Workhorse Group shares surge 46.95% intraday as shareholder vote campaign for Motiv transaction gains urgency ahead of November 25 meeting.

Workhorse Group (WKHS) surged 46.95% intraday following its urgent shareholder vote campaign for the Motiv transaction. The company emphasized the need for quorum to finalize the deal, warning that failure to secure approval could lead to restructuring and erode shareholder value. This urgency, coupled with the strategic opportunity to position Workhorse as a leader in the medium-duty EV market, likely fueled investor optimism. Despite weak financial metrics and high volatility, the news reinforced the transaction's perceived importance, aligning with the stock's sharp intraday rally as traders anticipated potential value creation from the merger.