Workhorse (WKHS) Surges 37.6451% as Shareholder Vote on Motiv Deal Drives Pre-Market Rally

Workhorse Group Inc. (NASDAQ: WKHS) surged 37.6451% in pre-market trading on November 19, 2025, as shareholders were reminded to cast votes ahead of the November 25 annual meeting to approve its proposed transaction with Motiv. The electric vehicle manufacturer emphasized the urgency of reaching a quorum to finalize the deal, warning that failure to secure sufficient support could force a standalone path, including restructuring risks that may erode shareholder value.

The company reiterated that shareholders of record as of September 18 are eligible to vote via proxy, online, or during the virtual meeting. With many existing shareholders already backing the transaction, Workhorse framed the vote as critical to accessing the medium-duty EV market’s growth potential. The outcome remains pivotal, as the deal’s approval hinges on both quorum and a majority vote, with final results expected by November 24.

Analysts highlight the high-stakes nature of the shareholder vote, given Workhorse’s financial challenges—deep operating losses and a volatile market profile. A successful transaction could position the firm as a consolidated player in the EV commercial vehicle sector, while rejection may lead to prolonged uncertainty. The company’s aggressive outreach underscores its reliance on the deal to unlock strategic value amid a competitive industry landscape.

Backtest Hypothesis: A technical strategy focusing on momentum and volume spikes around key corporate events could align with Workhorse’s recent pre-market surge. Traders might consider entering long positions on confirmation of quorum achievement, with stop-loss levels set below key support zones. The transaction’s approval or rejection could serve as a catalyst for directional bias, making real-time sentiment analysis and order flow monitoring critical for risk-adjusted returns.