Workhorse Group Inc. (NASDAQ: WKHS ) entered into a new seven-day exclusivity agreement on August 4 with an unnamed U.S.-based electric commercial vehicle manufacturer regarding a potential merger transaction. The Cincinnati-based company previously signed a 14-day exclusivity agreement with the same manufacturer on July 14, which expired on July 28. Under the proposed transaction, the manufacturer would merge into a newly created Workhorse subsidiary in exchange for newly issued common stock. The exclusivity agreements prevent Workhorse from providing information to, negotiating with, or entering definitive agreements with third parties for alternative transactions, subject to standard fiduciary provisions. Workhorse stated that if definitive agreements are reached, the company intends to file a proxy statement with the Securities and Exchange Commission and potentially other relevant documents regarding the transaction.