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LiveWire becomes the first EV motorcycle company to list on the NYSE

By General Posts

Harley-Davidson, LiveWire and AEA-Bridges Impact Corp Announce Closing of Business Combination

• LiveWire raises approximately $334m in gross proceeds
• LiveWire becomes the first EV motorcycle company to list on the NYSE
• Trading beings on September 27th under the new ticker “LVWR” on the New York Stock Exchange

MILWAUKEE, NEW YORK and LONDON (September 27, 2022)  —
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 the completion of their previously announced business combination under which LiveWire EV, LLC (the “Company”), Harley-Davidson’s electric motorcycle division, 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 will operate as LiveWire Group, Inc. (“LiveWire”) and its common stock and warrants will begin trading on the New York Stock Exchange (“NYSE”) under the symbols “LVWR” and “LVWR WS,” respectively today, September 27, 2022.

Through this combination, LiveWire will become the first and only EV motorcycle company in the U.S. to list 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,” said 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 celebration of our listing today, we’re pleased to open reservations for the production version of the S2 Del Mar for the U.S. market.”

LiveWire will be ringing the opening bell at the NYSE today, to celebrate LiveWire’s public listing

Soulful by design, LiveWire is transforming the everyday into urban adventure and beyond. Building a future for riders differentiated by look, sound, and feel. LiveWire is leading the electrification of motorcycling by means of design, software and experience. Backed by 119-years of engineering and manufacturing heritage but with the agility of a start-up, LiveWire is well positioned to define the future of two-wheel EV.

About LiveWire
LiveWire is the future in the making for the pursuit of urban adventure and beyond. Drawing on its DNA as an agile disruptor from the lineage of Harley-Davidson and capitalizing on a decade of learnings in the EV sector, LiveWire’s ambition is to be the most desirable electric motorcycle brand in the world. With a dedicated focus on EV, LiveWire plans to develop the technology of the future and to invest in the capabilities needed to lead the transformation of motorcycling. LiveWire benefits from Harley-Davidson’s engineering expertise, manufacturing footprint, supply chain infrastructure, and global logistics capabilities. Innovating by design and attracting industry-leading talent, LiveWire is headquartered virtually, with initial hubs in Silicon Valley, CA (LiveWire Labs) and Milwaukee, WI. www.livewire.com

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About Harley-Davidson : Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Our ambition is to maintain our place as the most desirable motorcycle brand in the world. Since 1903, Harley-Davidson has defined motorcycle culture by delivering a motorcycle lifestyle with distinctive and customizable motorcycles, experiences, motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get riders on the road. www.harley-davidson.com

Advisors : J.P. Morgan Securities LLC served as financial advisor to Harley-Davidson, and Latham & Watkins LLP acted as legal counsel to Harley-Davidson. Credit Suisse Securities (USA) LLC served as financial advisor and capital markets advisor to ABIC. Citigroup Global Markets Inc. served as capital markets advisor to ABIC. Kirkland & Ellis LLP acted as legal counsel to ABIC.

Forward-Looking Statements Legend
This communication may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning LiveWire’s possible or assumed future results of operations, business strategies, debt levels, competitive position, industry environment, potential growth opportunities and the effects of regulation, including whether the business combination between the Company and ABIC (the “Business Combination”) will generate returns for shareholders. These forward-looking statements are based on Harley-Davidson’s or LiveWire’s management’s current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this communication, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Harley-Davidson’s or LiveWire’s management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to: (a) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of LiveWire to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (b) costs related to the Business Combination; (c) changes in applicable laws or regulations, including legal or regulatory developments (including, without limitation, accounting considerations) which could result in the need for LiveWire to restate its historical financial statements and negatively impact the trading price of LiveWire’s securities; (d) the possibility that Harley-Davidson and LiveWire may be adversely affected by other economic, business, and/or competitive factors; (e) Harley-Davidson’s ability to execute its business plans and strategies, including The Hardwire; (f) LiveWire’s estimates of expenses and profitability and (g) other risks and uncertainties indicated from time to time in the final prospectus of LiveWire, including those under “Risk Factors” therein, and other documents filed or to be filed with the Securities and Exchange Commission by Harley-Davidson or LiveWire. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Harley-Davidson and LiveWire assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Harley-Davidson nor LiveWire gives any assurance that LiveWire will achieve its expectations.

Riding Free since 1996

NCOM Biker Newsbytes for September 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM).

