<SEC-DOCUMENT>0001213900-25-111819.txt : 20251118
<SEC-HEADER>0001213900-25-111819.hdr.sgml : 20251118
<ACCEPTANCE-DATETIME>20251118100101
ACCESSION NUMBER:		0001213900-25-111819
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251118
DATE AS OF CHANGE:		20251118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Workhorse Group Inc.
		CENTRAL INDEX KEY:			0001425287
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				261394771
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-37673
		FILM NUMBER:		251493111

	BUSINESS ADDRESS:	
		STREET 1:		100 COMMERCE DRIVE
		CITY:			LOVELAND
		STATE:			OH
		ZIP:			45140
		BUSINESS PHONE:		513-360-4704

	MAIL ADDRESS:	
		STREET 1:		100 COMMERCE DRIVE
		CITY:			LOVELAND
		STATE:			OH
		ZIP:			45140

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMP Holding Inc.
		DATE OF NAME CHANGE:	20100525

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Title Starts Online, Inc.
		DATE OF NAME CHANGE:	20080128
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ea026610202-defa14a_work.htm
<DESCRIPTION>DEFINITIVE ADDITIONAL MATERIALS
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Schedule 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Amendment No. )</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by the Registrant &#9746;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Filed by a party other than the Registrant &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Check the appropriate box:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="font-size: 10pt">Preliminary Proxy Statement</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">&#9744;</TD>
    <TD STYLE="font-size: 10pt">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">&#9744;</TD>
    <TD STYLE="font-size: 10pt">Definitive Proxy Statement</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></TD>
    <TD STYLE="font-size: 10pt">Definitive Additional Materials</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">&#9744;</TD>
    <TD STYLE="font-size: 10pt">Soliciting Material under &sect; 240.14a-12</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>WORKHORSE GROUP INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Registrant as Specified In Its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Payment of Filing Fee (Check all boxes that apply): </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9746;</FONT></TD>
    <TD STYLE="font-size: 10pt">No fee required</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">&#9744;</TD>
    <TD STYLE="font-size: 10pt">Fee paid previously with preliminary materials.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">&#9744;</TD>
    <TD STYLE="font-size: 10pt">Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Schedule 14A filing consists of communications from Workhorse
Group Inc. (&ldquo;Workhorse&rdquo; or the &ldquo;Company&rdquo;), to the Company&rsquo;s employees, customers, partners and analysts
relating to the Agreement and Plan of Merger, dated August 15, 2025, by and among the Company, Motiv Power Systems, Inc., a Delaware corporation
(&ldquo;Motiv&rdquo;), Omaha Intermediate 2, Inc., a Delaware corporation, Omaha Intermediate, Inc., a Delaware corporation, and Omaha
Merger Subsidiary, Inc., a Delaware corporation (the &ldquo;Merger Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Today, the following communication was distributed by the Company:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Workhorse Shareholders: The Time to Vote for
the Motiv Transaction is NOW</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Submit Your Vote in Advance of November 25,
2025, Annual Meeting</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>Visit VoteWKHS.com for Information on How to
Vote</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>CINCINNATI, November 19, 2025 </B>&ndash; Workhorse Group, Inc.
