LiveWire warns of going-concern risks and explores financing options
LiveWire said it has substantial doubts about its ability to continue as a going concern. The company is considering new financing, strategic partners or a sale, despite recent growth in electric motorcycle sales.
LiveWire has filed a warning about substantial doubts over its ability to continue as a going concern, citing business continuity risks. The Harley-Davidson spin-off said it is exploring options that include new financing, strategic partners or a sale.
The company said its electric motorcycle sales have recently increased, but its liquid assets have shrunk to just under $40 million. No further details were provided in the source about the timing or terms of any possible transaction.
The filing highlights the financial pressure on the company even as sales improve. LiveWire has not said which option it will pursue.