Shyft shareholders approve merger with Aebi Schmidt, expected close July 1, 2025

SHYFT GROUP, INC.

99% of shares voted in favor (~81% of outstanding shares present) adopting the merger agreement.
Transaction expected to close on or around July 1, 2025; combined company to trade on NASDAQ as 'AEBI'.
Each outstanding Shyft share to be exchanged for ~1.04 shares of the combined company.
Combined company named 'Aebi Schmidt Group'; James Sharman to become Chairman, Barend Fruithof as CEO.

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