secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001213900-24-106965
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Group auditor Grant Thornton declines reappointment; material weaknesses noted
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- Grant Thornton notified Workhorse on Dec 3, 2024 it will not stand for reappointment as independent auditor for FY2024.
- No disagreements on accounting principles or audit scope during 2022-2024; 2023 report included going-concern emphasis.
- Two material weaknesses: insufficient control precision on fair value of convertible note/warrant liability, and understaffed finance team due to cost cuts.
- No new independent auditor has been engaged as of filing date; company will disclose appointment in future Form 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024106965/0001213900-24-106965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390024106965/ea0223888-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-106965

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