---
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"
generated_at: "2026-05-29T02:51:13.941206+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $3.5M senior secured convertible note to existing investor

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1425287/000121390024109022/0001213900-24-109022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390024109022/ea0224855-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-109022
- JSON: https://secwatch.observer/filing/0001213900-24-109022.json
- Plain text: https://secwatch.observer/filing/0001213900-24-109022.txt

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