Core Points - Workhorse Group, Inc. is focused on transitioning to zero-emission commercial vehicles and has released a video highlighting the benefits of its transaction with Motiv [1][2] - Shareholders are encouraged to vote in favor of all proposals at the upcoming Annual Meeting scheduled for November 12, 2025 [2][3] Company Overview - Workhorse Group Inc. designs and builds zero-emission vehicles in the United States, specifically for last-mile delivery and medium-duty operations [4] - The company operates from the Workhorse Ranch in Union City, Indiana, and aims to expand its range of specialized applications [4] Shareholder Engagement - Shareholders of record as of September 18, 2025, are eligible to vote, and the company emphasizes the importance of every vote regardless of the number of shares owned [3] - Detailed voting information and strategic benefits of the transaction can be found on the company's dedicated voting website [3][4]

Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of all proposals, particularly the merger with Motiv Electric Trucks, at the upcoming Annual Meeting scheduled for November 12, 2025 [2][4][8]. Group 1: Merger with Motiv - The merger with Motiv is an all-stock transaction aimed at creating a leading North American medium-duty electric truck OEM [4]. - Shareholders are informed that voting for the merger is essential to access financial resources and participate in the potential upside of the combined company [7][16]. - If the merger does not go through, Workhorse will remain an independent company, likely facing liquidity issues and potential restructuring [7][16]. Group 2: Voting Process - There are nine proposals that shareholders need to vote on at the Annual Meeting, and approval of all is necessary for the merger to proceed [7][16]. - Shareholders can vote through various methods, including attending the meeting virtually, voting online, or returning a proxy card [16]. - The deadline for votes is set for the Annual Meeting on November 12, 2025, and all eligible shareholders are encouraged to participate [16][15]. Group 3: Importance of Voting - The company emphasizes that every vote counts, regardless of the number of shares owned, and urges shareholders to vote as soon as possible [13][15]. - The communication highlights the potential long-term growth opportunities that could arise from the merger, reinforcing the importance of shareholder participation [7][8].

Core Viewpoint - The escalating trade tensions between the US and China have led to significant market reactions, with President Trump's proposed tariffs causing turmoil, prompting Vice President Vance to attempt to stabilize the situation through diplomatic messaging [1][2][4]. Group 1: US-China Trade Relations - President Trump has threatened to impose an additional 100% tariff on Chinese exports, which has been met with strong opposition from Beijing, accusing the US of escalating tensions [1][2]. - The Chinese commerce ministry stated that the US has introduced new restrictions against China since the last trade talks, including placing Chinese companies on a trade blacklist [2]. - Vice President Vance emphasized the need for China to choose a reasonable path in the trade dispute, asserting that the US holds more leverage but is open to negotiation [4][5]. Group 2: Market Reactions - Following Vance's comments, US Trade Representative Greer expressed optimism that markets would stabilize, indicating that the Chinese may have overstepped in their actions [6][8]. - The crypto markets, particularly Ethereum, saw significant gains in response to the comments made by US officials, reflecting a positive market sentiment [6]. - The Dow Jones was reported to be trading up around 155 points, indicating a recovery in market confidence [12].

Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote in favor of the proposed all-stock transaction with Motiv Electric Trucks, highlighting the strategic and financial benefits of the merger [2][4][11]. Transaction Details - The transaction is set to close in the fourth quarter of 2025, pending shareholder approval and customary closing conditions [8]. - Workhorse shareholders will maintain approximately 26.5% ownership in the combined company, while Motiv investors will initially own about 62.5% [12]. Strategic Benefits - The merger aims to create a platform for scalable growth by combining Motiv's product portfolio and fleet relationships with Workhorse's manufacturing capabilities and dealer network [6]. - The combined entity is expected to achieve at least $20 million in cost synergies by the end of 2026 through reductions in R&D, G&A, and facility costs [6]. Market Opportunity - The merger positions the combined company to capture new growth opportunities in the medium-duty trucking market, which is projected to exceed $23 billion [7]. Financial Position - The transaction is expected to simplify Workhorse's capital structure and provide access to up to $20 million in new financing to support growth plans [12].

