---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-072013"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:49:06.881382+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $2.6M convertible note and warrant under existing SPA

## Summary
- Fourth Additional Note: $2.6M principal, 12.5% OID, net proceeds ~$2.275M.
- Note bears 9% interest, matures in one year; convertible at lower of $0.7193 or 87.5% of VWAP (floor $0.1586).
- Warrant to purchase up to 2,891,901 shares at $1.1101 per share, exercisable for 10 years.
- Prior Notes outstanding aggregate $6.85M as of August 22, 2024.
- Up to $110.1M additional principal available under SPA subject to conditions.

## SEC filing metadata
- accession: 0001213900-24-072013
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390024072013/0001213900-24-072013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390024072013/ea0212206-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-072013
- JSON: https://secwatch.observer/filing/0001213900-24-072013.json
- Plain text: https://secwatch.observer/filing/0001213900-24-072013.txt

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