Workhorse shareholders approve merger with Motiv, elect directors, authorize reverse split

Workhorse Group Inc.

Shareholders approved issuance of shares for merger with Motiv Electric Trucks; transaction expected to close in weeks.
Approved reverse stock split at ratio of 1:8 to 1:12, to be implemented by Board before June 30, 2026.
Approved amendment to 2023 LTIP increasing shares available by 1.5 million.
All eight director nominees (Chess, Dauch, Dedo, Henricks, Mader, Quigley, Miller, Botti) elected.
Closing conditions include new debt facility from Motiv's largest investor and Nasdaq approval.

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