AEA-Bridges Impact in an 8-K filing announced shareholders voted in favor of merging with LiveWire, Harley-Davidson’s electric motorcycle division.
The regulatory filing did not mention redemptions, if any, although the SPAC had traded below its trust value in the weeks leading up to the Sept. 14 redemption deadline.
Still, the SPAC said the transaction is expected to close Sept. 26, with LiveWire’s stock and warrants set to begin trading the following day on the NYSE under the symbols LVWR and LVWR WS.
At deal announcement last December, the transaction was to be financed by the SPAC’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 was expected to have an enterprise value of approximately $1.77 billion and post-money equity value of approximately $2.31 billion at closing, assuming no share redemptions ahead of the merger vote. Read more.
