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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Workhorse Group Inc.: Filed Certificate of Change to effect a 1-for-12.5 reverse stock split, reducing authorized common stock from 450M to 36M shares (effective 2025-03-17).

Change: charter amendment
Effective: 2025-03-17

Exact text from the filing

On March 12, 2025, Workhorse Group Inc. (the “Company”) announced that the Board of Directors of the Company approved a reverse stock split (the “Reverse Split”) of the Company’s authorized shares and issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-12.5. The Company expects that the Reverse Split will be effective as of March 17, 2025

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Workhorse Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-022950

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