secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001213900-25-063459
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse Group (WKHS) in talks to merge with private EV maker; would issue majority stake
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- In discussions to merge a private electric commercial vehicle maker into a new WKHS subsidiary; target's investors would hold substantial majority of WKHS post-close.
- Potential transaction includes refinancing ~$33M senior secured convertible notes via a new convertible note and ~$20M sale-leaseback of Union City plant.
- Noteholder would receive 3M new WKHS shares and cancel warrants; refinancing contingent on definitive agreement and closing.
- Workhorse and target entered a 14-day exclusivity agreement; no definitive agreement yet, requires stockholder and Nasdaq approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025063459/0001213900-25-063459-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025063459/ea0248814-8k425_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-063459

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