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LiveWire Goes Live as Harley-Davidson and AEA-Bridges Complete Business Combination

Stock Markets Sep 27, 2022 10:32
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By Michael Elkins 

Harley-Davidson (NYSE:HOG) and special purpose acquisition company, AEA-Bridges Impact Corp. (NYSE:IMPX) announced today the completion of their previously announced business combination under which Harley-Davidson's electric motorcycle division, LiveWire EV combined with ABIC to create a new public company.

The business combination was officially approved at an extraordinary general meeting by ABIC stockholders on September 16, 2022. The public company will operate as LiveWire Group, Inc. (LVWR) and will begin trading publicly today, September 27th under symbols "LVWR." Through this combination, LiveWire will become the first and only EV motorcycle company in the U.S. to list on the NYSE.

"This transaction represents a proud and exciting milestone for LiveWire towards its ambition to become the most desirable electric motorcycle brand in the world," said Jochen Zeitz, Chairman, President and CEO of Harley-Davidson, and Chairman and CEO of LiveWire. "We believe LiveWire is well positioned to define the two-wheel EV market, and we're excited about the future – in celebration of our listing today, we're pleased to open reservations for the production version of the S2 Del Mar for the U.S. market."

Shares of LVWR are down 1% in mid-day trading Tuesday.

LiveWire Goes Live as Harley-Davidson and AEA-Bridges Complete Business Combination
 

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