Workhorse Strengthens Financial Position with Convertible Note Transaction [Yahoo! Finance]
Workhorse Group, Inc. (WKHS)
NASDAQ:AMEX Investor Relations:
workhorse.com/investors
Company Research
Source: Yahoo! Finance
CINCINNATI, March 19, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, today announced it entered into an agreement on March 15, 2024 with an institutional investor (the “Investor”) on the terms of financing transactions that will deliver up to $139 million to Workhorse and support the Company's continued execution of its product roadmap. The financing transactions contemplate the issuance and sale by Workhorse to the Investor of senior secured convertible notes in an aggregate principal amount of up to $139 million and warrants to purchase shares of common stock in multiple tranches over a period beginning on March 15, 2024. In connection with the agreement, the Company completed a registered direct offering pursuant to which it issued and sold to the Investor a $9 million note and related warrants (the “March Securities”). The sale
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WKHS
News
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York PresenceGlobeNewswire
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group [Yahoo! Finance]Yahoo! Finance
- Workhorse Group Expands Dealer Network with Addition of Ziegler Truck GroupGlobeNewswire
- Down -32.9% in 4 Weeks, Here's Why Workhorse (WKHS) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
WKHS
Earnings
- 11/14/23 - Miss
WKHS
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- WKHS's page on the SEC website