Workhorse(US:WKHS) Globenewswireยท2025-10-08 12:00Core 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].