate that Embarks commercial preparation activities today should establish a base that enables Embark to meet its early year revenue targets.
  • With these reservations, Embark is providing a competitive advantage to fleet partners who have invested the time and energy in preparing to deploy first, said Alex Rodrigues, CEO of Embark.
  • As Embark progresses against its go-to-market timeline, the company will continue to work closely with existing carrier partners and evaluate new carriers for potential inclusion in the Partner Development Program, seeking to ensure a seamless transition to commercial deployment in 2024.

Embark Releases Webcast From Embark Day Showcasing Business and Technology Progress to Accelerate Rollout of Autonomous Trucking

Retrieved on: 
Thursday, October 7, 2021

An in-depth look at the Companys differentiated go-to-market partnership strategy with Embark Head of Business Development, Sam Abidi.

Key Points: 
  • An in-depth look at the Companys differentiated go-to-market partnership strategy with Embark Head of Business Development, Sam Abidi.
  • Embark previously announced its entry into a definitive business combination with Northern Genesis Acquisition Corp. II (NYSE: NGAB) (Northern Genesis 2).
  • Upon the closing of the Business Combination, Embark will be listed on the Nasdaq under the new ticker symbol, EMBK.
  • Embark is an autonomous vehicle company building the software powering autonomous trucks, focused on improving the safety, efficiency, and sustainability of the nearly $700 billion a year trucking market.

Embark Testing Cummins Inc.’s Automatic Powertrain Control in Self-Driving Trucks

Retrieved on: 
Tuesday, September 21, 2021

Under this collaboration, Embark is testing Cummins automated driving system (ADS) powertrain interface to manage powertrain operations.

Key Points: 
  • Under this collaboration, Embark is testing Cummins automated driving system (ADS) powertrain interface to manage powertrain operations.
  • The integration of the platform-agnostic Embark Universal Interface (EUI) with Cummins powertrain interface will enable Embark to leverage Cummins ADEPT powertrain features, resulting in improved fuel efficiency and performance of the self-driving system.
  • In turn, Embark will share the data and results from its testing to enable Cummins to further support continued development and improvement of its platform-agnostic powertrain components.
  • By working with Cummins, were bolstering the EUI with new powertrain control features for improved self-driving performance and aligning with Cummins platform-agnostic business philosophy.

Embark and ZF Collaborate to Validate Automatic Steering Control in Self-Driving Trucks

Retrieved on: 
Tuesday, September 21, 2021

With the EUI, Embark enables carriers to begin trials and deployment of Embark self-driving software on trucks from the carriers preferred OEM.

Key Points: 
  • With the EUI, Embark enables carriers to begin trials and deployment of Embark self-driving software on trucks from the carriers preferred OEM.
  • Embark has tested ZF technology for four years and this collaboration will take the relationship to the next level.
  • ZF will provide access to the prototype ReAX steering solution and engineering support to Embark, including installation and operation of the system.
  • For example, under conditions such as loss of communication or ignition, ZF ReAX steering system can be enabled to support fail operations.