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WORKHORSE GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Workhorse Group Inc. - WKHS

1. Workhorse Group's merger with Motiv Electric Trucks is under investigation. 2. Shareholders may own 26.5% of the combined entity post-merger.

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$1.4508/20 03:02 AM EDTLatest Updated
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FAQ

Why Bearish?

Investigation indicates potential legal issues or shareholder dissatisfaction, similar to prior scrutiny that unsettled investors and hampered stock performance in similar cases.

How important is it?

The merger investigation could affect share value and investor confidence, impacting Workhorse’s future operations and market integration.

Why Short Term?

Investigations typically generate immediate uncertainty, affecting investor sentiment and stock price in the near term.

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MOTV
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Workhorse Group Inc. (NasdaqCM: WKHS) and Motiv Electric Trucks. Upon completion of the proposed transaction, Workhorse shareholders will own approximately 26.5% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merg.

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