Workhorse ups cash-flow credit line to $40M, defers interest, issues 1.5M warrants

Workhorse Group Inc.

Cash Flow Credit Agreement commitment raised from $30M to $40M via Amendment No. 3 dated Aug 11, 2026.
Interest on $20M of loans (Amendment No. 2 and No. 3 tranches) deferred until first Interest Payment Date after Jan 31, 2027.
Issued warrants for 1.5M shares at $10.00 strike to MGMH (750k per $10M borrowing); exercisable immediately for 5 years.
Rent deferral with Mango Workhorse extended: prior deferred rent plus Oct 2026-Jan 2027 rent due as lump sum by Jan 31, 2027.

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