Northern Genesis Acquisition II announced today that its S-4 registration statement outlining the proposed merger with Embark Trucks has been declared effective by the SEC.
The SPAC’s shareholder vote on the deal is set for Nov. 9. Proxies are slated to be distributed starting tomorrow.
Embark develops autonomous technology for the trucking industry.
Announced in June, the transaction calls for approximately $614 million in gross cash proceeds, including $414 million held by the SPAC in trust (assuming no redemptions) and a $200 million fully committed PIPE. Read more.