(Nasdaq: WKHS) (&ldquo;Workhorse&rdquo; or &ldquo;the Company&rdquo;), an American technology company focused on pioneering the transition
to zero-emission commercial vehicles, today reminded Workhorse shareholders to vote <B>FOR </B>its transaction with Motiv, as well as
the other proposals, in connection with the upcoming 2025 Annual General Meeting of Shareholders (the &ldquo;Annual Meeting&rdquo;). Shareholders
of record as of the close of business on September 18, 2025, are entitled to vote in connection with the Annual Meeting, which is scheduled
for November 25, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shareholders who have not already submitted their vote are encouraged
to do so before the Annual Meeting, and can visit www.VoteWKHS.com for more information on how to vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Workhorse mailed the following letter to shareholders:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Dear Workhorse Shareholders,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The deadline to submit your vote is approaching fast. If
you haven&rsquo;t voted yet, get your vote in today <B>FOR</B> the Workhorse-Motiv transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">To complete the transaction and enable Workhorse shareholders
to have the opportunity to participate in the potential upside of a leader in the medium-duty EV commercial vehicle market, we need to
reach quorum for our meeting. Shareholders that have already voted are strongly supporting the transaction. <B>Help us get to quorum so
we can bring the benefits of the transaction to you: get your vote in TODAY. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Don&rsquo;t miss out! If Workhorse shareholders do <B>not</B>
get their votes in, the transaction with Motiv will not close and Workhorse will have to pursue a standalone path, including a potential
restructuring that would likely result in your Workhorse investment having little or no value.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">Voting is easy and only takes a few minutes. You can vote
today <B>FOR <U>all</U> proposals </B>by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify">Voting online before the meeting at www.proxyvote.com</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify">Attending the Workhorse Annual Meeting virtually on November
25, 2025</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify">Voting online during the meeting at www.virtualshareholdermeeting.com/WKHS2025</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font: normal 10pt Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify">Completing, signing, dating, and returning a proxy card to
the mailing address provided</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">If you are a beneficial owner of shares of Workhorse Common
Stock, please refer to the vote instruction form provided by your broker, bank, or nominee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>VOTE TODAY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Your vote is very important. It does not matter how many shares
you own. Our Annual Meeting is scheduled for November 25, 2025. The deadline to vote in advance of the Annual Meeting is 11:59 pm ET
on November 24.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shareholders of record as of the close of business on September 18,
2025, will be entitled to vote at the meeting. If you have previously voted, there is nothing further you need to do.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Vote today by proxy card, online or by phone. For more information
and additional materials visit www.votewkhs.com.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="image_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">430 Park Avenue<BR>
14th Floor<BR>
New York, NY 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Banks and Brokers Call: (203) 658-9400<BR>
Stockholders Call Toll Free: (800) 662-5200<BR>
E-mail: WKHS@investor.sodali.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Workhorse Group Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Workhorse Group Inc. (Nasdaq: WKHS) is a technology company focused
on pioneering the transition to zero-emission commercial vehicles. Workhorse designs and builds its vehicles in the United States at the
Workhorse Ranch in Union City, Indiana. The company&rsquo;s best-in-class vehicles are designed for last-mile delivery, medium-duty operations,
and a growing range of specialized applications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact:</B><BR>
<BR>
Aaron Palash / Greg Klassen<BR>
Joele Frank, Wilkinson Brimmer Katcher<BR>
212-355-4449</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Investor Relations Contact:</B><BR>
<BR>
Tom Colton and Greg Bradbury<BR>
Gateway Group<BR>
949-574-3860<BR>
WKHS@gateway-grp.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This press release contains &ldquo;forward-looking statements&rdquo;
within the meaning of Section&nbsp;21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995, as amended. All
statements other than statements of historical fact included in this press release, including, among other things, statements regarding
the proposed Merger and other transactions described herein, future events, plans and anticipated results of operations, business strategies,
