{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-006717","form_type":"8-K","ticker":"WKHS","cik":"0001425287","company_name":"Workhorse Group Inc.","filed_at":"2025-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.598296+00:00","generated_at":"2026-05-27T09:09:38.920083+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Workhorse issues $3.5M convertible note at 9%; expects $1.5-1.8M impairment on W4 CC prepaids","bullets":["Issued $3.5M senior secured note (12.5% OID) to institutional investor; proceeds ~$3.06M before fees, due in 1 year.","Note carries 9% cash/kind interest (18% default); convertible at lower of $0.4996 or 87.5% of 10-day VWAP (floor $0.1190).","Investor waived warrants for this tranche; $5.8M remaining waiver capacity; ATM program for up to $5M common shares permitted.","Expects to record $1.5-1.8M reserve on W4 CC prepaid purchases as of Dec 31, 2024, due to likely impairment.","Total outstanding Notes: $5.65M after this $3.5M issuance; no shares yet issued under warrants."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-006717","json":"https://secwatch.observer/filing/0001213900-25-006717.json","markdown":"https://secwatch.observer/filing/0001213900-25-006717.md","text":"https://secwatch.observer/filing/0001213900-25-006717.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1425287/000121390025006717/0001213900-25-006717-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1425287/000121390025006717/ea022877001-8k_workhorse.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T09:09:38.920083+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"}