ZombieConsumer
What Happened to Holley?
Ticker: HLLYSPAC Year: 2020
Return
-70.9%
Current Price
$2.91
Peak Price
$14.68
Trust Size
$1.2B
Summary
Holley is the largest and most diversified platform of performance automotive aftermarket brands, including iconic names in carburetors, exhaust, and engine management.
What Happened
Holley went public in July 2021 through a merger with Empower Ltd at a $1.55 billion enterprise value. The company has over 100 years of history making high-performance auto parts and owns brands like MSD, Flowmaster, and Accel. As a public company, Holley has struggled with declining demand for discretionary aftermarket parts and high debt from its leveraged buyout history, with the stock falling well below its SPAC price.
Timeline
2020-09-25
S-1 Registration Filed