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 Goes Public via Merger with Armada Acquisition Corp. II

March 18, 2026

Financial Services

Evernorth Holdings, a newly formed Nevada-based company built to enable institutional adoption of XRP, announced a business combination with SPAC Armada Acquisition Corp. II. The transaction is designed to result in Evernorth becoming a publicly listed XRP treasury vehicle, expected to trade on Nasdaq under the ticker XRPN.

Lion Electric Completes Business Combination with Northern Genesis Acquisition Corp.

May 6, 2021

Automotive

Lion Electric completed a business combination with special purpose acquisition company Northern Genesis Acquisition Corp., resulting in approximately US$490 million of net proceeds (including a concurrent PIPE). As a result of the transaction Lion began trading on the NYSE and TSX under the ticker LEV; the proceeds will be used to finance U.S. manufacturing expansion, develop battery systems and repay outstanding debt. Lion's founder and CEO Marc Bédard will continue to lead the company, and Northern Genesis directors Ian Robertson and Chris Jarratt joined the board.