Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Harley Davidson surges on SPAC deal to list electric-motorcycle unit and ex-Commerzbank CEO SPAC reaches digital entertainment deal
Harley Surges on SPAC Deal to List Electric-Motorcycle Unit
Harley-Davidson Inc. (NYSE:HOG) jumped the most in 13 months after the company said it would list its electric-motorcycle unit publicly through a merger with a blank-check company, capping off a busy year for reverse mergers in the electric-vehicle industry.
Harley rose 15% to $42.43 at 9:38 a.m. in New York after climbing as much as 18%, the most intraday since late October 2020.
The LiveWire division will merge with AEA-Bridges Impact Corp. (NYSE:IMPX), a SPAC that focuses on sustainability, and is expected to trade on the New York Stock Exchange under the ticker symbol “LVW,” the companies said in a statement Monday.READ
Ex-Commerzbank CEO SPAC Reaches Digital Entertainment Deal
The SPAC backed by Martin Blessing, a former chief executive officer of Commerzbank AG, will merge with Dutch digital entertainment company Azerion Holding BV.
The deal between Blessing’s SPAC, called EFIC1, values Azerion at about 1.3 billion euros ($1.5 billion), the two companies said in a statement Monday that confirms an earlier Bloomberg report. The company will rename as Azerion Group NV and start trading on the Amsterdam stock exchange in February.READ