secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2024-10-03T23:59:59+00:00
Accession:  0001213900-24-084741
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024084741/0001213900-24-084741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024084741/ea0216608-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-084741

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