Core Points - Workhorse Group, Inc. has adjourned its 2025 Annual General Meeting of Shareholders to November 25, 2025, to allow more time for shareholders to vote on proposals [1][2] - The company emphasizes the importance of shareholder participation in voting for the proposed merger with Motiv and other proposals to secure long-term growth opportunities [3][4] - Independent proxy advisory firms have recommended that shareholders vote in favor of the merger, highlighting its potential value [5] Company Overview - Workhorse Group, Inc. is focused on transitioning to zero-emission commercial vehicles, designing and building vehicles in the U.S. for last-mile delivery and medium-duty operations [9] Voting Information - Shareholders of record as of September 18, 2025, are entitled to vote, and those who have already voted do not need to take further action [6] - Voting can be done via proxy card, online, or by phone, with additional information available on the company's website [8]

Core Viewpoint - Workhorse Group, Inc. is urging shareholders to vote "FOR" all proposals related to the upcoming merger with Motiv, emphasizing the potential benefits of this transaction for the company's future in the medium-duty electric vehicle market [1][2][7]. Group 1: Shareholder Voting Importance - Shareholders are reminded that their vote is crucial for the approval of the Workhorse-Motiv merger, which is seen as a pathway to maximize investment value [2][7]. - The deadline for voting is set for November 11, 2025, at 11:59 pm ET, highlighting the urgency for shareholders to participate [3][8]. Group 2: Transaction Details - The merger with Motiv is positioned as the only viable option for Workhorse to address liquidity challenges and avoid potential restructuring that could diminish shareholder equity [7]. - Leading independent proxy advisory firms, Institutional Shareholder Services and Glass Lewis & Co., have recommended that shareholders vote in favor of the merger, recognizing its compelling value [7]. Group 3: Company Overview - Workhorse Group, Inc. focuses on the development of zero-emission commercial vehicles, with its manufacturing based in the United States [6]. - The company specializes in vehicles designed for last-mile delivery and medium-duty operations, catering to a growing range of specialized applications [6].

Core Points - Workhorse Group Inc. will hold a conference call on November 11, 2025, at 10:00 a.m. Eastern time to discuss its third-quarter financial results and future outlook [1][2] - The financial results will be released in a press release prior to the call [1] - The conference call will be available for live broadcast and replay on the company's Investor Relations website [3] Company Overview - Workhorse Group Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States at its facility in Union City, Indiana [3] - The company specializes in vehicles for last-mile delivery, medium-duty operations, and various specialized applications [3]

Core Viewpoint - Workhorse Group, Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote in favor of its transaction with Motiv Electric Trucks, highlighting the potential value this merger could deliver to shareholders [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States [7]. Transaction Details - The transaction with Motiv is seen as a significant milestone, providing shareholders with the opportunity to benefit from the growth potential in the medium-duty electric vehicle market [2][5]. - The merger is expected to create a platform for scalable growth, leveraging a diverse product portfolio and strong fleet relationships [5]. Strategic Rationale - The strategic rationale for the merger includes complementary businesses, expected scale benefits, and material cost synergies [5]. - The combined company aims to reduce unit costs and enhance competitiveness against both pure-play electric and legacy OEMs [5]. Financial Implications - The merger is projected to achieve at least $20 million in cost synergies by the end of 2026, through reductions in R&D, general and administrative expenses, and facility costs [5]. - A simplified capital structure and access to new financing are anticipated to support growth and margin expansion post-merger [5]. Market Position - Together, Workhorse and Motiv have served 10 of the largest medium-duty fleets in North America, enhancing customer confidence and market reach [5].

Core Viewpoint - Workhorse Group Inc. has announced the availability of the Utilimaster Aeromaster body for its all-electric W56 Class 5/6 step van, enhancing its product line for fleets seeking zero-emission commercial vehicles [1][2]. Product Development - The integration, testing, and validation of the Utilimaster Aeromaster body have been completed, expanding the W56 product line with a familiar body design that offers reliability and zero-emission performance [2][4]. - The Aeromaster body features durable aluminum construction, low step height for driver safety, and modular interiors suitable for various applications, including parcel delivery and service [3][4]. Market Positioning - Workhorse aims to provide operational consistency for large fleets by offering the Utilimaster body on the W56 chassis, allowing fleet operators to maintain their established vehicle setups without disruption [4]. - The W56 is designed for last-mile delivery with a range of up to 150 miles on a single charge, zero tailpipe emissions, and up to 1,200 cubic feet of cargo space, making it a competitive choice for fleets transitioning to electric operations [4][6]. Company Overview - Workhorse Group Inc. is focused on pioneering the transition to zero-emission commercial vehicles, designing and building its vehicles in the United States [7].

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 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 - 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]

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].

Core Viewpoint - Workhorse Group Inc. reported significant growth in sales and strategic developments, including a merger with Motiv Electric Trucks, aimed at enhancing its position in the zero-emission commercial vehicle market [2][5]. Financial Performance - Sales for Q2 2025 reached $5.7 million, a substantial increase from $0.8 million in Q2 2024, driven by higher shipments of W56 trucks [4]. - Cost of sales for Q2 2025 was $13.1 million, up from $7.3 million in the previous year, primarily due to increased sales volume and inventory reserves [6]. - Selling, general, and administrative expenses decreased to $5.8 million from $12.1 million year-over-year, reflecting cost-cutting measures [7]. - Research and development expenses fell to $1.2 million from $2.0 million, indicating a focus on efficiency [8]. - The net loss for Q2 2025 was $14.8 million, compared to a loss of $26.3 million in Q2 2024, showing improvement in financial performance [29]. Strategic Developments - Workhorse secured 36 purchase orders for W56 step vans during the quarter and shipped 32 units, indicating strong demand [5]. - The merger with Motiv Electric Trucks is expected to create a leading North American medium-duty electric truck OEM, enhancing operational efficiencies and product offerings [5]. - The combined company will leverage joint engineering and manufacturing capabilities to optimize costs and improve total cost of ownership for customers [5]. Operational Highlights - The W56 platform demonstrated reliability with over 97% uptime in real-world operations, accumulating over 212,000 miles across diverse conditions [5]. - Workhorse is expanding the application options for the W56, including the integration of the Utilimaster Aeromaster walk-in van body [5]. Cash Management - The company reduced operating expenses by $7.0 million year-over-year and secured interim funding of approximately $25 million related to the merger with Motiv [14][13]. - As of June 30, 2025, Workhorse had $2.2 million in cash and cash equivalents, alongside $22.5 million in restricted cash [12].