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Stock impact report

Workhorse Group Reports Third Quarter 2018 Results

Workhorse Group, Inc. (WKHS) 
NASDAQ:AMEX Investor Relations: workhorse.com/investors
Company Research Source: PR Newswire
CINCINNATI, Nov. 7, 2018 /PRNewswire/ -- Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on changing the way the world works by providing sustainable and cost-effective transportation solutions, today reported financial results for the third quarter ended September 30, 2018.Third Quarter and Recent Operational Highlights In July, secured $6.1 million term loan from Arosa Capital Management, providing additional flexibility to appropriately address the company's long-term capital needs. In July, announced milestone achievement that the N-GEN platform has demonstrated operating efficiencies averaging 40MPGe for the 450-cubic foot electric van and 75MPGe for the 200-cubic foot electric van. In August, unveiled new corporate brand and first strategic marketing platform "Work Ahead," concepted and produced by global firm Grey New York. In August, closed $10.35 million public offering of common stock, the proceeds of which are intended to be primarily used for in Show less Read more
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