Harley-Davidson and AEA-Bridges Impact announced a merger between the SPAC and Harley’s electric motorcycle division Livewire. If approved, Livewire is expected to list on the New York Stock Exchange under the symbol LVW.
The transaction will be financed by ABIC’s $400 million cash in trust, a $100 million investment from Harley-Davidson, and a $100 million investment from KYMCO, through a PIPE.
The combined company is expected to have an enterprise value of approximately $1.77 billion and post-money equity value of approximately $2.31 billion at closing. Read more.
