Workhorse Reenters Exclusivity Period in Connection with Potential Transaction

Core Viewpoint - Workhorse Group Inc. has entered into a new exclusivity agreement with a privately held U.S.-based manufacturer of electric commercial vehicles, indicating progress in a potential merger transaction aimed at enhancing its position in the zero-emission commercial vehicle market [1][2]. Group 1: Exclusivity Agreements - The company previously entered into a Prior Exclusivity Agreement on July 14, 2025, which restricted it from engaging with third parties regarding alternative transactions for a period of 14 days [3]. - The restrictions from the Prior Exclusivity Agreement expired on July 28, 2025, and a New Exclusivity Agreement was established on August 4, 2025, reinstating similar restrictions for an additional seven days [4]. Group 2: Potential Transaction - The potential transaction involves merging the manufacturer into a newly created subsidiary of Workhorse in exchange for newly issued shares of the company's common stock [2]. - If definitive agreements are reached regarding the potential transaction, the company plans to file a proxy statement with the Securities and Exchange Commission (SEC) [5].