{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-087974","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2024-10-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.420193+00:00","generated_at":"2026-05-30T13:39:54.179883+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Workhorse issues additional $1.2M convertible note, waives warrants and lease obligations","bullets":["Issued $1.2M principal senior secured convertible note (net proceeds ~$1.05M after 12.5% OID) to existing institutional investor.","Conversion price is lower of $0.5983 or 87.5% of 10-day VWAP, floor $0.1611; warrants waived for this tranche.","Investor waived warrants on up to $14.8M future notes; company permitted ATM sales up to $5M with no price floor through Oct 16, 2025.","Company waived affiliate's ongoing lease payments under aero business sale agreement.","Previously $8.95M outstanding under facility; beneficial ownership cap increased to 9.99% effective Nov 4, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-087974","json":"https://secwatch.observer/filing/0001213900-24-087974.json","markdown":"https://secwatch.observer/filing/0001213900-24-087974.md","text":"https://secwatch.observer/filing/0001213900-24-087974.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024087974/0001213900-24-087974-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024087974/ea0217727-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:39:54.179883+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"}