{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-062309","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2024-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.016821+00:00","generated_at":"2026-05-31T19:36:31.718190+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Workhorse issues $4M senior secured convertible note with 12.5% OID to institutional investor","bullets":["Issued $4M principal note (net proceeds ~$3.5M after 12.5% OID) and warrant to buy 2,715,777 shares at $2.9260.","Note bears 9% interest (18% on default), matures in one year, convertible at lower of $1.1783 or 87.5% of 10-day VWAP (floor $0.3708).","This is third additional draw under March 2024 $139M facility; total issued $22.285M prior, $5.6M outstanding before this.","Covenants require $1.5M liquidity (or $4M if sale-leaseback of Union City facility closes); senior secured guarantees from subsidiaries."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-062309","json":"https://secwatch.observer/filing/0001213900-24-062309.json","markdown":"https://secwatch.observer/filing/0001213900-24-062309.md","text":"https://secwatch.observer/filing/0001213900-24-062309.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024062309/0001213900-24-062309-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024062309/ea0209609-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:36:31.718190+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"}