Benzinga | Dec 13, 2021 07:26AM EST

Harley-Davidson to Spin Off its EV Unit Into Separate Publicly Traded Company

Harley-Davidson, Inc. ("Harley-Davidson") (NYSE:HOG), the world's most desirable motorcycle company, and AEA-Bridges Impact Corp. ("ABIC") (NYSE:IMPX), a special purpose acquisition company with a dedicated sustainability focus, sponsored by executives of AEA Investors and Bridges Fund Management, today announced that they have entered into a definitive business combination agreement under which ABIC will combine with LiveWire (the "Company"), Harley-Davidson's electric motorcycle division, to create a new publicly traded company. Its common stock is expected to be listed on the New York Stock Exchange under the symbol "LVW".