---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-008552"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T10:53:53.623815+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Workhorse enters sale-leaseback of Union City facility for ~$34.5M with 20-year lease

## Summary
- Purchase price approx. $34.5M for Union City, IN manufacturing campus; buyer William Repny LLC.
- Leaseback with initial 20-year term, base annual rent of ~$3.375M, escalating 3% annually.
- Closing contingent on purchaser's due diligence and financing; no assurance transaction closes.
- Proceeds to be used for general corporate purposes; Workhorse retains manufacturing equipment and fixtures.
- Option to include additional parcel (Battery Storage Property) for total purchase of $39M.

## SEC filing metadata
- accession: 0001213900-24-008552
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390024008552/0001213900-24-008552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390024008552/ea192574-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-008552
- JSON: https://secwatch.observer/filing/0001213900-24-008552.json
- Plain text: https://secwatch.observer/filing/0001213900-24-008552.txt

## Key facts
- Material Agreements
  Workhorse Group Inc. entered into Sale Agreement with William Repny LLC valued at approximately $34.5 million (effective 2024-01-31).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: William Repny LLC
  - Value: approximately $34.5 million
  - Effective: 2024-01-31
  source text: On January 31, 2024, in connection with the sale and leaseback transaction described herein, a subsidiary of Workhorse Group Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Sale Agreement”) with William Repny LLC (the “Purchaser”) for the sale of its Union City, Indiana manufacturing facility and campus, excluding any equipment or fixtures used in manufacturing operations (the “Property”), to Purchaser for a purchase price, before fees and expenses, of approximately $34.5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1425287/000121390024008552/0001213900-24-008552-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.