Workhorse Group announced that shareholders voted to approve the company’s merger with Motiv Electric Trucks at the 2025 Annual Meeting of Shareholders held on November 25, 2025. The combination will unite two manufacturers operating in the medium-duty electric commercial vehicle segment.
Highlights
- Workhorse shareholders voted to approve the merger with Motiv Electric Trucks at the company’s 2025 Annual Meeting
- Transaction expected to close within weeks, pending customary conditions including new debt financing and Nasdaq approval
- Combined entity will target the medium-duty EV commercial vehicle market, serving existing customers of both companies
- Final voting results filed with the SEC via Form 8-K
Transaction Details and Closing Conditions
The merger remains subject to several closing conditions before finalization. These include:
- Entrance into a new debt financing facility by Workhorse and Motiv’s largest investor
- Receipt of approval from Nasdaq
- Satisfaction or waiver of customary closing conditions
Certified voting results from the Annual Meeting have been filed with the U.S. Securities and Exchange Commission and are available at www.sec.gov.
Strategic Rationale
The merger combines Workhorse’s manufacturing capabilities with Motiv’s position in the medium-duty electric vehicle space. Workhorse designs and builds zero-emission commercial vehicles at its facility in Union City, Indiana, focusing on last-mile delivery and medium-duty operations.
Rick Dauch, CEO of Workhorse, stated the transaction positions the combined company to serve what he described as a blue-chip customer base in the medium-duty EV segment.
About Workhorse Group
Workhorse Group Inc. is an American technology company specializing in zero-emission commercial vehicles. The company manufactures vehicles at its Union City, Indiana facility, known as the Workhorse Ranch. Product applications include last-mile delivery, medium-duty operations, and specialized commercial uses.
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