Workhorse /
Motiv
Workhorse and Motiv move forward with a merger agreement
Source for the buyer and target: Workhorse Group Inc.
For the buyer and target.
“Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), Motiv’s investors will receive a number of shares of Workhorse’s common stock, par value $0.001 per share (“Workhorse Common Stock”), calculated in accordance with the Merger Agreement (the “Merger Consideration”).”
Published 8 Oct 2025
Open the sourceWhat happened
Workhorse and Motiv negotiated a merger agreement that would create a combined company. Workhorse stockholders would hold 23% of the combined company’s common stock, while Motiv investors would hold 77%. [01]
The merger remains subject to closing conditions, including debt financing for Workhorse. Terms weren't disclosed. [01]
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Workhorse and Motiv move forward with a merger agreement
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