AEA-Bridges Impact Corp. (NYSE:IMPX) announced in an 8-K this afternoon that its shareholders approved its combination with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire at a special meeting held earlier today.
Holders of 35,761,579 ordinary shares were present in person or by proxy at today’s meeting, representing approximately 71.52% of IMPX’s voting power. The deal was approved with 33,591,921 votes in favor of it and 2,162,927 against the transaction.
The 8-K did not disclose redemption numbers, but IMPX traded below its trust value of $10 throughout its redemption deadline September 14. IMPX climbed 4.42% today, closing at $10.15, but is currently down 1.48% to $10 in after-hours trading, while HOG fell 0.95% today and closed at $40.71.
Nonetheless, the parties now expect to close the deal on September 26. Following the consummation of the transaction, the combined company’s common stock and warrants are expected to begin trading on the NYSE under the symbols “LVWR” and “LVWR WS,” respectively, on September 27.
AEA-Bridge Impact announced its $1.77 billion combination with LiveWire on December 13, 2021. Milwaukee-based LiveWire plans to draw on its DNA as an agile disruptor from the lineage of Harley-Davidson to capitalize on a decade of learnings in the EV sector.
All other proposals on the ballot, such as the charter proposal, governing documents, and the incentive plan, were also approved at today’s meeting.
ADVISORS
- J.P. Morgan Securities LLC is serving as financial advisor to Harley-Davidson, and Latham & Watkins LLP is serving as legal counsel.
- Credit Suisse Securities (USA) LLC is serving as financial advisor and capital markets advisor to ABIC.
- Citigroup Global Markets Inc. is serving as capital markets advisor to ABIC.
- Kirkland & Ellis LLP is acting as legal counsel to ABIC.
Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...