---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-103459"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2024-11-27T23:59:59+00:00"
generated_at: "2026-05-29T13:49:07.421984+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $2M senior secured convertible note to institutional investor; OID 12.5%

## Summary
- Issued $2,000,000 Seventh Additional Note, net proceeds $1,750,000 after 12.5% original issue discount.
- Note carries 9% interest (18% default), matures one year from November 27, 2024.
- Conversion price is lower of $0.5983 or 87.5% of 10-day VWAP, with floor of $0.2132; no warrants issued.
- Prior aggregate notes total $33.5M; $5.85M remained outstanding as of November 26, 2024.
- Up to $103.5M additional notes remain available under the Securities Purchase Agreement subject to conditions.

## SEC filing metadata
- accession: 0001213900-24-103459
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2024-11-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390024103459/0001213900-24-103459-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390024103459/ea0222618-8k_workhouse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-103459
- JSON: https://secwatch.observer/filing/0001213900-24-103459.json
- Plain text: https://secwatch.observer/filing/0001213900-24-103459.txt

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