In the News this Month:

  • QEII RIP
  • NEW STUDY REVEALS SELF-DRIVING CARS ARE NOT SAFE FOR MOTORCYCLISTS
  • SELF-DRIVING CARS ARE COMING, SOONER THAN LATER
  • CALIFORNIA VOTES TO BAN NEW GAS CAR SALES BY 2035
  • NOTEWORTHY TOO: MAJOR HEATWAVE IN CHINA DISRUPTS SUPPLY CHAIN
  • TEN ELECTRIC MOTORCYCLES DUE FROM HONDA BY 2025
  • ILLINOIS ANNOUNCES ROUND TWO OF ITS EV REBATE PROGRAM, INCLUDING BIKES
  • BIG BROTHER MAY PUT AN END TO SPEEDING IN NEW YORK
  • ONE OF THE WORLD’S MOST POPULATED NATIONS SET TO BAN ALL MOTORCYCLES

Catch all the Details by Clicking Here.

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MRF Updates: Wee Tol You So….

By General Posts

August 26, 2022: We Told You So…

At last year’s MRF Meeting of the Minds in Atlanta, Georgia the fate of the internal combustion engine was discussed. In fact, at the urging of ABATE of Illinois, the following language was added to the MRF’s 2022 Legislative Priorities: “Work to ensure the survival of combustion engines. Including elimination of the California air quality waivers which threaten combustion engine production.”

In October of 2021 California Governor Gavin Newson signed a bill into law banning the sale of all off-road, gas-powered engines, including generators, lawn equipment, pressure washers, chainsaws, weed trimmers, and even golf carts.

And less than one year later we learn this, the California Air Resources Board (CARB) that governs motor vehicle emissions for the state adopted new rules that will require 35% of the new cars sold in the state are electric or plug-in hybrids by 2026, with that percentage rising to 68% by 2030 and 100% by 2035.

That’s right gas burning cars will no longer be for sale in the country’s largest state in less than 15 years. Other states, including Massachusetts and Washington have already signaled that they would follow California’s lead.

  • What does the future of motorcycling look like?
  • Will the bike you are riding today be legal in a few years?
  • What will your kids or grandkids be riding… or will they even be allowed to own a motorcycle?

Your Freedom is under assault and without your help we can’t fight back!

Thank you to all the members of the Motorcycle Riders Foundation for defending your Freedoms.

We need all street riders to join this fight.

Ride Safe and Ride Free!

About Motorcycle Riders Foundation: The Motorcycle Riders Foundation (MRF) provides leadership at the federal level for states’ motorcyclists’ rights organizations as well as motorcycle clubs and individual riders. The MRF is chiefly concerned with issues at the national and international levels that impact the freedom and safety of American street motorcyclists. The MRF is committed to being a national advocate for the advancement of motorcycling and its associated lifestyle and works in conjunction with its partners to help educate elected officials and policymakers in Washington and beyond.

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Get the motorcycling News that matters, every Thursday only on Bikernet.com – click here

RIDING FREE for 25 Years

NCOM Biker Newsbytes for August 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

In the News this Month:

  • Motorcyclist killed by self-driving car — “the driver of the Tesla said he had the ‘auto-pilot’ setting on…he told police he didn’t see the motorcyclist.”
  • UN set to allow increased speed for autonomous vehicles
  • Honda developing lane assistance system for the “bikes of the future”
  • UK wants to ban the sale of new fossil fueled motorcycles
  • Jury acquits trucker charged with seven-count motorcycle homicide (Yes! Its that New Hampshire trucker!!!)
  • Petition calls for proper punishment for Bike thieves
  • Sturgis traffic down, but still higher than average
  • Bonneville motorcycle speed trials cancelled due to flooding
  • Gold Wing Road Riders Association (GWRRA) calls it quits
  • SAVE THE DATE 2023 NCOM Conevention in Phoenix

Click here to read important motorcycle related NCOM news for August 2022 on Bikernet.com

THE AIM / NCOM MOTORCYCLE E-NEWS SERVICE is brought to you by Aid to Injured Motorcyclists (A.I.M.) and the National Coalition of Motorcyclists (NCOM), and is sponsored by the Law Offices of Richard M. Lester. If you’ve been involved in any kind of accident, call us at 1-(800) ON-A-BIKE or visit www.ON-A-BIKE.com.

QUOTABLE QUOTE:
“But where, says some, is the king of America? I’ll tell you. . . . let a crown be placed . . . , by which the world may know, . . . that in America the law is king. For in absolute governments the king is the law, so in free countries the law ought to be king; and there ought to be no other . . . ” ~ Thomas Paine (1776), Patriot

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Riding Free for 25 years!!!

NCOM Biker Newsbytes for July 2022

By General Posts

Silver Spoke Winners 2022

Industry & Legislative Motorcycle News from USA and the world
Compiled & Edited by Bill Bish

  • NCOM Convention Rocks Nashville
  • New Motorcycle Organizations join NCOM
  • Fuel Transperancy
  • Tennessee waives Registration Fees for One Year
  • Iowa ATV Riders now have greater access to State Roads
  • New York gets tough on Non-Legal Road Bikes
  • No more Licenses required for Three-Wheelers in Utah

CLICK Here to Read this July Newsbytes on Bikernet.com

The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services
Visit: www.ON-A-BIKE.com or contact 800-ON-A-BIKE.

