\nAt the investor-focused event, members of Embark\u2019s leadership team \u2013 including co-founder and CEO Alex Rodrigues and CFO Richard Hawwa \u2013 will provide attendees with an update on Embark since the announcement of the definitive business combination agreement with Northern Genesis 2 on June 23, 2021, as well as feature additional members of the Embark team during the following sessions:\n<\/p>\n
- \n
- \nAn Open House with the Embark Team, including co-founder and CTO Brandon Moak and other industry-leading experts in Engineering, Operations, Partnerships, and Policy\n<\/li>\n
- \nThe opportunity to experience Embark\u2019s technology first-hand and ride in an Embark-equipped self-driving truck at Embark\u2019s Oakland Transfer Point site\n<\/li>\n
- \nA detailed business update from CEO Alex Rodrigues and CFO Richard Hawwa\n<\/li>\n
- \nAn in-depth look at Embark\u2019s differentiated go-to market partnership strategy\n<\/li>\n
- \nInsight from existing Embark investor and Partner and Head of Growth at Sequoia Capital, Pat Grady\n<\/li>\n
- \nA fireside chat with the Honorable Elaine Chao, Former U.S. Secretary of Transportation and Labor\n<\/li>\n
- \nMore exciting developments to be announced on Embark Day\n<\/li>\n<\/ul>\n
\nPlease email investorrelations@embarktrucks.com<\/a> if you are interested in attending or learning more.\n<\/p>\n
About Embark<\/b><\/p>\n
\n\u200b\u200bEmbark 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. Headquartered in San Francisco, CA since its founding in 2016, Embark is America\u2019s longest-running self-driving truck program. The company partners with some of the largest shippers and carriers in the nation, collectively representing over 30,000 trucks.\n<\/p>\n
\nEmbark\u2019s mission is to realize a world where consumers pay less for the things they need, drivers stay close to the homes they cherish, and roads are safer for the people we love. To learn more about Embark, visit embarktrucks.com<\/a>.\n<\/p>\n
About Northern Genesis 2<\/b><\/p>\n
\nNorthern 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. The management team overseeing the Northern Genesis 2 investment platform brings a unique entrepreneurial owner-operator mindset and a proven history of creating shareholder value across the sustainable power and energy value chain. The team is committed to helping the next great public company find its path to success; a path which will most certainly recognize the growing sensitivity of customers, employees and investors to alignment with the principles underlying sustainability.\n<\/p>\n
Forward-Looking Statements<\/b><\/p>\n
\nThis press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Embark\u2019s and Northern Genesis 2\u2019s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Embark\u2019s and Northern Genesis 2\u2019s expectations with respect to future performance. These forward-looking statements also involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted in connection with any proposed business combination; (2) the inability to complete any proposed business combination in a timely manner or at all; (3) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete any proposed business combination; (4) the risk that the business combination may not be completed by Northern Genesis 2 business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought; (5) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the agreement and plan of merger by the stockholders of Northern Genesis 2 and Embark and the satisfaction of the minimum trust account amount following redemptions by Northern Genesis 2\u2019s public stockholders; (6) the lack of a third party valuation in determining whether or not to pursue the proposed business combination; (7) the risk that any proposed business combination disrupts current plans and operations and\/or the impact that the announcement of the proposed business combination may have on Embark\u2019s business relationships; (8) the inability to recognize the anticipated benefits of any proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (9) costs related to the any proposed business combination; (10) changes in the applicable laws or regulations; (11) volatility in the price of Northern Genesis 2\u2019s securities due to a variety of factors, including changes in the competitive and highly regulated industries in which Embark plans to operate, variations in performance across competitors, changes in laws and regulations affecting Embark\u2019s business and changes in the combined capital structure; (12) the possibility that Embark or Northern Genesis 2 may be adversely affected by other economic, business, and\/or competitive factors; (13) the impact of the global COVID-19 pandemic; and (14) other risks and uncertainties separately provided to you and indicated from time to time described in filings and potential filings by Embark and Northern Genesis 2 with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), including those discussed in Northern Genesis 2\u2019s Annual Report Form 10-K for the fiscal year ended December 31, 2020 (\u201cForm 10-K\u201d) and Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and those that are expected to be included in the registration statement on Form S-4 and proxy statement\/prospectus discussed below and other documents filed by Northern Genesis 2 from time to time. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Embark and Northern Genesis 2 caution that the foregoing list of factors is not exhaustive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Embark and Northern Genesis 2 undertake no obligation to and accept no obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.\n<\/p>\n
Additional Information About the Proposed Transactions and Where to Find It<\/b><\/p>\n
\nThe proposed transactions will be submitted to stockholders of Northern Genesis 2 for their consideration. Northern Genesis 2 has filed a registration statement on Form S-4 (the \u201cRegistration Statement\u201d) with the SEC which includes a preliminary proxy statement to be distributed to Northern Genesis 2\u2019s stockholders in connection with Northern Genesis 2\u2019s solicitation for proxies for the vote by Northern Genesis 2\u2019s stockholders in connection with the proposed transactions and other matters as described in the Registration Statement, as well as the preliminary prospectus relating to the offer of the securities to be issued to Embark\u2019s shareholders in connection with the completion of the proposed merger. After the Registration Statement has been declared effective, Northern Genesis 2 will mail a definitive proxy statement and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Northern Genesis 2\u2019s stockholders and other interested persons are advised to read the preliminary proxy statement\/prospectus and any amendments thereto and, once available, the definitive proxy statement\/prospectus, in connection with Northern Genesis 2\u2019s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about Northern Genesis 2, Embark and the proposed business combination. Stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available, as well as other documents filed with the SEC regarding the proposed transactions and other documents filed with the SEC by Northern Genesis 2, without charge, at the SEC\u2019s website located at www.sec.gov<\/a> or by directing a request to Northern Genesis 2.\n<\/p>\n
\nINVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.\n<\/p>\n
Participants in the Solicitation<\/b><\/p>\n
\nNorthern Genesis 2, Embark and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from Northern Genesis 2\u2019s stockholders in connection with the proposed transactions. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Northern Genesis 2\u2019s stockholders in connection with the proposed transactions will be set forth in Northern Genesis 2\u2019s proxy statement\/prospectus when it is filed with the SEC. You can find more information about Northern Genesis 2\u2019s directors and executive officers in Northern Genesis 2\u2019s Form 10-K and Forms 10-Q filed with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement\/prospectus when it becomes available. Stockholders, potential investors and other interested persons should read the proxy statement\/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.\n<\/p>\n
No Offer or Solicitation<\/b><\/p>\n
\nThis communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210909005289\/en\/<\/a><\/span><\/p>\n
Embark Trucks, Inc.
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Investor Relations:
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EmbarkIR@icrinc.com<\/a><\/p>\n
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