Harley Davidson's EV unit to go public via $1.77 bln SPAC deal; shares rise

LiveWire

13/12/2021 13:02

** Harley Davidson  HOG.N  gains 13% premarket after its
electric motorcycle subsidiary, LiveWire, announces a merger
with special purpose acquisition co AEA-Bridges Impact Corp
 IMPX.K  that will take the unit public 
    ** IMPX.K gains 3.6% at $10.2, while HOG up 13% at $41.37
    ** Co's stock expected to be listed on NYSE under the ticker
symbol "LVW"
    ** Deal has an enterprise value of about $1.77 bln
    ** Transaction net proceeds of $545 mln to fund LiveWire's
plans to accelerate its go-to-market model  urn:newsml:reuters.com:*:nPn2l7Dpka
    ** YTD, IMPX shares down 3%, while HOG shares up 0.3%

 (Reporting by Anisha Sircar in Bengaluru)
 ((Anisha.Sircar@thomsonreuters.com;))