Workhorse Group receives Nasdaq delisting notice for bid price below $1.00

Workhorse Group Inc.

Nasdaq notified Workhorse on Oct 2, 2024 that its common stock bid price fell below $1.00 for 30 consecutive days, violating Listing Rule 5550(a)(2).
Company has 180 calendar days, until March 31, 2025, to regain compliance by having bid price ≥$1.00 for 10 consecutive trading days.
If not cured by March 31, 2025, Workhorse may be eligible for an additional 180-day grace period if it meets other listing standards.
Company is evaluating actions to regain compliance, but warns failure could materially and adversely affect its ability to raise capital and financial condition.

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