---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-020513"
form_type: "8-K/A"
ticker: "WKHS"
cik: "0001425287"
company_name: "Workhorse Group Inc."
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:31:02.900070+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Motiv restates 2024 EPS on weighted share error; FY24 loss $51.6M, revenue down 58%

## Summary
- Restated 2024 loss per share from $74.1 to $9.4; weighted avg shares corrected to 5.47M due to omitted preferred conversion and reverse split.
- FY2024 net loss $51.6M (widened from $46.8M in 2023); revenue fell 58% to $7.0M from $16.9M.
- As of Dec 31, 2024, Motiv had $6.6M cash, $76.9M current liabilities, $254.9M accumulated deficit; auditor cites substantial going-concern doubt.
- Pro forma combined statements for Workhorse+Motiv filed as of Sep 30, 2025; merger closed Dec 15, 2025.

## SEC filing metadata
- accession: 0001213900-26-020513
- form_type: 8-K/A
- ticker: WKHS
- cik: 0001425287
- company_name: Workhorse Group Inc.
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1425287/000121390026020513/0001213900-26-020513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1425287/000121390026020513/ea0278289-8ka1_workhorse.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-020513
- JSON: https://secwatch.observer/filing/0001213900-26-020513.json
- Plain text: https://secwatch.observer/filing/0001213900-26-020513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.