Harley's electric motorcycle division to go public via $1.7 billion SPAC deal

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The deal with AEA-Bridges Impact Corp will be funded by the blank-check company’s $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.

Harley’s shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.

Jochen Zeitz, Harley’s current chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.