AcquisitionsMay 22, 2026, 05:32 PM
LiveWire Group Acquires Dust Motorcycles for $375K Cash + Stock
AI Summary
LiveWire Group, Inc.'s subsidiary, LiveWire EV, LLC, completed the acquisition of substantially all assets of Dust Motorcycles, Inc. for $375,000 in cash, $500,000 in common stock, and potential future stock payments totaling up to $13,875,000. This acquisition expands LiveWire's capabilities in electric motorcycles and dirt bikes. Additionally, LiveWire EV, LLC entered into an amended and restated contract manufacturing agreement with KYMCO, revising exclusivity terms for the Parisian maxi-scooter and future products for five years and changing the pricing model to FOB. The company also held its 2026 Annual Meeting of Stockholders.
Key Highlights
- LiveWire EV, LLC acquired substantially all assets of Dust Motorcycles, Inc. on May 18, 2026.
- Acquisition includes assets for design, development, manufacture, and distribution of electric motorcycles and dirt bikes.
- Consideration includes $375,000 in cash and $500,000 in common stock issued promptly.
- Three annual installment payments of $875,000 each in common stock are due on anniversaries.
- Contingent earn-out payments up to $11,250,000 in common stock are possible.
- LiveWire EV, LLC and KYMCO amended their contract manufacturing agreement on May 19, 2026.
- KYMCO will be the exclusive manufacturer for the Parisian maxi-scooter and future products for five years.
- Pricing construct was modified to FOB (Free on Board) instead of a cost-plus model.
Price Impact
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