secwatch.observer — SEC 8-K summary
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Issuer:     Workhorse Group Inc. (WKHS)
CIK:        0001425287
Form:       8-K/A
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001213900-26-033661
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workhorse files amended 8-K with Motiv Power Systems audited restated financials; going concern noted
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- Motiv Power Systems net loss of $51.6M for 2024, revenues $7.0M vs $16.9M in 2023 (down 58%).
- Accumulated deficit of $254.9M; $38.2M cash used in operations during 2024; $6.6M cash at year-end.
- Auditors express substantial doubt about Motiv's ability to continue as a going concern.
- Restatement corrects per-share data for reverse stock split and preferred conversion; net loss unchanged.
- 2023 net loss restated at $57.4M (attributable to common); $51.6M in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1425287/000121390026033661/0001213900-26-033661-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1425287/000121390026033661/ea0281147-8ka2_workhorse.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-033661

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