Embark Technology, Inc. (EMBK)

NEW YORK--(BUSINESS WIRE)---- $EMBK #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Northern Genesis Acquisition Corp. II ("Northern Genesis 2") (NYSE: NGAB), which merged with Embark Trucks Inc. ("Embark Trucks " or the "Company") (NASDAQ: EMBK) on November 11, 2021. Investors who purchased Northern Genesis 2 and continue to hold Embark Trucks shares are encouraged to obtain additional information and assist the investigation by.

NEW YORK--(BUSINESS WIRE)---- $EMBK #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Northern Genesis Acquisition Corp. II ("Northern Genesis 2") (NYSE: NGAB), which merged with Embark Trucks Inc. ("Embark Trucks " or the "Company") (NASDAQ: EMBK) on November 11, 2021. Investors who purchased Northern Genesis 2 and continue to hold Embark Trucks shares are encouraged to obtain additional information and assist the investigation by.

SAN FRANCISCO , Oct. 16, 2023 /PRNewswire/ -- Pomerantz LLP announces that the United States District Court for the Northern District of California-San Francisco Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of Northern Genesis Acquisition Corp. II and Embark Technology, Inc. common stock (NYSE: NGAB and NASDAQ: EMBK): SUMMARY NOTICE OF PROPOSED CLASS ACTION SETTLEMENT To: All persons (i) who purchased or otherwise acquired Embark Technologies, Inc. ("Embark" or the "Company") common stock pursuant or traceable to the July 2, 2021 registration statement, including all amendments thereto, issued in connection with the November 2021 business combination between Northern Genesis Acquisition Corp. II ("Northern Genesis") and Embark Trucks Inc. (the "November 2021 Business Combination") and were damaged; and/or (ii) beneficially owned and/or held Northern Genesis common stock as of October 6, 2021, the record date, and were eligible to vote at Northern Genesis' November 9, 2021 special meeting with respect to the November 2021 Business Combination, and were damaged.  A hearing will be held on February 8, 2024 at 9:00 a.m.

Embark Technology, an early mover in autonomous trucking that ran out of money to get to commercial production, said Thursday it would go private in a $71 million all-cash merger with Applied Intuition Inc. Upon completion of the merger, Embark will cease to trade on the Nasdaq. Embark went public in November 2021 in a reverse merger with an enterprise value of $5 billion.

Shares of autonomous-truck startup Embark Technology Inc. sank Monday after the company announced deep layoffs and said it may go out of business.

Shares of Embark Technology Inc lost nearly a third of their value on Monday after the self-driving truck company announced it would lay off 70% of its employees and start evaluating options, including winding down the business.

Embark Technologies (NASDAQ: EMBK ) stock is in focus on Friday. While shares are roughly flat on the day, Embark layoffs are making some headlines.

Embark is ahead of the curve in terms of proving its autonomous trucking concept, with significant miles on the road and an unblemished safety record. The company's strategy as well as its value proposition are well-defined and are quite sensible in my view.

With a contentious time in 2022 coming to a close, it may be helpful to look back and consider the most sold-off stocks last year. Similar to learning from prior mistakes, investors may be able to garner lessons from the worst-hit market ideas.

Embark Technology, Inc. (NASDAQ:EMBK ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Adam Fee - Strategic Finance Alex Rodrigues - Co-Founder and Chief Executive Officer Richard Hawwa - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Todd Fowler - KeyBanc Capital Markets Jeff Kauffman - Vertical Research Partners David Vernon - Bernstein Operator Greetings, and welcome to Embark Truck's Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Autonomous trucking company, Embark Technologies, has faced material headwinds since going public as it tries to commercialize its self-driving software. Cash burn from operations continues to stack up as positive investor sentiment has dissipated.

SAN FRANCISCO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (Nasdaq: EMBK) (“Embark”), a leading developer of autonomous technology for the trucking industry, will announce its third quarter financial results for the period ended September 30, 2022, on Tuesday, November 8, 2022, before the market opens.

Although, on the surface, everything looks gloomy now for stocks, one point that the bears are forgetting, I would argue, is that we live in an era of unprecedented technological advancement. Never before in the world has there simultaneously been so many new, highly impactful technologies –from artificial intelligence to connected cars to fintech to autonomous vehicles to automated retail checkout devices.

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life cycle within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those with exposure to electric vehicles. Investors should contact their relationship person for more information or use the links below to register. Presenting Firms Day 1 Day 2 Automotive Aftermarket Suppliers Association AutoNation, Inc. (NYSE: AN) Commercial Vehicle Group, Inc. (NASDAQ: CVGI) AutoZone, Inc. (NYSE: AZO) Dana Incorporated (NYSE: DAN) CarParts.com, Inc. (NASDAQ: PRTS) Donaldson Company, Inc. (NYSE: DCI) Garrett Motion Inc. (NASDAQ: GTX) Embark Technology, Inc. (NASDAQ: EMBK) Genuine Parts Company (NYSE: GPC) Gentex Corporation (NASDAQ: GNTX) Hyliion Holdings Corp. (NYSE: HYLN) Gentherm Incorporated (NASDAQ: THRM) Monro, Inc. (NASDAQ: MNRO) MP Materials Corp. (NYSE: MP) Motorcar Parts of America, Inc. (NASDAQ: MPAA) Penske Automotive Group, Inc. (NYSE: PAG) Myers Industries, Inc. (NYSE: MYE) Rush Enterprise, Inc. (NASDAQ: RUSHA) O'Reilly Automotive, Inc. (NASDAQ: ORLY) Stoneridge, Inc. (NYSE: SRI) Piedmont Lithium Inc. (NASDAQ: PLL) Wallbox N.V. (NYSE: WBX) Standard Motor Products, Inc. (NYSE: SMP) Waldorf Astoria, Las Vegas October 31 and November 1, 2022 Day 1 registration link: https://gabelli.zoom.us/webinar/register/WN_NKrH5fqjSDiuCqALhqrDRg Day 2 registration link: https://gabelli.zoom.us/webinar/register/WN_n2qRsCPgRMmWurSgVA_GnQ For general inquiries or to request one-on-one meetings, contact: Miles McQuillen, AVP Private Wealth Management, MMcQuillen@gabelli.com Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

When compiling my small-cap stock picks, I tried to choose names that seemed to be benefiting from this new, more “risk-on” environment. Among the encouraging features of the August Consumer Price Index report were the 0.1% month-over-month increase in the headline number and the deceleration of the year-over-year CPI to 8.3% from 8.5% in July, Additionally, the increase in the labor participation rate last month should put downward pressure on wages.

Embark Technology (NASDAQ: EMBK ) shares are trending on Friday, as the stock explodes higher on the day. At its high, EMBK stock was up almost 126% in the session.