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Benzinga
Benzinga
Business
Akanksha Bakshi

UNCOVERED: Workhorse stock tanks on merger talks with private ev maker | History Defined

Workhorse Nasdaq WKHS Donald Trump
Merger,And,Acquisition,Business,Corporate,Cooperation,Company,Concept.,Ma,Partnership

Workhorse Group Inc. (NASDAQ:WKHS) shares sank Monday after the company disclosed it is negotiating a potential merger with a privately held U.S. manufacturer of electric commercial vehicles.

Under the proposed structure, the target company would be merged into a new Workhorse subsidiary in exchange for newly issued shares of Workhorse stock.

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