Workhorse Group, Inc (WKHS)
Workhorse Group, Inc. is an American technology company that specializes in electric delivery vehicles and fleet management solutions. Founded in 2007, the company focuses on developing sustainable, zero-emission transportation options for commercial use, including electric trucks, drones, and related software. Workhorse's innovative approach aims to revolutionize last-mile delivery and logistics.
Company News
Law firm Halper Sadeh LLC is investigating potential securities law violations and fiduciary duty breaches for several companies involving mergers and sales transactions.
BT Brands announced an all-stock merger with Aero Velocity, a drone technology firm, pivoting from restaurant operations to advanced unmanned aerial systems and AI solutions. Aero Velocity shareholders will own approximately 89% of the merged entity, with the merger expected to close in late 2025 or early 2026.
Workhorse Group reported Q2 2025 results with record vehicle deliveries of 32 trucks, revenue exceeding expectations at $5.7 million, and reduced operating expenses. Despite progress, the company continues to face challenges with negative gross margins and limited cash liquidity.
Canoo's stock has stabilized recently after a steep decline earlier this year, but its balance sheet with little cash raises concerns about potential dilution. The company has made progress, including an FTZ deal and orders from major companies, but its financial position remains a significant risk.
Workhorse (WKHS) joins hands with Eco Auto, located in Tewksbury, MA, to expand its Certified Dealer Network.