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New Petrol Motorcycles still getting launched in India?

By General Posts

A motorcycle major has launched a new model to compete in mid-segment motorcycles below 750cc.

Even as Electric two-wheeler and four-wheeler demands keep increasing, why would people still want some ICE engines?

How & why global net zero emissions and electrified vehicles cannot be achieved as simply as signing international agreements? Apart from few options to generate electricity, its not really developing nations’ vehicles that consume most fuel.

READ the full Article with examples at Bikernet.com – Click Here

Editor’s Note: Views expressed or reported in the Article are those of the author alone.

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NCOM Biker Newsbytes for May 2022

By General Posts

National Coalition of Motorcyclists (NCOM) News provides updates on motorcycle industry, market, legislation, rights of bikers, motorcyclists in USA, and motorcycle news from around the world.

THIS MONTH –

  • US President Recognizes Motorcycle Awareness Month
  • Traffic Deaths Top 16 Year High
  • Teenagers More Likely To Die in Car Crash Than by COVID
  • European Motorcyclists Fight to Protect Rider Data
  • New Hampshire Outlaws Motorcycle Profiling
  • Seeking Support for Federal Anti-Profiling Measure
  • California may Establish Pilot Noise Camera Program
  • NCOM Nashville – Be There If you Care

CLICK HERE To Read the May-2022 NCOM Biker Newsbytes

ABOUT AIM / NCOM: The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services (www.ON-A-BIKE.com / 800-ON-A-BIKE).

The 37th annual NCOM Convention in Nashville, Tennessee will draw hundreds of bikers’ rights activists from across America to “Music City, USA” from June 17-19 at the Embassy Suites by Hilton Nashville Airport, 10 Century Blvd. (615-871-0033 for room reservations), to discuss and develop legal and legislative strategies regarding issues of concern to all riders.

For more information, or to pre-register (by June 10), call the National Coalition of Motorcyclists at (800) 525-5355 or visit www.ON-A-BIKE.com. ALL motorcyclists are welcome and encouraged to attend!

You get one of the books from the various titles for Free with a 2 year Cantina membership.

 

Grab these while they last – just like your ICE engine & gas. Click & checkout the exclusive books that reveal how things were and where we are heading. Better directions than popular media.

You get one of the books from the various titles for Free with a 2 year Cantina membership.

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NCOM Biker Newsbytes for March 2022

By General Posts

Industry & Legislative Motorcycle News from USA and the world

Compiled & Edited by Bill Bish

National Coalition of Motorcyclists (NCOM) News provides updates on motorcycle industry, market, legislation, rights of bikers, motorcyclists in USA, and motorcycle news from around the world.

In this bulletin:

  • MOTORCYCLISTS HELP OUT UKRAINE
  • E.U. BANS MOTORCYCLE EXPORTS TO RUSSIA
  • U.S. TRAFFIC FATALITIES / FATALITY RATE HIGHEST IN A DECADE
  • ARIZONA LEGISLATURE APPROVES LANE FILTERING
  • NEW HAMPSHIRE LEGISLATOR CLAIMS BEING PROFILED FOR RIDING A MOTORCYCLE
  • MOTORCYCLES ARE GOOD FOR YOUR BRAIN AND BODY
  • SMART MOTORWAY FAILS
  • 2022 NCOM CONVENTION – NEW DATES & LOCATION ANNOUNCED

CLICK HERE To Read the March 2022 NCOM Newsbytes on Bikernet.com

The National Coalition of Motorcyclists (NCOM) is a nationwide motorcyclists rights organization serving over 2,000 NCOM Member Groups throughout the United States, with all services fully-funded through Aid to Injured Motorcyclist (AIM) Attorneys available in each state who donate a portion of their legal fees from motorcycle accidents back into the NCOM Network of Biker Services (www.ON-A-BIKE.com / 800-ON-A-BIKE).

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Different Types of Fire Extinguishers for your Workshop

By General Posts

Different types of Fire? Yes !
Know the Class Category for Fire Extinguishers

by Keith Dooley and Roger Tunsley from ehow.com

Auto garages are full of electrical equipment, gasoline, oil and chemicals, any of which can cause or make a fire worse.

For this reason, it is best that your workshop is equipped with relevant type/s of fire extinguishers to deal with different types of fire.

Fires are classified by the type of material that’s burning.

There’s a broad international agreement on fire classifications in Australia, Asia and Europe.

But the American classifications differ.

CLICK HERE To Read this key Tip for your DIY Workshop or full-fledged Garage business.

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