Workhorse Group Inc. — fact timeline

Workhorse Group Inc. amended Omnibus Amendment No. 1 to Credit Agreements with Motive GM Holdings II LLC valued at from $10,000,000 to $20,000,000 (effective 2026-04-25).

“On April 25, 2026, Workhorse Group Inc. (“Workhorse” or the “Company”) entered into an Omnibus Amendment No. 1 to Credit Agreements (the “Omnibus Amendment”), which amends the Company’s (i) Credit Agreement (Customer Orders) (the “Customer Order Credit Agreement”) and (ii) Credit Agreement (Cash Flow) (the “Cash Flow Credit Agreement” and together with the Customer Order Credit Agreement, the “Credit Agreements” and such transactions, collectively, the “Closing Debt Financing”), each dated as of December 15, 2025, by and among Workhorse, as borrower, certain subsidiaries of Workhorse, as guarantors, and Motive GM Holdings II LLC (“MGMH”), as lender.”

Workhorse Group Inc. amended credit facility of $30,000,000 with Motive GM Holdings II LLC.

“amends the Customer Order Credit Agreement to reduce the Commitment thereunder from $40,000,000 to $30,000,000”

Workhorse Group Inc. amended credit facility with Motive GM Holdings II LLC.

“amends the Cash Flow Credit Agreement to defer interest payments on the additional $10,000,000 Loan made pursuant to the Omnibus Amendment until the first Interest Payment Date (as defined in the Cash Flow Credit Agreement) occurring after September 30, 2026”

Workhorse Group Inc. amended credit facility of $20,000,000 with Motive GM Holdings II LLC.

“amends the Cash Flow Credit Agreement to increase the Commitment (as defined in the Cash Flow Credit Agreement) thereunder from $10,000,000 to $20,000,000”

Workhorse Group Inc. reported the quarter and year ended December 31, 2025 results: revenue $9.7 million.

“filed with the Securities and Exchange Commission. --- EX-99.1 (EX-99.1) --- Press Release Workhorse Group Reports Fourth Quarter and Full Year 2025 Results • Revenue of $9.7 million in Q4 2025, up 64% year-over-year; full year revenue of $21.2 million, up 201% year-over-year • On a pro forma basis, combined company revenue of $34.0 million for full year”

Workhorse Group Inc. engaged Carr, Riggs & Ingram, L.L.C. as its auditor.

“The Company has been notified that Carr, Riggs & Ingram, L.L.C. (“CRI”) acquired, effective as of January 1, 2026, certain assets related to the capital markets practice of BPB. On January 21, 2026, the Audit Committee of the Board of Directors of the Company simultaneously dismissed BPB as the Company’s independent registered accounting firm and approved the appointment of CRI as the Company’s new independent registered public accounting firm, effective immediately.”

Workhorse Group Inc. dismissed Berkowitz Pollack Brant Advisors + CPAs, LLP as its auditor.

“Item 4.01 Changes in Registrant’s Certifying Accountant Berkowitz Pollack Brant Advisors + CPAs, LLP (“BPB”) served as the Company’s independent registered public accounting firm prior to completion of the Merger and CBIZ served as Motiv’s independent registered public accounting firm prior to the Merger. The Company has been notified that Carr, Riggs & Ingram, L.L.C. (“CRI”) acquired, effective as of January 1, 2026, certain assets related to the capital markets practice of BPB. On January 21, 2026, the Audit Committee of the Board of Directors of the Company simultaneously dismissed BPB as the Company’s independent registered accounting firm and approved the appointment of CRI as the Company’s new independent registered public accounting firm, effective immediately.”

Workhorse Group Inc.: Board adopted Third Amended and Restated Bylaws to opt out of Control Share Act and add exclusive forum provision.

“adopted the Third Amended and Restated Bylaws of Workhorse (the “A&R Bylaws”) to (i) opt out of Sections 78.378 to 78.3793, inclusive, of the Nevada Revised Statutes (the “Control Share Act”), and (ii) add an exclusive forum provision.”

Workhorse Group Inc. incurred credit facility of up to $10 million with MGMH at term SOFR plus an applicable margin of 5.00% maturing December 15, 2028.

“The Cash Flow Credit Agreement provides Workhorse with a line of credit with borrowing capacity of up to $10 million to fund its working capital requirements”

Workhorse Group Inc. incurred credit facility of up to $40 million with MGMH at term SOFR plus an applicable margin of 5.00% maturing December 15, 2028.

“The Customer Order Credit Agreement provides Workhorse with up to $40 million to fund vehicle manufacturing in connection with Qualified Purchase Orders”

Workhorse Group Inc. completed an acquisition involving Motiv Power Systems, Inc. (closed 2025-12-15).

“On December 15, 2025 (the “Closing Date”), Workhorse Group Inc., a Nevada corporation (“Workhorse” or the “Company”), consummated the previously announced merger pursuant to the Agreement and Plan of Merger”

Workhorse Group Inc. shareholders approved Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2024-05-14 meeting.

“Proposal 6 – Ratification of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2024. Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 130,154,367 21,611,313 7,266,854 0 The shareholders ratified the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for fiscal year 2024.”

Workhorse Group Inc. shareholders approved Approval of the proposed issuance of the maximum number of shares of the Company’s common stock underlying the Company’s senior secured convertible notes and warrants to purchase common stock at the 2024-05-14 meeting.

