secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K/A
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001213900-26-020513
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390026020513/0001213900-26-020513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390026020513/ea0278289-8ka1_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-020513

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