Embark Trucks to Go Public via Merger with Northern Genesis Acquisition Corp. II

Applied Intuition Acquires Embark Technology

May 25, 2023

Automotive

Applied Intuition agreed to acquire autonomous-trucking software developer Embark Technology in an all-cash transaction valued at approximately $71 million. Applied will integrate Embark's software, data and tools to enhance its autonomous-vehicle development platform; Embark plans to retire its test truck fleet and key employees are expected to join Applied.

BevCanna Acquires Embark Health Inc.

September 19, 2021

Food & Beverage

BevCanna Enterprises Inc. has acquired Embark Health Inc., a solventless cannabis extraction and enhanced delivery technology provider, by way of a three‑cornered amalgamation. The deal brings Embark’s Delta (BC) GMP facility, four adult‑use brands, proprietary nanotechnology and approximately $17M in tangible and intangible assets onto BevCanna’s balance sheet; consideration included BevCanna shares and contingent earn‑outs.

Einride AB to Go Public via Business Combination With Legato Merger Corp. III

February 27, 2026

Transportation

Einride AB and Legato Merger Corp. III entered into a definitive business combination agreement under which Einride will become a NYSE-listed public company. The transaction is supported by a $113 million oversubscribed PIPE financing (with participation from EQT Ventures and other investors) and includes an additional $100 million crossover financing raised by Einride during 2025.

Parthenon Capital Makes Strategic Investment in Embark

September 4, 2025

Consulting

Parthenon Capital has made a strategic growth investment in Embark, a Dallas-based management and financial consulting firm, to accelerate the company's organic growth and M&A strategy while expanding its technology and AI capabilities. Founder Paul Allen will remain Chairman and retain a significant ownership stake as Embark pursues investments in automation, AI, talent, and expanded advisory services.

Evernorth Holdings to Go Public via Merger with Armada Acquisition Corp. II (SPAC)

March 18, 2026

Financial Services

Evernorth Holdings, a newly formed Nevada corporation focused on creating an institutional XRP treasury vehicle, announced a proposed business combination with Armada Acquisition Corp. II. The combined entity is expected to be publicly listed on Nasdaq under the ticker XRPN, raising over $1 billion in gross proceeds to fund open-market XRP purchases, liquidity and related treasury/DeFi yield strategies.

Getaround to Go Public via Merger with InterPrivate II Acquisition Corp.

May 11, 2022

E-Commerce

Getaround entered a definitive business combination agreement to merge with InterPrivate II Acquisition Corp. (NYSE: IPVA), which would result in Getaround becoming a public company upon completion. The combined company is expected to be listed on the New York Stock Exchange under the ticker symbol GETR, with expected closing in the second half of 2022.