Workhorse Adjourns 2025 Annual Shareholder Meeting To November 25, Urges Investors To Vote In Favor Of Motiv Merger

Adjourns 2025 Annual Meeting of Shareholders

Urges Shareholders Who Have Not Voted To Get Their Votes In

CINCINNATI, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Workhorse Group, Inc. (NASDAQ:WKHS) ("Workhorse" or "the Company"), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced that it has adjourned its 2025 Annual General Meeting of Shareholders (the "Annual Meeting") until November 25, 2025, at 10:00 a.m. Eastern Time, to be held virtually at www.virtualshareholdermeeting.com/WKHS2025.

The Company issued the following statement:

In order to give Workhorse shareholders ample time to vote on the 2025 Annual Meeting proposals, we are adjourning the Meeting until November 25, 2025. Although votes received thus far are strongly in favor of each of the nine proposals, quorum has not been reached.

It is crucial that shareholders submit their votes, no matter how many shares they own. By voting FOR the Workhorse – Motiv transaction, as well as the other eight proposals up for a vote, Workhorse shareholders will have the opportunity to participate in the potential upside of a leader in the medium-duty EV commercial vehicle market, with a significant ownership stake in the combined company.

By not voting, shareholders are putting their investment at risk. If shareholders do not vote for all proposals, the transaction with Motiv will not close, and Workhorse will have to continue as an independent company. Help us capture long-term growth opportunities for the combined company and deliver shareholder value creation by voting FOR all of the proposals.

As previously announced, leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. have both recognized the compelling value of our transaction with Motiv and have each recommended that shareholders vote FOR the merger. We urge shareholders to submit their votes as soon as possible in order to realize the benefits of the transaction and protect their long-term investment.

Shareholders of record as of the close of business on September 18, 2025, will be entitled to vote at the meeting. If you have previously voted, there is nothing further you need to do.

Vote today by proxy card, online or by phone. For more information and additional materials visit www.votewkhs.com.

VOTE TODAY

Your vote is very important. It does not matter how many shares you own. Our Annual Meeting is scheduled for November 25, 2025.