the anticipated benefits of the proposed transactions, the anticipated impact of the proposed transaction on the combined company&rsquo;s
business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated
closing date for the proposed transaction and other aspects of either company&rsquo;s operations or operating results are forward-looking
statements. Some of these statements may be identified by the use of the words &ldquo;plans&rdquo;, &ldquo;expects&rdquo; or &ldquo;does
not expect&rdquo;, &ldquo;estimated&rdquo;, &ldquo;is expected&rdquo;, &ldquo;budget&rdquo;, &ldquo;scheduled&rdquo;, &ldquo;estimates&rdquo;,
&ldquo;forecasts&rdquo;, &ldquo;intends&rdquo;, &ldquo;anticipates&rdquo; or &ldquo;does not anticipate&rdquo;, &ldquo;targets&rdquo;,
&ldquo;projects&rdquo;, &ldquo;contemplates&rdquo;, &ldquo;predicts&rdquo;, &ldquo;potential&rdquo;, &ldquo;continue&rdquo;, or &ldquo;believes&rdquo;,
or variations of such words and phrases or state that certain actions, events or results &ldquo;may&rdquo;, &ldquo;could&rdquo;, &ldquo;would&rdquo;,
&ldquo;should&rdquo;, &ldquo;might&rdquo;, &ldquo;will&rdquo; or &ldquo;will be taken&rdquo;, &ldquo;occur&rdquo; or &ldquo;be achieved&rdquo;.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Forward-looking statements are based on the opinions and estimates
of management of Workhorse as of the date such statements are made, and they are subject to known and unknown risks, uncertainties, assumptions
and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These risks and uncertainties could give rise to a delay in or the failure to
consummate the Merger or the other transactions described herein (collectively, the &ldquo;Transactions&rdquo;). Some factors that could
cause actual results to differ include the outcome of continuing discussions between&nbsp;the Workhorse and Motiv with respect to the
Transactions, including the possibility that the parties may terminate certain of the Transactions or that the terms of certain of the
Transactions may change; our ability to consummate the Transactions or achieve the expected synergies and/or efficiencies; potential regulatory
delays; the industry and market reaction to this announcement; the effect of the announcement of the Transactions on the ability of&nbsp;the
parties to operate their businesses and retain and hire key personnel and to maintain favorable business relationships; the possibility
that the integration of the parties may be more difficult, time-consuming or costly than expected or that operating costs and business
disruptions may be greater than expected; the ability to obtain regulatory and other approvals required to consummate the Transactions,
including from Nasdaq; the risk that the price of our securities may be volatile due to a variety of factors; changes in laws, regulations,
technologies, the global supply chain, and macro-economic and social environments affecting our business; and our ability to maintain
compliance with Nasdaq rules and otherwise maintain our listing of securities on Nasdaq.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additional information on these and other factors that may cause actual
results and Workhorse&rsquo;s performance to differ materially is included in Workhorse&rsquo;s periodic reports filed with the SEC, including,
but not limited to, Workhorse&rsquo;s Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2024, including those factors
described under the heading &ldquo;<I>Risk Factors</I>&rdquo; therein, and Workhorse&rsquo;s subsequent Quarterly Reports on Form&nbsp;10-Q.
Copies of Workhorse&rsquo;s filings with the SEC are available publicly on the SEC&rsquo;s website at www.sec.gov or may be obtained by
contacting Workhorse. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect,
actual results may vary in material respects from those projected in these forward-looking statements. Readers are cautioned not to place
undue reliance upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only
as of the date hereof, and Workhorse undertakes no obligations to update or revise the forward-looking statements, whether as a result
of new information, future events or otherwise, except as required by law.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Additional Information and Where to Find It</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Workhorse has filed with the U.S. Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) a definitive proxy statement on Schedule 14A (the &ldquo;Definitive Proxy Statement&rdquo;) and a proxy card with
respect to its solicitation of proxies for Workhorse&rsquo;s 2025 Annual Meeting of Stockholders (the &ldquo;Annual Meeting&rdquo;). The
Definitive Proxy Statement contains important information about the matters to be voted on at the Annual Meeting. <B>STOCKHOLDERS OF WORKHORSE
ARE URGED TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT
DOCUMENTS THAT WORKHORSE HAS FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT WORKHORSE
AND THE MATTERS TO BE VOTED ON AT THE ANNUAL MEETING. </B>Stockholders are able to obtain a free copy of the Proxy Statement and other
relevant documents once such documents are filed with the SEC from the SEC&rsquo;s website at www.sec.gov, or by directing a request by
mail to Workhorse Group Inc., 3600 Park 42 Drive, Suite 160E, Sharonville, Ohio 45241, or from the Workhorse&rsquo;s website at&nbsp;<I><U STYLE="text-decoration: none">www.ir.workhorse.com</U></I>.
