Workhorse Group, Inc. has entered into a new exclusivity agreement with a U.S.-based electric commercial vehicle manufacturer to re-impose restrictions on potential alternative transactions, following the expiration of a prior exclusivity agreement.

Workhorse Group Inc. is in discussions with a U.S.-based electric commercial vehicle manufacturer about a potential transaction involving a merger, share issuance, and refinancing of its senior secured convertible notes. The transaction includes a sale-leaseback of its Union City, Indiana facility and terms to be finalized with the manufacturer's investor.

The article discusses Occidental Petroleum's SEC filings, including an 8-K report about a potential merger between Workhorse Group and a U.S. electric commercial-vehicle manufacturer. It outlines financial details of the deal, regulatory disclosures, and the company's core operations in oil and gas, technology integration, and global regions.

Workhorse, a commercial EV maker, announced a merger update, leading to a decline in its shares.

Monday's stock market was impacted by major deals and fundraising announcements, causing significant stock price swings. Workhorse Group's stock fell 42% after a rumored tie-up with a US electric commercial vehicle maker, while Waters shares dropped 11% following a $17.5 billion merger with Becton Dickinson. Unusual Machines saw a 10% decline after a discounted 5 million-share offering.