Workhorse Group Inc. has announced that it has reentered an exclusivity agreement with a privately held U.S.-based manufacturer of electric commercial vehicles in relation to a potential transaction. The company had previously been in discussions about merging the manufacturer into a newly created subsidiary of Workhorse in exchange for newly issued shares of the company's common stock. After the initial exclusivity period ended on July 28, 2025, a new exclusivity agreement was established on August 4, 2025, reinstating the restrictions from the prior agreement for an additional seven days.
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