What's Going On With Workhorse Shares Monday?

Group 1 - Workhorse Group Inc. shares initially rose but then fell after the implementation of a 1-for-12 reverse stock split [1][2] - The reverse split reduced outstanding shares from approximately 26 million to about 2.17 million, with fractional shares rounded up to the nearest whole share [2] - The reverse split aims to help the company meet Nasdaq's minimum share-price requirements for its proposed merger with Motiv Power Systems, although there is no guarantee of success [2] Group 2 - The trading symbol for Workhorse remains unchanged, and the new post-split CUSIP number is 98138J503 [3] - As of the latest data, Workhorse shares are trading 18.48% lower at $7.64 [3]