Positioned to create value by offering broader portfolio of high performing commercial EVs at lower unit costs, targeting ~$23B medium-duty market1 Strengthened financial profile with access up to $50 million in new debt financing Combined company to be called Workhorse and trade on Nasdaq under “WKHS” Scott Griffith, Workhorse CEO, issues letter to shareholders highlighting strategic vision and go-forward priorities  WIXOM, Mich., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Work ...

Workhorse (WKHS) stock closed down another 7% as investors remain wary of the commercial EVs specialist after its 1-for-12 reverse stock split on Dec. 8. The split reduced the total number of WKHS shares outstanding from about 26 million to roughly 2.17 million only, with fractional shares being rounded up to the nearest whole number rather than issued separately. More News from Barchart Even after the reverse split, Workhorse remains essentially a penny stock, trading at a little over $7 per share. ww ...

Worhorse Group Inc. (NASDAQ:WKHS) shares were trading higher but have since reversed and begun trading lower after the company’s previously announced 1-for-12 reverse stock split went into effect.What To Know: The reverse split took effect at Monday's market open, and the stock began trading on a split-adjusted basis. Stockholders approved the move on Nov. 25, authorizing the board to enact a reverse split at a ratio between 1-for-8 and 1-for-12.The board implemented a 1-for-12 ratio, reducing outstanding s ...

Core Insights - The AI boom is significantly impacting energy supply dynamics, particularly in Texas, where the data center pipeline has reached 245 GW, nearly doubling in two quarters [2][3] - Developers are increasingly building their own power plants to ensure reliable energy supply, moving away from traditional utility dependence [4][11] - The shift towards onsite generation is reshaping the energy landscape, with natural gas being the primary energy source for many new projects [5][12] Energy Supply Dynamics - The US data-center pipeline has expanded to 245 GW, a figure that dwarfs previous crypto mining efforts [2] - Texas has become the focal point for this expansion, with planned capacity nearly doubling in just six months [2] - The industry is transitioning from "fibre adjacency" to prioritizing access to power as a critical survival factor [3] Developer Strategies - Developers are constructing large-scale power plants to bypass utility grid limitations, with some opting for natural gas due to proximity to resources like the Permian Basin [4][5] - Projects like five-gigawatt campuses in Midland County and two-gigawatt parks illustrate the scale of these developments [5] - Some developers are also exploring renewable energy sources, but these are primarily used for balancing rather than as primary energy sources [6] Capital Deployment Trends - A small percentage of projects (2%) account for a disproportionate share (42%) of total capital deployment, indicating a concentration of investment in large-scale projects [7][9] - Notable projects include Project Jupiter in New Mexico at USD 160 billion and Project Kestrel in Missouri at USD 100 billion, showcasing extreme capital requirements [9] Market Implications - The shift towards onsite generation is expected to tighten the natural gas market, impacting long-term prices and electricity costs for consumers [12][13] - The increasing demand from AI-driven data centers may crowd out traditional utilities, complicating their ability to meet rising energy needs [13] - Regulatory responses are anticipated as the energy landscape evolves, particularly if private energy demands disrupt existing supply chains [14][15]

Core Viewpoint - Workhorse Group, Inc. has received shareholder approval for its merger with Motiv Electric Trucks, marking a significant step towards creating a leader in the medium-duty electric vehicle market [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. for last-mile delivery and medium-duty operations [3]. Merger Details - The merger with Motiv is expected to close in the coming weeks, pending customary closing conditions, including new debt financing and Nasdaq approval [2]. - The merger aims to combine two innovators in the medium-duty electric vehicle space, enhancing service to a blue-chip customer base [2]. Future Outlook - The CEO of Workhorse expressed optimism about the merger, highlighting the potential benefits for shareholders from the combined company's growth [2].

Investors might want to bet on Workhorse Group (WKHS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...

