Workhorse Strengthens Financial Position with Convertible Note Transaction

March 19, 2024

https://www.globenewswire.com/news-release/2024/03/19/2848623/0/en/Workhorse-Strengthens-Financial-Position-with-Convertible-Note-Transaction.html

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.

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