Hedge funds and retail investors led the takeoff in transportation SPACs that are barely staying aloft. Guess who gets the better end of that deal?
Embark Trucks rings the Nasdaq bell to begin public trading Thursday, but early share redemptions in its SPAC merger cut proceeds by $300 million.
As public trading nears this week, 26-year-old Embark Trucks co-founders Alex Rodrigues and Brandon Moak focus on lean autonomous trucking.
Aurora Innovation and Embark Trucks will soon join TuSimple Holdings as stocks betting on the future of driverless trucks.
SPAC-sponsored autonomous software developer Embark Trucks is tapping industry experts for advice as its public debut nears.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
IKEA Canada and its last-mile delivery partner Second Closet will purchase all-electric trucks from Lion Electric to be used for home deliveries.