&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Workhorse and certain of its directors and officers may be deemed to
be &ldquo;participants&rdquo; in the solicitation of proxies in respect of the matters to be considered about the Annual Meeting. Information
concerning the directors and officers of Workhorse and interests of the persons who may be considered &ldquo;participants&rdquo; in the
solicitation is set forth in Amendment No. 1 to Workhorse&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2024, including
under the headings &ldquo;Item 10. Directors, Executive Officers and Corporate Governance&rdquo;, &ldquo;Item 11. Executive Compensation&rdquo;,
&ldquo;Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters&rdquo; and &ldquo;Item
13. Certain Relationships and Related Transactions, and Director Independence&rdquo;, filed with the SEC on April 30, 2025, and available
at&nbsp;<U STYLE="text-decoration: none">https://www.sec.gov/ix?doc=/Archives/edgar/data/1425287/000121390025037631/ea0239686-10ka1_workhorse.htm</U>. Other information
regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or
otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC regarding the proposed transaction
when such materials become available. Investors should read the proxy statement carefully when it becomes available before making any
voting or investment decisions. Copies of these documents can be obtained, without charge, at the SEC&rsquo;s website at&nbsp;<U STYLE="text-decoration: none">www.sec.gov</U>,
or by directing a request to Workhorse at the address above, or at&nbsp;<U STYLE="text-decoration: none">www.ir.workhorse.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Cautionary Note Regarding Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This communication contains &ldquo;forward-looking statements&rdquo;
within the meaning of Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995, as amended. All statements
other than statements of historical fact included or incorporated by reference in this communication, including, among other things, statements
regarding the proposed merger transaction between Workhorse and Motiv, future events, plans and anticipated results of operations, business
strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company&rsquo;s
business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, the anticipated
closing date for the proposed transaction and other aspects of the combined company&rsquo;s operations or operating results are forward-looking
statements. Forward-looking statements may be identified by the use of the words &ldquo;believe&rdquo;, &ldquo;plan&rdquo;, &ldquo;expect&rdquo;,
&ldquo;estimate&rdquo;, &ldquo;budget&rdquo;, &ldquo;schedule&rdquo;, &ldquo;forecast&rdquo;, &ldquo;intend&rdquo;, &ldquo;anticipate&rdquo;,
&ldquo;target&rdquo;, &ldquo;project&rdquo;, &ldquo;contemplate&rdquo;, &ldquo;predict&rdquo;, &ldquo;potential&rdquo;, or &ldquo;continue&rdquo;,
and similar words or variations of such words and phrases or state that certain actions, events or results &ldquo;may&rdquo;, &ldquo;could&rdquo;,
&ldquo;would&rdquo;, &ldquo;should&rdquo;, &ldquo;might&rdquo;, &ldquo;will&rdquo; or &ldquo;will be taken&rdquo;, &ldquo;occur&rdquo;
or &ldquo;be achieved&rdquo;. However, the absence of these words does not mean that the statements are not forward-looking. Where, in
any forward-looking statement, Workhorse expresses an expectation or belief as to future results, such expectation or belief is expressed
in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees
of future performance and involve certain risks, uncertainties and other factors beyond the parties&rsquo; control. Therefore, actual
outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following risks and uncertainties, among others, could cause actual
results or events to differ materially from those described in forward-looking statements: the parties&rsquo; ability to successfully
integrate their businesses and technologies, which may result in the combined company not operating as effectively and efficiently as
expected; the risk that the expected benefits and synergies of the proposed transaction may not be fully achieved in a timely manner,
or at all; the risk associated with Workhorse&rsquo;s ability to obtain the approval of its shareholders required to consummate the proposed
transaction and the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not
satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms;
the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is
obtained subject to conditions that are not anticipated; the occurrence of any event, change or other circumstance that could give rise
to the termination of the proposed transaction; unanticipated difficulties, liabilities or expenditures relating to the transaction; the
effect of the announcement, pendency or completion of the proposed transaction on the parties&rsquo; business relationships and business
operations generally; the effect of the announcement or pendency of the proposed transaction on Workhorse&rsquo;s common stock prices
