Workhorse Group, Inc. shareholders voted to approve the merger with Motiv Electric Trucks at the 2025 Annual Meeting of Shareholders.
The merger is set to create a leader in the medium-duty EV commercial vehicle market.
The transaction is expected to close in the coming weeks subject to customary closing conditions.
Merger Approval
Workhorse shareholders approved the merger with Motiv Electric Trucks to create a leading player in the medium-duty EV market.
Transaction Timeline
The transaction is expected to close in the upcoming weeks pending the fulfillment of standard closing conditions.
Shareholder Benefit
Workhorse anticipates enabling shareholders to benefit from the combined company's potential growth and innovation.
- The merger with Motiv Electric Trucks signifies Workhorse's strategic move to strengthen its position in the zero-emission commercial vehicle industry.
- The combined entity aims to better serve its blue-chip customer base and expand its reach in the medium-duty electric vehicle market.
The approval of the merger with Motiv Electric Trucks marks a significant milestone for Workhorse Group, positioning them for growth and innovation in the EV commercial vehicle sector.