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Big Law

Harley-Davidson Completes $1.8M SPAC Merger in Electric Motorcycle Unit

Harley-Davidson Inc on Tuesday spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States.

New shares of LiveWire Group Inc, Harley-Davidson’s former electric motorcycle subsidiary, were up 1.5% in their U.S. market debut on Tuesday following the unit’s $1.77 billion merger with a blank-check firm.

Last year, the EV unit agreed to merge with special purpose acquisition company AEA-Bridges Impact Corp.

Read the source article at cnbc.com

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