{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-047250","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2024-05-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.362221+00:00","generated_at":"2026-06-01T07:38:54.406091+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Workhorse issues $7M senior secured convertible note and warrant to institutional investor","bullets":["On May 29, 2024 issued $7M Series A-4 Note (9% interest, 12.5% OID, one-year maturity) and warrant to purchase 40,965,618 shares.","Conversion price: lower of $0.1367 or 87.5% of 10-day VWAP, floor $0.0421; warrant exercise price $0.2944 for 10 years.","Prior notes of $15,285,714 aggregate principal have $3,548,137.20 outstanding; no shares yet issued under any warrants.","Up to $116.7M additional notes and warrants may be issued under the Securities Purchase Agreement subject to conditions.","The Note is senior, secured by company assets, and includes minimum liquidity covenants ($1.5M/$4M)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-047250","json":"https://secwatch.observer/filing/0001213900-24-047250.json","markdown":"https://secwatch.observer/filing/0001213900-24-047250.md","text":"https://secwatch.observer/filing/0001213900-24-047250.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024047250/0001213900-24-047250-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024047250/ea0206943-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:38:54.406091+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}