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]

Financial Performance (Q2 2025) - Workhorse's sales, net of returns and allowances, for the three months ended June 30, 2025, were $5.7 million, compared to $0.8 million for the same period in 2024, representing an increase of $4.8 million[21] - Cost of sales for the three months ended June 30, 2025, was $13.1 million, compared to $7.3 million for the same period in 2024, an increase of $5.8 million[22] - Selling, general, and administrative expenses for the three months ended June 30, 2025, were $5.8 million, compared to $12.1 million for the same period in 2024, a decrease of $6.3 million[23] - Research and development expenses for the three months ended June 30, 2025, were $1.2 million, compared to $2.0 million for the same period in 2024, a decrease of $0.7 million[24] - As of June 30, 2025, Workhorse had $24.7 million in cash and cash equivalents, including restricted cash[25] Merger with Motiv Electric Trucks - Workhorse is undergoing a strategic merger with Motiv Electric Trucks to broaden the product portfolio and strengthen the financial position[34] - Motiv's controlling investor is expected to own approximately 62.5% of the combined company, while Workhorse shareholders are expected to own approximately 26.5%, and the senior secured lender approximately 11%[35] - The transaction is expected to bring in $45 million of added financing capacity upon closing[38] - The combined company is expected to achieve cost synergies of more than $20 million by the end of 2026[51] Strategic Priorities - Workhorse aims to complete the transaction with Motiv in Q4 2025, pending shareholder approvals and financing commitments[56]

Group 1 - Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to Soho House & Co Inc.'s sale to MCR affiliates for $9.00 per share in cash [1] - Workhorse Group Inc. is undergoing a merger with Motiv Electric Trucks, resulting in Workhorse shareholders owning approximately 26.5% of the combined company post-transaction [2] - The firm may seek increased consideration for shareholders, additional disclosures, or other relief on a contingent fee basis, meaning no out-of-pocket payment for legal fees or expenses is required from shareholders [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC for a free discussion regarding their legal rights and options [4] - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4]

Core Viewpoint - Workhorse Group Inc. is set to hold a conference call on August 19, 2025, to discuss its second quarter 2025 financial results and a previously announced transaction with Motiv Electric Trucks [1][3]. Company Overview - Workhorse Group Inc. focuses on the transition to zero-emission commercial vehicles, designing and building vehicles in the U.S. at its facility in Union City, Indiana [4]. - Motiv Electric Trucks, founded in 2009, is a manufacturer of medium-duty, zero-emission electric trucks and buses, producing various vehicle types that eliminate tailpipe emissions [5][6]. Financial Results and Transaction Discussion - The conference call will cover Workhorse's second quarter 2025 financial results, which were released on August 15, 2025 [1][3]. - Shareholders are encouraged to submit questions in advance of the call [2]. Conference Call Details - The call is scheduled for August 19, 2025, at 10:00 a.m. ET, with dial-in numbers provided for U.S. and international participants [3]. - A live broadcast and replay of the call will be available through Workhorse's website [4]. Regulatory and Proxy Information - Workhorse plans to file a Proxy Statement with the SEC regarding the proposed transaction with Motiv, urging shareholders to read the document carefully once available [7].