{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-109022","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2024-12-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.421433+00:00","generated_at":"2026-05-29T02:51:13.941206+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Workhorse issues $3.5M senior secured convertible note to existing investor","bullets":["Issued $3.5M Eighth Additional Note (12.5% OID; net proceeds ~$3.06M) to the same institutional investor.","Note bears 9% interest, convertible at lower of $0.5983 ref price or greater of $0.20 floor and 87.5% of 10-day VWAP.","Investor waived warrants for this tranche; up to $5M ATM offering allowed without price floor through Oct 2025.","As of Dec 15, $5.6M aggregate principal remained outstanding on prior notes; up to $100M additional closings possible.","Note is senior secured, matures one year from issuance; covenants include minimum liquidity of $1.5M or $4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-109022","json":"https://secwatch.observer/filing/0001213900-24-109022.json","markdown":"https://secwatch.observer/filing/0001213900-24-109022.md","text":"https://secwatch.observer/filing/0001213900-24-109022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024109022/0001213900-24-109022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390024109022/ea0224855-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T02:51:13.941206+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"}