Workhorse Group Stock Price, News & Analysis

Workhorse (Nasdaq: WKHS) announced that shareholders approved its merger with Motiv Electric Trucks at the Annual Meeting held on Nov 25, 2025. The companies said the transaction is expected to close in the coming weeks, subject to customary closing conditions, including the entrance by Motiv’s largest investor into a new debt financing facility and receipt of Nasdaq approval. The company noted certified voting results are available in a Form 8-K filed with the U.S. Securities and Exchange Commission.

This approval moves the deal toward completion and, according to management, aims to create a larger player in the medium-duty electric commercial vehicle market and pursue upside for shareholders.

Workhorse (Nasdaq: WKHS) urged shareholders to vote FOR its pending transaction with Motiv ahead of the November 25, 2025 Annual Meeting.

Shareholders of record as of September 18, 2025 are eligible to vote. The deadline to vote in advance is 11:59 PM ET on November 24, 2025. Methods to vote include online at proxyvote.com, attending the virtual meeting, voting at virtualshareholdermeeting.com/WKHS2025, returning a signed proxy card, or following broker instructions. The company says quorum is needed to close the Motiv transaction and warns that failure to approve could leave Workhorse to pursue a standalone path, including a potential restructuring.

Workhorse (Nasdaq: WKHS) reminded shareholders of the extended deadline to vote FOR the Motiv transaction and all annual meeting proposals before the adjourned 2025 Annual Meeting on November 25, 2025. Shareholders of record as of September 18, 2025 may vote. The company says votes received to date on nine proposals are "strongly in favor" but it needs additional votes to reach quorum. Workhorse warns that if shareholders do not vote FOR all proposals the merger will not close and the company may pursue a standalone path, potentially involving restructuring that could leave current investments with little or no value. Voting options include online proxyvote.com, virtual meeting voting, returning a proxy card, or following broker instructions.

Workhorse (Nasdaq: WKHS) adjourned its 2025 Annual Meeting of Shareholders to November 25, 2025 at 10:00 a.m. ET and extended the voting period to allow shareholders more time to vote on nine proposals, including the proposed merger with Motiv.

The company said votes received so far are strongly in favor but quorum has not been reached. Workhorse urged holders of record as of September 18, 2025 to vote by proxy, online, or by phone and noted that proxy advisors Institutional Shareholder Services and Glass Lewis recommended voting FOR the merger.

Workhorse (Nasdaq: WKHS) reported Q3 2025 results for the period ended September 30, 2025. Key commercial items: 15 trucks sold, >42 W56 vehicles in customer fleets with 97% uptime, and a definitive merger agreement with Motiv (Aug 15, 2025) with shareholder vote set for Nov 12, 2025.

Financial highlights: Sales $2.4M vs $2.5M prior year; Cost of sales $10.1M (includes $3.3M inventory reserve); recorded a $13.8M gain from a sale-leaseback and a $4.8M deferred revenue gain. Cash was $12.7M with $25.5M restricted cash; YTD operating expenses down $17.5M. Motiv investor provided ~$25M in funding (including $20M sale-leaseback and $5M convertible note).

Workhorse (Nasdaq: WKHS) urges shareholders to vote FOR all proposals to approve the proposed merger with Motiv ahead of the final voting deadline.

Key procedural details: the final deadline to vote is November 11, 2025 at 11:59 pm ET, and the company’s Annual Meeting will be held virtually on November 12, 2025. Shareholders can vote online at www.proxyvote.com, during the meeting at www.virtualshareholdermeeting.com/WKHS2025, by returning a signed proxy card, or via broker instructions.

The company states that independent proxy advisers Institutional Shareholder Services and Glass Lewis recommend voting FOR the merger, and warns that failure to approve the transaction could lead to liquidity challenges and a potential restructuring that may leave shareholder equity with little or no recovery. For more information visit www.VoteWKHS.com.

Workhorse (Nasdaq: WKHS) mailed shareholders on November 6, 2025 urging them to vote FOR all proposals ahead of the Annual Meeting on November 12, 2025. The company asked investors to approve its merger with Motiv, citing recommendations from independent proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis. The letter warns that without sufficient votes Workhorse may remain independent, face liquidity issues, and could pursue a restructuring in which shareholders' equity may recover little or no value. Shareholders were directed to vote before 11:59 pm ET on November 11, 2025 via www.VoteWKHS.com or proxy methods listed.

Workhorse Group (Nasdaq: WKHS) will hold a conference call on Tuesday, November 11, 2025 at 10:00 a.m. ET to discuss third-quarter results for the period ended September 30, 2025 and the company’s plans and outlook. Financial results will be released in a press release prior to the call. Management will present followed by a question-and-answer session. The live call includes U.S. dial-in 877-407-8289 and international dial-in 201-689-8341. A webcast and replay will be available via the Investor Relations section of Workhorse’s website, and a telephonic replay will run through November 18, 2025 (replay ID: 13757041).

Workhorse (NASDAQ: WKHS) announced availability of the industry-standard Utilimaster Aeromaster aluminum walk-in body for its all-electric W56 Class 5/6 step van, following completed integration, testing, and validation.

The new configuration pairs Utilimaster's modular, serviceable body and national parts/upfit network with the W56 platform, which is built at Workhorse Ranch in Union City, Indiana, offers up to 150 miles per charge, up to 1,200 cubic feet of cargo space, and targets parcel, service, and specialty fleet applications.