Financial Data and Key Metrics Changes - The preliminary results indicate that all proposals presented at the meeting have been approved by stockholders, which may impact future financial strategies and capital structure [7][8]. Business Line Data and Key Metrics Changes - Specific product portfolio plans for the merged company will be executed by the new leadership team, focusing on commercial electric vehicles (EVs) which are expected to have lower total cost of ownership compared to internal combustion engine (ICE) vehicles [15][16]. Market Data and Key Metrics Changes - The company anticipates a significant demand for new commercial EV markets in classes 4, 5, and 6, indicating a competitive landscape where at least two U.S.-based original equipment manufacturers (OEMs) will be necessary to meet this demand [16]. Company Strategy and Development Direction - The company aims to leverage U.S.-based assembly capabilities and engineering expertise to design robust trucks, emphasizing the importance of domestic production for long-term success and scalability in the commercial EV sector [15][16]. Management's Comments on Operating Environment and Future Outlook - Management has expressed confidence that the proposed Motiv transaction will close in the fourth quarter of 2025, contingent upon meeting Nasdaq's new listing criteria and other customary closing conditions [14][15]. - The CEO highlighted the strategic importance of commercial EVs, noting their cost advantages and the necessity for U.S.-based manufacturing to support future growth [15][16]. Other Important Information - The company has withdrawn two proposals from consideration during the meeting, which may reflect strategic adjustments in response to shareholder feedback [3]. Q&A Session Summary Question: What steps are necessary to complete the proposed Motiv transaction? - The transaction is expected to close in the fourth quarter of 2025, pending the completion of customary closing conditions and meeting Nasdaq listing criteria [14][15]. Question: What are the product portfolio plans for the merged company? - The merged company will focus on commercial EVs, which are seen as having a lower total cost of ownership compared to ICE vehicles, with plans for U.S.-based assembly and engineering [15][16].

Financial Data and Key Metrics Changes - The preliminary results indicate that all proposals presented at the meeting have been approved by stockholders, which may impact future financial strategies and capital structure [7][8]. Business Line Data and Key Metrics Changes - Specific details regarding the performance of various business lines were not disclosed in the meeting, but the focus on commercial electric vehicles suggests a strategic emphasis on this segment moving forward [14]. Market Data and Key Metrics Changes - The company anticipates a significant demand for new commercial electric vehicle markets, particularly in classes 4, 5, and 6, indicating a positive outlook for market growth in these segments [14][15]. Company Strategy and Development Direction - The company is focused on completing the proposed Motiv transaction, which is expected to close in the fourth quarter of 2025, and is actively planning for integration to ensure a smooth transition [12][13]. - There is an emphasis on U.S.-based assembly capabilities and engineering expertise to support long-term success in the commercial EV market [14]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the commercial EV business model, highlighting lower total cost of ownership compared to internal combustion engine vehicles, which positions the company favorably in the market [14]. - The need for at least two competitive U.S.-based OEMs to meet future demand in the commercial EV sector was noted, with the company aiming to be a leader in this transition [14][15]. Other Important Information - The meeting included proposals for stock issuance, a reverse stock split, and an incentive plan, which are critical for the company's financial maneuvering and shareholder engagement [4][5][6]. Q&A Session Summary Question: What steps are necessary to complete the proposed Motiv transaction? - The transaction requires the completion of customary closing conditions and meeting NASDAQ new listing criteria, with an expected closure in Q4 2025 [12][13]. Question: What are the product portfolio plans for the merged company? - Specific plans will be executed by the new team, but the CEO highlighted the importance of commercial EVs and U.S.-based capabilities for future success [13][14].

Submit Your Vote in Advance of November 25, 2025, Annual Meeting Visit VoteWKHS.com for Information on How to Vote CINCINNATI, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Workhorse Group, Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reminded Workhorse shareholders to vote FOR its transaction with Motiv, as well as the other proposals, in connection with the upcoming 2025 Annual General Meeting of Sha ...

Urges Shareholders to Vote Before November 25, 2025CINCINNATI, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Workhorse Group, Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reminded shareholders of the extended deadline to vote FOR all proposals in connection with Workhorse’s upcoming 2025 Annual General Meeting of Shareholders (the “Annual Meeting”), which has been adjourned to November 25, 2025. Shareh ...