Core Insights - Rocket Lab is currently experiencing a consolidation phase in its stock price, trading between $40 and $55, with a recent stock offering of $750 million impacting breakout attempts [1] - The upcoming launch of the Neutron rocket is generating excitement, but the Electron rocket remains the primary growth driver for the company [2][8] Rocket Lab's Product Offerings - The Electron rocket is a two-stage vehicle, 18 meters tall, made from lightweight carbon composites, and capable of lifting 300 kg to low Earth orbit [2] - Electron has been launched 70 times as of August, with a reliability that appeals to both commercial operators and government agencies [3] Customer Base and Demand - Rocket Lab's customer base includes Earth-observation and IoT satellite companies, NASA, and the U.S. Space Force, with a backlog nearing $1 billion [4] - A recent contract with Synspective for 10 dedicated Electron launches marks the largest order from a single customer, highlighting the demand for Electron [5][6] Financial Performance - In Q2, launch services revenue increased by 58.5% year-over-year, with Electron accounting for 41% of the company's total backlog [9][10] - The flexibility of Electron allows Rocket Lab to meet diverse customer needs, achieving a record of four launches in four weeks [10] Future Outlook - Neutron is expected to have its maiden flight in late 2025, with preparations underway at Launch Complex 3 [8] - While Neutron is seen as a significant opportunity, Electron continues to be the main revenue driver for Rocket Lab [10]

Core Viewpoint - Workhorse Group (WKHS) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Workhorse's Earnings Outlook - The recent upgrade for Workhorse reflects an improvement in the company's underlying business, which is expected to drive the stock price higher [5]. - Over the past three months, the Zacks Consensus Estimate for Workhorse has increased by 50%, although the expected earnings per share for the fiscal year ending December 2025 remains at -$7.78, showing no year-over-year change [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have generated an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Workhorse in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Insights - The introduction of fully-electric Type B school buses in New Jersey marks a significant step towards sustainable school transportation, benefiting students and communities by reducing air and noise pollution [1][2][3] Company Overview - D&M Tours, Inc. is a major private school bus contractor in northern New Jersey, transitioning to electric buses to enhance sustainability and reduce emissions [13] - Motiv Electric Trucks, founded in 2009, specializes in manufacturing zero-emission electric trucks and buses, contributing to environmental goals and operational cost savings for customers [8][9] - Van-Con, Inc. has a long history in school bus manufacturing, focusing on safety and innovation, and is involved in producing electric school buses for New Jersey districts [11] Project Details - The project involves replacing four aging gasoline buses with electric buses, which will save approximately 3,000 gallons of fossil fuel annually and eliminate over 2 million pounds of tailpipe emissions over 15 years [3][4] - The electric buses are designed to provide a healthier and quieter ride for students, particularly benefiting those with special needs who spend more time on buses [2][5] Economic and Health Benefits - The Electric School Bus Initiative estimates that each electric school bus can save school districts over $100,000 in lifetime fuel and maintenance costs compared to diesel buses [4] - The project aims to improve air quality in communities with high asthma rates, particularly in Paterson, where children under five have a 65% higher asthma rate than the state average [5] Partnerships and Support - The project is supported by various partners, including the New Jersey Department of Environmental Protection, which provided funding, and Climate Change Mitigation Technologies LLC, which managed the project [6][12] - The integration of charging infrastructure and management software enhances operational efficiency for D&M Tours [6] Future Developments - A ribbon-cutting event for the new electric school buses is scheduled for October 28, 2025, highlighting the project's significance in advancing sustainable transportation [7]

Core Insights - Workhorse Group Inc. announced that its W56 step van is eligible for $85,000 in base incentives through California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) [1][2] - The company expects a growing backlog for the W56 as demand increases, with initial HVIP voucher requests already submitted [2][3] - The W56 is designed for last-mile delivery and is available in two configurations, showcasing its capabilities at industry events [3][4] Company Overview - Workhorse Group Inc. focuses on the transition to zero-emission commercial vehicles, designing and building its vehicles in the USA [5] - The company entered into a merger agreement with Motiv Electric Trucks to create a leading North American medium-duty electric truck OEM, expected to close in Q4 2025 [6] Product Details - The W56 step van is available in 178-inch and 208-inch wheelbase configurations, offering cargo capacities of 1,000 or 1,200 cubic feet [4] - The vehicle has been tested in real delivery routes, logging tens of thousands of miles in service with FedEx and other providers [3]

