Workhorse provides post-merger update: integration progressing, supply chain financing secured, sales momentum building

Workhorse Group Inc.

Integration of Motiv merger nearly complete; full enterprise systems integration planned over next 2-3 quarters.
Secured new supply chain financing line to support advance orders, reducing cash use for inventory.
Developed product roadmap with new cab-chassis design targeting Class 4-6; W56 production continues in Union City.
Stables division reports 64% fuel and maintenance savings vs. ICE vehicles in 2023 operations.
Management states profitability achievable at <1% market share; sales pipeline improving with strengthening backlog.

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