We are investigating whether Embark Technology, Inc. (Nasdaq: EMBK) (“Embark”) has violated federal securities laws. If you suffered losses as a result of EMBK’s recent stock drops, and have questions about your legal rights, please contact us using the form below to discuss your options at no charge.
Why is there an investigation?
On January 6, 2022, The Bear Cave issued a report on Embark alleging that “Embark’s current valuation appears to be based on puffery rather than actual substance.” Since the release of the report, Embark’s stock price has fallen from $8.18 at the close on January 5, 2022, to $5.80 at the close on January 11, 2022, a drop of nearly 30%.
Wohl & Fruchter is investigating whether Embark made any false and misleading statements, or omitted any material facts, in its presentations to investors.