Workhorse Group announces 1-for-12.5 reverse stock split to regain Nasdaq compliance

Workhorse Group Inc.

Reverse split at 1-for-12.5, effective March 17, 2025; trading begins that day on Nasdaq under WKHS.
Aims to raise share price above $1.00 to meet Nasdaq minimum bid price requirement.
Company must close at $1.00+ for ten consecutive days by March 31, 2025 to avoid delisting.
No fractional shares issued; fractional shares rounded up to nearest whole share.
Authorized common shares reduced from 450M to 36M; par value unchanged at $0.001.

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