Autonomous Trucking Company Embark Trucks Lands SPAC Deal: What Investors Should Know Another company seeking to disrupt the $700-billion trucking freight market is going public, with autonomous vehicle company Embark Trucks announcing a SPAC deal Wednesday morning. The SPAC Deal: Embark Trucks is going public via a SPAC deal with Northern Genesis Acquisition Corp II (NYSE: NGAB ) that values the company at a pro forma enterprise value of $4.55 billion. A fully funded PIPE includes investments from Sequoia Capital, Canada Pension Plan and Knight-Swift Transportation Holdings (NYSE: KNX ). Elaine Chao, former secretary of transportation and secretary of labor, is joining Embark''s board. Current public NGAB shareholders will own 8% of the company after the merger. About Embark: Focused exclusively on the U.S. trucking market, Embark is Americas longest running self-driving truck program, according to Full story available on Benzinga.com