secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0001213900-25-121720
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 3.02, 2.01, 5.02, 2.03, 3.03, 5.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse closes Motiv merger; new CEO, $50M debt, and 1-for-12 reverse split take effect Dec 15
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- Merger consummated: Motiv becomes indirect wholly-owned subsidiary; 6,629,800 shares issued to MGMH, which gains control of Workhorse.
- Scott Griffith appointed CEO; former CEO Richard Dauch and four other directors resign; board reduced to seven members.
- Entered up to $50M in debt financing: $40M customer order credit and $10M cash flow line, both maturing Dec 15, 2028, at SOFR+5.00%.
- Redeemed 2024 Notes: paid ~$18.3M to note holders; 2024 Warrants exchanged for rights to acquire 1,193,364 shares of common stock.
- 1-for-12 reverse stock split of common stock effected; Nasdaq listing and ticker 'WKHS' unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025121720/0001213900-25-121720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390025121720/ea0269008-8k_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-121720

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