Workhorse settles lawsuit with Coulomb Solutions for $4.3M, dismissal subject to final agreement

Workhorse Group Inc.

Binding settlement term sheet to resolve Coulomb Solutions v. Workhorse case No. 2:24-cv-11048 in Eastern District of Michigan.
Payment of $4.3 million required; dismissal with prejudice.
Final settlement agreement must be finalized by April 30, 2026; payment due by May 28, 2026.
Company expects to fund payment through borrowing under existing credit facilities.

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