Motorcycle.com has just published an article regarding H-D going public with their LiveWire electric motorcycle company. Here is their financing plan, which frankly I don't really understand:
ABIC will put in $400 million (held in trust, pending no redemptions from its shareholders), with Harley-Davidson and Kymco each investing $100 million. Harley-Davidson will retain a 74% equity interest in LiveWire. ABICís shareholders will hold 17.3% equity, with Kymco holding about 4.3%. ABICís founders John Garcia and Michele Giddens will also hold about 4.3% between them. Jochen Zeitz, Harley-Davidsonís chairman and chief executive officer, will hold the same positions with LiveWire for up to two years following the transaction, with Ryan Morrissey serving as the companyís president.
And here is a link to the long article regarding this story should you want to try to know more regarding this business and financing plan. To me it sounds like a huge amount of spin. Enough to make the LiveWire take off like a helicopter.