Workhorse Group Stock Price, News & Analysis

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.

Workhorse (Nasdaq: WKHS) reminded shareholders to vote FOR all proposals ahead of its Annual Meeting on November 12, 2025. Shareholders of record as of Sept 18, 2025 may vote online, during the virtual meeting, by returning a signed proxy card, or via broker instructions.

The company urged support for the proposed Workhorse–Motiv transaction, saying the deal would provide financial resources, a significant ownership stake for Workhorse shareholders in the combined company, and potential upside in the medium‑duty EV commercial vehicle market. The notice warns that failure to approve the transaction could leave Workhorse independent, facing liquidity issues and possible restructuring.

Workhorse (Nasdaq: WKHS) reminded shareholders to vote FOR the previously announced combination with Motiv Electric Trucks and FOR all nine proposals at the Annual Meeting on November 12, 2025. Shareholders of record as of September 18, 2025 may vote; the company encourages voting early via www.VoteWKHS.com. The letter says the combined company will build on complementary strengths, serve large medium-duty fleets, reduce unit costs versus gas/diesel, and strengthen the financial foundation. The company projects at least $20 million of cost synergies by the end of 2026 and expects opportunities to raise additional capital post-close.

Workhorse (Nasdaq: WKHS) posted a video on October 20, 2025 featuring CEO Rick Dauch and Motiv CEO Scott Griffith that outlines the benefits of Workhorse’s transaction with Motiv and urges shareholders to vote FOR all proposals at the company’s 2025 Annual General Meeting.

The Annual Meeting is scheduled for November 12, 2025; shareholders of record as of the close of business on September 18, 2025 are eligible to vote. Shareholders are directed to www.VoteWKHS.com for the video, voting instructions, proxy options (online, phone, or proxy card), and additional materials. Contact and advisor details are provided for stockholders and banks/brokers.