Group 1 - The core focus of the news is the investigation by Monteverde & Associates PC into Workhorse Group Inc. regarding its merger with Motiv Power Systems, Inc. [1] - Upon completion of the proposed merger, Workhorse shareholders will own approximately 26.5% of the combined entity [1] - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report, having recovered millions for shareholders [1] Group 2 - Monteverde & Associates PC operates from the Empire State Building in New York City and is a national class action securities firm with a successful litigation track record [2] - The firm emphasizes that not all law firms are equal and encourages potential clients to inquire about their past recoveries and litigation experiences [2][4] - The firm provides free consultations for shareholders with concerns regarding their investments in Workhorse Group Inc. [3]

Financial Data and Key Metrics Changes - In Q2 2025, Workhorse shipped 32 trucks, a significant increase from 1 truck in Q2 2024, reflecting a year-over-year increase of 31 trucks [10] - Sales net of returns and allowances for Q2 2025 were $5.7 million, up from $800,000 in the same period last year, marking an increase of $4.8 million [11] - Operating expenses decreased by $7 million year-over-year while achieving record vehicle shipments [9] - The net loss for the six months ended June 30, 2025, improved from $55.5 million in 2024 to $35.4 million in 2025 [17] Business Line Data and Key Metrics Changes - The W56 Step Van line secured 36 purchase orders and received overwhelmingly positive customer feedback, indicating strong demand [7] - Research and development expenses decreased to $1.2 million in Q2 2025 from $2 million in Q2 2024, primarily due to lower headcount and reduced prototype expenses [13] Market Data and Key Metrics Changes - The company noted that there are currently over 60 W56 vehicles operating in customer and partner fleets across diverse routes, validating the vehicle's performance in real-world conditions [7] - The transaction with Motive is expected to enhance the combined company's market position in the medium-duty electric vehicle sector, targeting a market valued at $23 billion [35] Company Strategy and Development Direction - The merger with Motive aims to create a broader commercial truck product portfolio and strengthen financial positions, allowing Workhorse shareholders to benefit from the combined entity's growth potential [22] - The company plans to expand its product portfolio and ensure reliable fleet operations while finalizing plans for the W56 140kW production launch in 2026 [41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that external factors, such as changing government regulations, have delayed fleet customer adoption rates, impacting revenue growth [21] - The combined company is expected to be better positioned to raise additional capital post-merger, enhancing its ability to pursue growth initiatives [29] Other Important Information - Workhorse completed a $20 million sale leaseback for its manufacturing facility and secured a $5 million convertible note financing to bolster liquidity [24] - The transaction is expected to close in 2025, subject to shareholder approval and customary closing conditions [26] Q&A Session Summary Question: Can you discuss the relationship with Hudson County Motors and the New Jersey ZIP? - The relationship with Hudson County Motors is strong, and there are ongoing voucher programs that could extend to new locations, enhancing growth opportunities [46] Question: How will the combined company access government programs for growth? - The combined entity is expected to have a stronger balance sheet, which will facilitate access to government programs and enhance growth potential [52] Question: What are the terms of the sale and leaseback agreement? - Detailed terms of the sale leaseback and convertible note can be found in the SEC filings [76] Question: Will a reverse stock split be necessary for NASDAQ listing? - A reverse stock split may be required to meet NASDAQ's minimum price thresholds due to the change in control [78] Question: What is the expected valuation of the combined entity? - The combined entity is valued at $105 million, based on contributions from both companies and the sale leaseback transaction [80] Question: How will the product portfolios be integrated? - The integration will focus on developing a full range of Class four to six trucks, leveraging the strengths of both companies [83]