Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public

LiveWire, the electric motorcycle company spun out of Harley-Davidson, is going public by merging with a special acquisition company, or SPAC. The transaction will net LiveWire approximately $545 million at a pro forma enterprise value of approximately $1.77 billion, Harley-Davidson says in its announcement. LiveWire is the latest electric vehicle company to go public by merging with a SPAC, which are also known as “blank check” companies.

LiveWire is merging with AEA-Bridges Impact Corp. (ABIC), a SPAC formed by John Garcia and Michele Giddens, two private equity executives based in New York and London, respectively. Garcia and Giddens teamed up last year with the express purpose of merging with a business that is working toward the...

Continue reading…



from The Verge - All Posts https://ift.tt/30pwVHE
Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public Harley-Davidson’s electric motorcycle brand LiveWire is merging with a SPAC to go public Reviewed by Benny on December 13, 2021 Rating: 5

No comments:

Powered by Blogger.