---
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"
generated_at: "2026-06-01T07:38:54.406091+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $7M senior secured convertible note and warrant to institutional investor

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-047250
- JSON: https://secwatch.observer/filing/0001213900-24-047250.json
- Plain text: https://secwatch.observer/filing/0001213900-24-047250.txt

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