Yesterday LiveWire became the first EV motorcycle company to list on the New York Stock Exchange and raised approximately $336m in gross proceeds in the process! Complete with a phalanx of new LiveWire EVs on the steps of the Exchange, the bell rang in trading under the new “LVWR” ticker symbol 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,” proclaimed 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 conjunction with the ticker tape launch, Zeitz sweetened the deal by announcing: “In celebration of our listing, we’re pleased to open reservations for the production version of the S2 Del Mar for the U.S. market.”
An innovative SPAC program made the stock listing possible. AEA-Bridges Impact Corp. — a special purpose acquisition company (SPAC) completed their previously announced business combination under which LiveWire EV, LLC 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. Upon completion of the business combination, the combined public company operates as LiveWire Group, Inc. (“LiveWire”) and its common stock and warrants trading on the New York Stock Exchange (“NYSE”) under the symbols “LVWR” and “LVWR WS,” respectively.