secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001213900-25-021938
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Group secures $3M release from lockbox from $35M convertible note
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- On March 7, 2025, investor consented to release $3M from lockbox tied to $35M convertible note issued Feb 12, 2025.
- Funds expected to be received March 10, 2025, less fees and expenses, subject to conditions.
- The lockbox release is part of prior securities purchase agreement for up to $139M in convertible notes and warrants.
- Company issued Tenth Additional Note of $35M and warrant for 55M shares on Feb 12, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025021938/0001213900-25-021938-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025021938/ea0233716-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-021938

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer