Workhorse Group Inc. — fact timeline

Jody Davis was appointed as Chief Financial Officer at Workhorse Group Inc..

“On July 13, 2026, the Company announced the appointment of Jody Davis as its Chief Financial Officer (Principal Financial Officer), effective immediately.”

Robert M. Ginnan resigned as Chief Financial Officer at Workhorse Group Inc..

“on July 13, 2026, Robert M. Ginnan and the Company agreed that Mr. Ginnan will no longer serve as the Company’s Chief Financial Officer, effective July 13, 2026.”

Workhorse Group Inc. amended credit facility of from $30,000,000 to $20,000,000 with Motive GM Holdings II LLC.

“(iii) amends the Customer Order Credit Agreement to reduce the Commitment thereunder from $30,000,000 to $20,000,000 in accordance with Section 10.01 of the Customer Order Credit Agreement”

Workhorse Group Inc. amended credit facility of from $20,000,000 to $30,000,000 with Motive GM Holdings II LLC.

“(i) amends the Cash Flow Credit Agreement to increase the Commitment (as defined in the Omnibus Amendment No. 2) thereunder from $20,000,000 to $30,000,000 in accordance with Section 10.01 of the Cash Flow Credit Agreement, (ii) amends the Cash Flow Credit Agreement to defer interest payments on the additional $10,000,000 Commitment until the first Interest Payment Date (as defined in the Cash Flow Credit Agreement) occurring after September 30, 2026”

Workhorse Group Inc. amended Omnibus Amendment No. 2 to Credit Agreements with Motive GM Holdings II LLC valued at Amendments to increase Cash Flow Credit Agreement commitment from $20,000,000 to $30,000,000 and red (effective 2026-06-16).

“Item 1.01. Entry into a Material Definitive Agreement. Omnibus Amendment No. 2 to Credit Agreements On June 16, 2026, Workhorse Group Inc. (“Workhorse” or the “Company”) entered into an Omnibus Amendment No. 2 to Credit Agreements (the “Omnibus Amendment No. 2”), 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”), 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, each as amended by that certain Omnibus Amendment No. 1, dated as of April 25, 2026, by and among Workhorse, as borrower, certain subsidiaries of Workhorse, as guarantors, and MGMH, as lender. The Omnibus Amendment No. 2 (i) amends the Cash Flow Credit Agreement to increase the Commitment (as defined i”

Workhorse Group Inc. reported first quarter ended March 31, 2026 results: revenue $4.3 million. Guidance reaffirmed.

“as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Press Release Workhorse Group Reports First Quarter 2026 Results • Revenue of $4.3 million in Q1 2026, compared to $1.1 million in Q1 2025 on a comparable GAAP basis • Delivered 21 vehicles in Q1 2026, compared to 5 vehicles in Q1 2025 • Announced 100-vehicle W56”

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. entered into Registration Rights Agreement with MGMH (effective 2025-12-15).

“hat entities affiliated with MGMH provide Workhorse with up to $20 million in debt financing at the Closing. In satisfaction of this”

Workhorse Group Inc. terminated Convertible Note Security Agreement with MGMH (effective 2025-12-15).

“hat entities affiliated with MGMH provide Workhorse with up to $20 million in debt financing at the Closing. In satisfaction of this”

Workhorse Group Inc. amended Amended and Restated Convertible Note with MGMH (effective 2025-12-15).

“On the Closing Date, the parties to the Convertible Note entered into an Amended and Restated Convertible Note (the “A&R Note”) to make the obligations under the Convertible Note, as amended, unsecured obligations of Workhorse and each guarantor party thereto.”

Workhorse Group Inc. entered into Cash Flow Credit Agreement with MGMH valued at up to $10 million (effective 2025-12-15).

“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. entered into Customer Order Credit Agreement with MGMH valued at up to $40 million (effective 2025-12-15).

“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.: 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. issued common stock.

“Following stockholder approval, the Board approved a 1-for-12 reverse stock split of the Company’s issued and outstanding shares of Common Stock (the “Reverse Split”). The Reverse Split will be effective as of December 8, 2025”

Workhorse Group Inc.: Filed Certificate of Change to effect a 1-for-12.5 reverse stock split, reducing authorized common stock from 450M to 36M shares (effective 2025-03-17).

“On March 12, 2025, Workhorse Group Inc. (the “Company”) announced that the Board of Directors of the Company approved a reverse stock split (the “Reverse Split”) of the Company’s authorized shares and issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-12.5. The Company expects that the Reverse Split will be effective as of March 17, 2025”

Workhorse Group Inc. incurred convertible notes of $35,000,000 at 9.0% per annum maturing one-year anniversary of the date hereof.

“on February 12, 2025 (the “Closing Date”), the Company issued and sold to the Investor (i) a Note in the original principal amount of $35,000,000 (the “Tenth Additional Note”)”

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

“On December 18, 2024, the Audit Committee of the Board of Directors of Workhorse Group Inc. (the “Company”) appointed Berkowitz Pollack Brant Advisors + CPAs, LLP (“BPB”) to serve as the Company’s independent registered public accounting firm for the fiscal year ended December 31, 2024.”

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”)”

Workhorse Group Inc. reported financial results for the quarter and year ended December 31, 2023.

“On March 12, 2024, Workhorse Group Inc. (the "Company") issued a press release regarding its financial results for the quarter and year ended December 31, 2023.”

