---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-083554"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:14:09.047203+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $3.4M convertible note with 9% interest and warrant to raise capital

## Summary
- Issued Fifth Additional Note for $3.4M principal, net proceeds $2.975M after 12.5% OID.
- Note bears 9% annual interest, convertible at lower of $0.5983 or 87.5% 10-day VWAP, subject to Floor Price $0.1693.
- Also issued warrant to purchase up to 4,546,024 shares at $1.2684/share, exercisable for 10 years.
- Total prior notes issued under same agreement: $28.9M principal; $5.95M still outstanding as of Sept 27, 2024.
- Additional closings possible for up to $106.7M in aggregate principal under the Securities Purchase Agreement.

## SEC filing metadata
- accession: 0001213900-24-083554
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390024083554/0001213900-24-083554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390024083554/ea0216064-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-083554
- JSON: https://secwatch.observer/filing/0001213900-24-083554.json
- Plain text: https://secwatch.observer/filing/0001213900-24-083554.txt

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