and uncertainty as to the long-term value of the combined company&rsquo;s common stock; risks that the proposed transaction disrupts current
plans and operations of the parties and their respective management teams and potential difficulties in hiring or retaining employees
as a result of the proposed transaction; our ability to develop and manufacture our product portfolio, including the W4 CC, W750, and
W56 and other programs; our ability to attract and retain customers for our existing and new products; ongoing and anticipated changes
in the U.S. political environment, including those resulting from the new Presidential Administration, control of Congress, and changes
to regulatory agencies; the implementation of changes to the existing tariff regime by the new Presidential Administration and measures
taken in response to such tariffs by foreign governments; risks associated with obtaining orders and executing upon such orders; the unavailability,
reduction, elimination or adverse application of government subsidies and incentives or any challenge to or failure by the federal government,
states or other governmental entities to adopt or enforce regulations such as the California Air Resource Board&rsquo;s Advanced Clean
Fleet regulation; changes in attitude toward environmental, social, and governance matters among regulators, investors, and parties with
which we do business; supply chain disruptions, including constraints on steel, semiconductors and other material inputs and resulting
cost increases impacting us, our customers, our suppliers or the industry; our ability to capitalize on opportunities to deliver products
to meet customer requirements; our limited operations and need to expand and enhance elements of our production process to fulfill product
orders; our general inability to raise additional capital to fund our operations and business plan; our ability to receive sufficient
proceeds from our current and any future financing arrangements to meet our immediate liquidity needs and the potential costs, dilution
and restrictions resulting from any such financing; our ability to maintain compliance with the listing requirements of the Nasdaq and
the impact of any steps we have taken, including reverse splits of our common stock, on our operations, stock price and future access
to funds; our ability to protect our intellectual property; market acceptance of our products; our ability to obtain sufficient liquidity
from operations and financing activities to continue as a going concern and, our ability to control our expenses; the effectiveness of
our cost control measures and impact such measures could have on our operations, including the effects of furloughing employees; potential
competition, including without limitation shifts in technology; volatility in and deterioration of national and international capital
markets and economic conditions; global and local business conditions; acts of war (including without limitation the conflicts in Ukraine
and the Middle East) and/or terrorism; the prices being charged by our competitors; our inability to retain key members of our management
team; our inability to satisfy our customer warranty claims; the outcome of any regulatory or legal proceedings, including with Coulomb
Solutions Inc.; our ability to realize the benefits of the sale and leaseback transaction of our Union City Facility; and other risks
and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission (&ldquo;SEC&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Additional information on these and other factors that may cause actual
results and Workhorse&rsquo;s performance to differ materially is included in Workhorse&rsquo;s periodic reports filed with the SEC, including,
but not limited to, Workhorse&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2024, including those factors described
under the heading &ldquo;Risk Factors&rdquo; therein, and Workhorse&rsquo;s subsequent Quarterly Reports on Form 10-Q. Copies of Workhorse&rsquo;s
filings with the SEC are available publicly on the SEC&rsquo;s website at&nbsp;<U STYLE="text-decoration: none">www.sec.gov</U>&nbsp;or may be obtained by contacting
Workhorse. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results
may vary in material respects from those projected in these forward-looking statements. Readers are cautioned not to place undue reliance
upon any forward-looking statements, which speak only as of the date made. These forward-looking statements are made only as of the date
hereof, and Workhorse undertakes no obligations to update or revise the forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>No Offer or Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This communication is not intended to and does not constitute an offer
to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there
be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">No offering of securities will be made except by means of a prospectus
meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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