Harley-Davidson spins off its electric motorcycle division in $1.8-billion SPAC merger

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New shares of LiveWire Group Inc were down 1.3% in afternoon trading after making its U.S. market debut on Tuesday

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.

Last year, the EV unit agreed to merge with special purpose acquisition company AEA-Bridges Impact Corp. “I think there was probably a more optimal time to do this,” said Jaime Katz, a senior equity analyst at Morningstar. “Maybe there was something facilitating the actual execution that was sort of like now or never.”

 

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