(36.81) Cos 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".
Date: 2021-12-13 17:42:21, Author: u/InvestTradeEarn, (Karma: 1898, Created:Mar-2021)
SubReddit: r/spacs, DD Click Here
PICTURES DETECTED: this DD post is better viewed in it's original post
Tickers mentioned in this post:
HOG 38.54 |IMPX 10.2 |RICH N/A |
THIS WILL CONTINUE TO BE UPDATED
https://preview.redd.it/vtv8x4b61e581.jpg?width=730&format=pjpg&auto=webp&s=db849d7327b75b403ee1a6782b0997700773f1a2
The company and their product is already an established success
-There are existing models ON THE ROAD already. This is unlike a speculative SPAC with an idea but no product -- rather, this company has existing sellable products with even more to come.
-The first model was already became the best-selling electric motorcycle in the country
https://electrek.co/2021/01/12/harley-davidson-likely-wont-cancel-the-livewire-electric-motorcycle/
Government mandates and incentives make this a very lucrative sector
-$7,500 rebate on EV motorcycles, with Build back better approval
-Many EV mandates are coming into place over the next 10 years, eventually squelching out all non-EV vehicles
Market share, customer base, and name recognition create an instant and robust market
-Look at the 45% US market share and 68% China market share (the most populous country)
https://preview.redd.it/ulrsr17dzd581.png?width=1029&format=png&auto=webp&s=2303ab4bd781ff68b91ad1379a7fe5db39f1d3c8
https://preview.redd.it/tse4j17dzd581.png?width=898&format=png&auto=webp&s=c97867cfd40fa0792a315dd091192cf6a3dbd864
Fantastic financial support with uniquely safe value protection offered in the deal
-7 year lockup period included (see below)
-Harley Davidson is backstopping up to 100 million in redemptions! (see below)
https://preview.redd.it/wn48qvagzd581.png?width=969&format=png&auto=webp&s=6f24a050103e2c4af2ccacf85b089d1ca709f8c5
https://preview.redd.it/8vnb
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