On May 25, 2023, Embark Technology, Inc. (Embark) entered into an Agreement and Plan of Merger with Applied Intuition, Inc. (Applied) and Azara Merger Sub, Inc. (Merger Sub). The Merger Agreement provides that, subject to the terms and conditions set forth therein, Merger Sub will merge with and into Embark with Embark continuing as the surviving corporation of the Merger and a wholly owned subsidiary of Applied. The Merger was consummated on August 2, 2023.

On August 2, 2023, and as a result of the consummation of the Merger, immediately following the Effective Time, Alex Rodrigues, who was the Chief Executive Officer of Embark prior to the Effective Time, resigned as Chief Executive Officer of Embark effective as of immediately prior to the Effective Time.