Investors Ink $2.5M Deal With Troubled Autonomous Truck Co.
By Emilie Ruscoe ( May 18, 2023, 5:36 PM EDT) -- Investors in self-driving truck company Embark Technology Inc. have asked a California federal judge to give an initial green light to a $2.5 million deal resolving claims Embark hurt them by miscategorizing certain shares as it prepared for a 2021 merger with a blank-check company, noting they reached the deal amid the "very high risk" that Embark might dissolve or seek bankruptcy protection....
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