Harley-Davidson: Livewire to go public

(CercleFinance.com) - Iconic motorbike group Harley-Davidson has announced that it has agreed to merge LiveWire, its electric motorbike division, with SPAC AEA-Bridges Impact Corp (ABIC) to create a new company that will be listed on the New York Stock Exchange.


The net proceeds of 545 million dollars will fund LiveWire's strategic plan to accelerate its go-to-market model, invest in new product development, and strengthen its global manufacturing and distribution capabilities.

Harley-Davidson will retain about a 74% stake in the combined company. The transaction is expected to close in the first half of 2022 and remains subject to ABIC shareholder approval and other customary conditions.


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