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.”