{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-018781","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2024-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.150729+00:00","generated_at":"2026-06-05T05:24:50.557871+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Workhorse cuts convertible note by $10M, exchanges warrant for 8.5M shares","bullets":["Redeemed $10M of $20M green senior secured convertible note using controlled account funds; outstanding reduced to $2.5M.","Exchanged warrant to purchase 25.6M shares for 8.5M shares of common stock; warrant cancelled.","Note amendment removes Feb 15 and Mar 1 as partial redemption dates; company gains optional prepayment right.","Minimum liquidity covenant deleted; replaced with monthly certification of cash balances in controlled accounts.","High Trail selling restricted to 12% of daily trading volume through May 30, 2024, subject to early termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-018781","json":"https://secwatch.observer/filing/0001213900-24-018781.json","markdown":"https://secwatch.observer/filing/0001213900-24-018781.md","text":"https://secwatch.observer/filing/0001213900-24-018781.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024018781/0001213900-24-018781-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024018781/ea0201018-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T05:24:50.557871+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e2b5192d3bf3b4811a4995d9c19507a2ab6b0b18","claim":"Workhorse Group Inc. amended First Amendment to Green Senior Secured Convertible Note Due 2026 with High Trail Special Situations LLC valued at Note amended to redeem $10,000,000 principal, reduce outstanding to $2,500,000, remove partial redem (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, the Company entered into a First Amendment to Green Senior Secured Convertible Note Due 2026 (the “Note Amendment”) with the Holder pursuant to which (i) the Company redeemed $10,000,000 principal amount of the Note using funds in a controlled account that had been pledged as collateral securing the Company’s obligations under the Note, thereby reducing the outstanding principal amount of the Note to $2,500,000, and (ii) the parties amended the Note to remove February 15, 2024 and March 1, 2024 as Partial Redemption Dates, permit the Company to prepay the Note at its option, subject to certain conditions, and delete the minimum liquidity covenant.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024018781/0001213900-24-018781-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"High Trail Special Situations LLC"},{"label":"Value","value":"Note amended to redeem $10,000,000 principal, reduce outstanding to $2,500,000, remove partial redem"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"},{"claim_id":"f0cfa005ef1a6a4d81583f56432e12983c2dfb63","claim":"Workhorse Group Inc. terminated Exchange Agreement with High Trail Special Situations LLC valued at Warrant cancelled in exchange for 8,500,000 shares of Common Stock (effective 2024-02-29).","evidence_excerpt":"In connection with the Note Amendment, the Company entered into a letter agreement (the “Exchange Agreement”) whereby the Company exchanged the Warrant with the Holder for a total of 8,500,000 shares of Common Stock, whereupon the Warrant was cancelled (the “Exchange”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024018781/0001213900-24-018781-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"High Trail Special Situations LLC"},{"label":"Value","value":"Warrant cancelled in exchange for 8,500,000 shares of Common Stock"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}