“Proposal 5 – Approval, for the purposes of Nasdaq Listing Rule 5635(D), the proposed issuance of the maximum number of shares of the Company’s common stock underlying the Company’s (A) senior secured convertible notes and (B) warrants to purchase common stock. Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 35,204,064 31,832,919 2,587,277 89,408,274 The shareholders approved the proposed issuance of the Company’s common stock.”

Workhorse Group Inc. shareholders approved Approval of a reverse stock split of the Company’s outstanding shares of common stock by a ratio of any whole number between 1-for-10 and 1-for-20 at the 2024-05-14 meeting.

“Proposal 4 – Approval, pursuant to Nevada Revised Statutes 78.2055, of a reverse stock split of the Company’s outstanding shares of common stock by a ratio of any whole number between 1-for-10 and 1-for-20, at any time prior to August 30, 2024, to be determined at the discretion of the Board of Directors, for the purpose of complying with the Nasdaq Listing Rules, subject to the Board’s discretion to abandon such reverse stock split. Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 90,195,037 65,160,755 3,676,742 0 The stockholders approved the proposed reverse stock split.”

Workhorse Group Inc. shareholders approved Approval, on an advisory basis, of the frequency of voting on named executive officer compensation at the 2024-05-14 meeting.

“Proposal 3 – Approval, on an advisory basis, of the frequency of voting on named executive officer compensation One Year Two Years Three Years Abstentions Broker Non-Votes Votes Cast 55,408,269 1,293,948 9,719,840 3,202,203 89,408,274 The shareholders approved, on an advisory basis, a yearly frequency of voting on named executive officer compensation.”

Workhorse Group Inc. shareholders approved Approval, on an advisory basis, of the compensation of named executive officers at the 2024-05-14 meeting.

“Proposal 2 – Approval, on an advisory basis, of the compensation of named executive officers Votes For Votes Against Abstentions Broker Non-Votes Votes Cast 41,006,830 25,258,757 3,358,673 89,408,274 The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers.”

Workhorse Group Inc. shareholders approved Election of seven nominees to serve on the Board of Directors at the 2024-05-14 meeting.

“Proposal 1 - Election of seven nominees to serve on the Board of Directors until the next annual meeting or until their respective successors are duly elected and qualified. Nominee Votes For Votes Against Abstentions Broker Non-Votes Raymond J. Chess 44,155,363 22,919,916 2,548,981 89,408,274 Richard F. Dauch 51,032,945 16,465,023 2,126,292 89,408,274 Jacqueline A. Dedo 44,205,829 22,952,143 2,466,288 89,408,274 Pamela S. Mader 45,662,736 21,507,970 2,453,554 89,408,274 William G. Quigley III 45,426,256 21,715,718 2,482,286 89,408,274 Austin S. Miller 46,119,638 21,056,003 2,448,619 89,408,274 Dr. Jean Botti 46,125,228 21,021,534 2,477,498 89,408,274 The shareholders elected all seven of the nominees as directors.”

Workhorse Group Inc. incurred convertible notes of $6,285,714 with institutional investor at 9.0% per annum maturing one-year anniversary of the date hereof (May 10, 2025).

“Pursuant to the Securities Purchase Agreement, on May 10, 2024, the Company issued and sold to the Investor a (i) Note in the original principal amount of $6,285,714 (the “First Additional Note”) and (ii) Warrant to purchase up to 36,785,453 shares of Common Stock (the “First Additional Warrant”).”

Workhorse Group Inc. entered into Securities Purchase Agreement with institutional investor valued at Issuance of First Additional Note in principal amount of $6,285,714 and Warrant to purchase up to 36 (effective 2024-03-15).

“As previously disclosed, on March 15, 2024, Workhorse Group Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”) under which the Company agreed to issue and sell, in one or more registered public offerings by the Company directly to the Investor, (i) senior secured convertible notes for up to an aggregate principal amount of $139,000,000 (the “Notes”) that will be convertible into shares of the Company’s common stock, par value of $0.001 per share (the “Common Stock”) and (ii) warrants (the “Warrants”) to purchase shares of Common Stock in multiple tranches over a period beginning on March 15, 2024.”

Workhorse Group Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“March 21, 2024, the Company received written notification from the Listing Qualifications Department of Nasdaq (the “Extension Notice”), granting the Company’s request for a 180-day extension to regain compliance with the Bid Price Requirement. The Company now has until September 16, 2024, to meet the Bid Price Requirement. If at any time prior to September 16, 2024, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days, the Company will regain compliance with the Bid Price Requirement. The Extension Notice has no immediate e”

Workhorse Group Inc. incurred senior notes of aggregate principal amount of $139,000,000 with institutional investor at 9.0% per annum maturing one-year anniversary of their respective issuance dates.

“one or more registered public offerings by the Company directly to the Investor (the “Offering”), (i) senior secured convertible notes for up to an aggregate principal amount of $139,000,000 (the “Notes”) that will be convertible into shares of the Company’s common stock, par value of $0.001 per share (the “Common Stock”) and (ii) warrants (the “Warrants”) to purchase”

Workhorse Group Inc. entered into Securities Purchase Agreement with an institutional investor valued at up to an aggregate principal amount of $139,000,000 (effective 2024-03-15).

“on March 15, Workhorse Group Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with an institutional investor (the “Investor”) under which the Company agreed to issue and sell pursuant to the Company’s Indenture, dated December 27, 2023 between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), and a Second Supplemental Indenture to be entered into between the Company and the Trustee (collectively, the “Indenture”), in one or more registered public offerings by the Company directly to the Investor (the “Offering”), (i) senior secured convertible notes for up to an aggregate principal amount of $139,000,000 (the “Notes”)”