Workhorse Group Extends Voting Period for Motiv Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2025
0mins
Source: Newsfilter
Adjournment of Annual Meeting: Workhorse Group, Inc. has adjourned its 2025 Annual Meeting of Shareholders to November 25, 2025, to allow more time for shareholders to vote on nine proposals, including a significant merger with Motiv.
Importance of Voting: The company emphasizes the necessity for shareholders to vote, as not participating could jeopardize the merger and the potential growth opportunities for the combined entity.
Support from Proxy Advisory Firms: Leading independent proxy advisory firms have recommended that shareholders vote in favor of the merger, highlighting its compelling value.
Voting Information: Shareholders of record as of September 18, 2025, are encouraged to vote via proxy card, online, or by phone, with additional information available on the company's website.
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Analyst Views on WKHS
Wall Street analysts forecast WKHS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WKHS is 0.65 USD with a low forecast of 0.65 USD and a high forecast of 0.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 4.820
Low
0.65
Averages
0.65
High
0.65
Current: 4.820
Low
0.65
Averages
0.65
High
0.65
About WKHS
Workhorse Group Inc. is a technology company. Its primary focus is to provide solutions to the commercial transportation sector. The Company designs and manufactures all-electric trucks, including the technology that optimizes the way these trucks operate. The Company also manufactures medium-duty electric trucks and buses. Its products are marketed under the Workhorse brand. It manufactures Class 4 and 5/6 commercial delivery vehicles. These vehicles include the W56, based on long-standing Company know-how in the Class 5/6 truck chassis market, a medium-duty chassis, designed for last-mile delivery and high payload work-truck applications. The W56 is delivered in either a striped chassis or a complete step van configuration. In addition, it sells Class 4 cab chassis and step van vehicles, including the W4 CC and W750, and E-100 and E-GEN delivery vans. It also develops and maintains the Workhorse Connect remote data management system.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Workhorse Merges with Motiv, Secures $50 Million Financing
- Merger Completion: Workhorse has successfully merged with Motiv, establishing itself as a leading manufacturer of medium-duty electric trucks in North America, which is expected to significantly enhance market share and competitive positioning.
- Enhanced Financing Capacity: Motiv's controlling investor has provided Workhorse with up to $50 million in new debt financing, including approximately $10 million in a revolving credit facility, which is anticipated to greatly improve the company's liquidity to support future growth.
- Increased Production Capacity: Workhorse's manufacturing facility in Indiana has an annual capacity of 5,200 vehicles, enabling it to meet the number of vehicles required for profitability without significant new capital expenditures.
- Optimized Management Team: Following the merger, Workhorse will have an experienced management team with a proven track record in designing quality products and scaling manufacturing, which is expected to drive the company's continued growth in the electric truck market.
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Workhorse Completes Merger with Motiv, Secures $50 Million Financing
- Merger Completion: Workhorse has successfully completed its merger with Motiv, establishing itself as a leading North American manufacturer of medium-duty electric trucks, which is expected to significantly enhance market share and competitiveness.
- Financing Support: Motiv's controlling investor has provided Workhorse with up to $50 million in new debt financing, including approximately $10 million in a revolving credit facility, which is anticipated to greatly enhance the company's liquidity to support growth.
- Production Capacity Enhancement: Workhorse's manufacturing facility in Indiana has an annual capacity of 5,200 vehicles, enabling it to meet the number of vehicles required for profitability without significant new capital expenditures.
- Management Team Optimization: Post-merger, Workhorse will benefit from an experienced management team focused on driving innovation in electric trucks and market expansion, which is expected to create long-term value for shareholders.
Continue Reading