Workhorse Group Inc. (WKHS): Nasdaq/NYSE listing notice — Workhorse gets Nasdaq 180-day extension to Sep 16, 2024 to meet $1 bid price; plans reverse split vote

Workhorse Group Inc.

Nasdaq granted 180-day extension; must close at $1.00+ for 10 consecutive days by Sep 16, 2024.
Company seeks stockholder approval for reverse split (1-for-10 to 1-for-20) at May 14 annual meeting.
If bid price compliance not met by deadline, Nasdaq will delist; appeal possible but uncertain.
Delisting would materially impair ability to raise capital and financial condition.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.96

Workhorse Group Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: extension granted
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

March 21, 2024, the Company received written notification from the Listing Qualifications Department of Nasdaq (the “Extension Notice”), granting the Company’s request for a 180-day extension to regain compliance with the Bid Price Requirement. The Company now has until September 16, 2024, to meet the Bid Price Requirement. If at any time prior to September 16, 2024, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days, the Company will regain compliance with the Bid Price Requirement. The Extension Notice has no immediate e

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Source: SEC EDGAR

accession 0001213900-24-025166

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