Northern Genesis Acquisition Corp II

NYSE:NGAB   3:59:51 PM EDT
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Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Embark Trucks Inc America’S Longest-Running Self-Driving Truck Program, To Go Public Through Merger With Northern Genesis Acquisition Corp II

Published: 06/23/2021 10:41 GMT
Northern Genesis Acquisition Corp II (NGAB) - Embark Trucks, Inc., America’s Longest-running Self-driving Truck Program, to Go Public Through Merger With Northern Genesis Acquisition Corp.
Ii.
Embark Trucks - Transaction Reflects an Implied Pro Forma Equity Value of $5.16 Billion and Enterprise Value of $4.55 Billion.
Embark Trucks - Upon Closing, Combined Co Expected to Receive About $614 Million of Gross Cash Proceeds.
Embark Trucks - Deal Includes $200 Million Fully Committed Pipe at $10 per Share.
Embark Trucks - Pipe Supported by Cpp Investments, Knight-swift Transportation, Mubadala Capital, Sequoia Capital, Tiger Global Management.
Embark Trucks - Former U.S. Secretary of Transportation Elaine L. Chao Has Been Appointed to Board of Directors.
Further Company Coverage: Ngabn ((reuters.
Briefs@thomsonreuters.
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