Workhorse Group Inc. terminated Exchange Agreement with High Trail Special Situations LLC valued at Warrant cancelled in exchange for 8,500,000 shares of Common Stock (effective 2024-02-29).

“In connection with the Note Amendment, the Company entered into a letter agreement (the “Exchange Agreement”) whereby the Company exchanged the Warrant with the Holder for a total of 8,500,000 shares of Common Stock, whereupon the Warrant was cancelled (the “Exchange”).”

Workhorse Group Inc. amended First Amendment to Green Senior Secured Convertible Note Due 2026 with High Trail Special Situations LLC valued at Note amended to redeem $10,000,000 principal, reduce outstanding to $2,500,000, remove partial redem (effective 2024-02-29).

“On February 29, 2024, the Company entered into a First Amendment to Green Senior Secured Convertible Note Due 2026 (the “Note Amendment”) with the Holder pursuant to which (i) the Company redeemed $10,000,000 principal amount of the Note using funds in a controlled account that had been pledged as collateral securing the Company’s obligations under the Note, thereby reducing the outstanding principal amount of the Note to $2,500,000, and (ii) the parties amended the Note to remove February 15, 2024 and March 1, 2024 as Partial Redemption Dates, permit the Company to prepay the Note at its option, subject to certain conditions, and delete the minimum liquidity covenant.”

Workhorse Group Inc. entered into Sale Agreement with William Repny LLC valued at approximately $34.5 million (effective 2024-01-31).

“On January 31, 2024, in connection with the sale and leaseback transaction described herein, a subsidiary of Workhorse Group Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Sale Agreement”) with William Repny LLC (the “Purchaser”) for the sale of its Union City, Indiana manufacturing facility and campus, excluding any equipment or fixtures used in manufacturing operations (the “Property”), to Purchaser for a purchase price, before fees and expenses, of approximately $34.5 million.”

Workhorse Group Inc. incurred convertible notes of $20,000,000 with High Trail Special Situations LLC maturing October 1, 2026.

“On the Closing Date the Company issued and sold in a registered public offering by the Company directly to the Investor (the “Offering”) a (i) green senior secured convertible note for the principal amount of $20,000,000 (the “Note”)”

Workhorse Group Inc. entered into Securities Purchase Agreement with High Trail Special Situations LLC valued at $20,000,000 principal amount of green senior secured convertible note (effective 2023-12-27).

“On December 27, 2023 (the “Closing Date”), Workhorse Group Inc. (the “Company”) consummated the transactions contemplated by the previously disclosed securities purchase agreement (the “Securities Purchase Agreement”) entered into with High Trail Special Situations LLC (the “Investor”) on December 12, 2023.”

Workhorse Group Inc. entered into Securities Purchase Agreement with High Trail Special Situations LLC (effective 2023-12-12).

“On December 12, 2023, Workhorse Group Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with High Trail Special Situations LLC (the “Investor”) under which the Company agreed to issue and sell pursuant to an indenture and supplemental indenture”

Workhorse Group Inc. reported the third quarter ended September 30, 2023 results: revenue $3.0 million.

“Sales, net of returns and allowances, for the third quarter of 2023 were recorded at $3.0 million compared to $1.5 million in the same period last year.”

Greg Ackerson departed as Chief Accounting Officer and Corporate Controller at Workhorse Group Inc..

“On September 26, 2023, Workhorse Group Inc. (the “Company”) notified Greg Ackerson, the Company’s Chief Accounting Officer and Corporate Controller, that the Company will not renew his employment agreement. Mr. Ackerson’s last day of employment at the Company will be November 6, 2023.”

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

“September 22, 2023, Workhorse Group Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of Nasdaq Stock Market (“Nasdaq”) indicating that, because the closing bid price for the Company’s common stock has fallen below $1.00 per share for 30 consecutive trading days, the Company was no longer in compliance with the $1.00 Minimum Bid Price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market (the “Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s com”

Workhorse Group Inc.: Increased authorized shares of common stock from prior amount to 450 million (effective 2023-09-06).

“On September 6, 2023, the Company filed the Amendment with the Secretary of State of the State of Nevada, and such Amendment became effective immediately.”

Workhorse Group Inc. shareholders approved Approval of an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock at the 2023-09-01 meeting.

“Proposal 1 – Approval of an amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock. Votes For Votes Against Abstentions Votes Cast 107,790,864 15,836,387 1,700,854 The stockholders approved the amendment to the Company’s Articles of Incorporation to increase the number of authorized shares of common stock.”

Workhorse Group Inc.: Amended and restated bylaws to revise quorum provisions, meeting procedures, stockholder proposals, and add proxy access for director nominations (effective 2023-07-07).

“On July 7, 2023, Workhorse Group Inc. (the “Company”) amended and restated the Company’s bylaws, in the form of the Second Amended and Restated Bylaws of the Company, a copy of which is filed as Exhibit 3.1 hereto and is incorporated herein by reference (the “Amended Bylaws”), following approval by the Company’s Board of Directors. The Amended Bylaws became effective immediately. The Amended Bylaws revise provisions concerning quorum in accordance with recent amendments to Nevada law concerning the effect of broker non-votes. In addition, the Amended Bylaws amend certain provisions related to meeting procedures and stockholder proposals and add a provision that permits an eligible stockholder or a group of up to twenty eligible stockholders who have continuously held for a period of three years at least three percent of the Company’s outstanding shares entitled to vote in an election of directors to nominate and include in the Company’s annual meeting proxy materials up to two director”