LiveWire Stock Plunges Over 40% After Going-Concern Warning — SkimNews
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- LiveWire traces its origins to Harley-Davidson and operates as an electric motorcycle maker.
- LiveWire announced that it has substantial doubt about its ability to continue operating as a going concern.
- LiveWire’s stock plunged more than 40% on Thursday morning after the disclosure.
Why it matters: The disclosure puts LiveWire’s continuity at issue: the company has stated substantial doubt about continuing as a going concern, while the more-than-40% Thursday selloff quantifies the market’s immediate response. For shareholders, the material change is a sharply lower share price alongside the company’s explicit warning about its ability to keep operating.
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