Workhorse Group effects 1-for-20 reverse stock split to regain Nasdaq compliance

Workhorse Group Inc.

Reverse split at 1-for-20 ratio effective June 17, 2024; authorized share count unchanged.
Exercise price and share counts of outstanding options, warrants, and RSUs adjusted accordingly.
Equity incentive plan share reserves not affected by the reverse split.
Action aims to meet Nasdaq minimum bid price requirement; continued compliance not guaranteed.

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