Big Law
Harley-Davidson’s Electric-Vehicle Division Plans to Go Public in a SPAC Merger
Thanks to a new merger deal, Harley-Davidson’s electric motorcycle company known as LiveWire will become the first publicly traded electric motorcycle company in the US.
The deal was formed between three companies: Harley-Davidson, the special purpose acquisition company (SPAC) AEA-Bridges Impact Corp, and Taiwanese electric scooter giant KYMCO.
The deal will be financed with $400 million in cash held by AEA-Bridges Impact Corp, a $100 million investment from Harley-Davidson, and a $100 million investment from KYMCO through a private investment in public equity (PIPE) deal.
