secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2024-03-22T23:59:59+00:00
Accession:  0001213900-24-025166
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse gets Nasdaq 180-day extension to Sep 16, 2024 to meet $1 bid price; plans reverse split vote
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024025166/0001213900-24-025166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024025166/ea0202400-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-025166

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