---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-012508"
form_type: "8-K"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T22:52:46.085537+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Workhorse issues $35M 9% convertible note and 55M-share warrant to institutional investor

## Summary
- Issued $35M Tenth Additional Note (12.5% OID, net proceeds ~$30.6M before fees) and warrant to purchase 55,045,655 shares at $0.6999.
- Note bears 9% interest (18% on default), matures in one year, convertible at lower of $0.4244 or 87.5% of 10-day VWAP (floor $0.10).
- Proceeds placed in lockbox; monthly releases of $2.625M subject to minimum stock price and volume conditions.
- Waiver permits up to $5M ATM offering without anti-dilution provisions through October 2025.
- This is the 11th supplemental indenture under existing $139M framework; $8.35M of prior notes remain outstanding.

## SEC filing metadata
- accession: 0001213900-25-012508
- form_type: 8-K
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390025012508/0001213900-25-012508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390025012508/ea0230729-8k_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-012508
- JSON: https://secwatch.observer/filing/0001213900-25-012508.json
- Plain text: https://secwatch.observer/filing/0001213900-25-012508.txt

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