secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001213900-25-077085
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Workhorse Group enters merger agreement with Motiv Power Systems
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- Workhorse to acquire Motiv Power Systems; post-merger Motiv investors will own ~62.5% of Workhorse.
- Workhorse enters $20 million sale-leaseback of Union City facility with affiliate of Motiv's largest investor.
- Workhorse issues $5 million convertible note to Motiv investor affiliate and appoints Alan Henricks to board.
- Workhorse repays ~$30.9 million in 2024 notes and exchanges warrants for rights to 30% of diluted shares.
- Workhorse CEO, CFO, and GC amend employment agreements to reduce change of control payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025077085/0001213900-25-077085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025077085/ea0253251-8k425_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-077085

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