Core Points - Workhorse Group Inc. will implement a 1-for-20 reverse stock split of its common stock effective June 17, 2024, to comply with Nasdaq's minimum bid price requirement [5][6]. - The reverse stock split aims to increase the market price of Workhorse's common stock to at least $1.00 per share for a minimum of ten consecutive trading days by September 16, 2024 [6]. - The reverse stock split will automatically combine every 20 shares into one share, affecting all stockholders uniformly without altering their percentage ownership interest [7]. Company Overview - Workhorse is a technology company focused on electric vehicles for the last-mile delivery sector, designing and building high-performance, battery-electric trucks [3]. - The company also develops cloud-based telematics performance monitoring systems integrated with its vehicles to optimize energy and route efficiency [3]. - Workhorse aims to enhance the efficiency of moving people and goods while minimizing environmental impact [3].

An integral part of the collaboration is Kingsburg's commitment to purchase 141 units of the Workhorse W4 CC Class 4 battery-electric cab chassis trucks which are expected to be delivered in 2024. This order, which is subject to significant terms and conditions, including the receipt of California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) vouchers, demonstrates Kingsburg's confidence that Advanced Clean Fleet (ACF) regulations are changing the market for work trucks in Califo ...

Workhorse Group Inc. (NASDAQ:WKHS) Q1 2024 Results Conference Call May 24, 2024 10:00 AM ET Company Participants Stan March - VP, Corporate Development and Communications Rick Dauch - Chief Execuitve Officer Bob Ginnan - Chief Financial Officer Conference Call Participants Mike Shlisky - D.A. Davidson Jeff Osborne - TD Cowen Craig Irwin - ROTH Capital Partners Operator Hello, and welcome to the Workhorse Group Q1 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being ...

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like t ...

CINCINNATI, May 20, 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 reported financial results for the first quarter ended March 31, 2024. Management Commentary "During the first quarter, we took important strategic and financial actions to better position Workhorse for the future while continuing to hit major milestones," said Workhorse CEO Rick Dauch. ...

CINCINNATI, May 20, 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 reported financial results for the first quarter ended March 31, 2024. Management Commentary "During the first quarter, we took important strategic and financial actions to better position Workhorse for the future while continuing to hit major milestones," said Workhorse CEO Rick Dauch. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 20, 2024 WORKHORSE GROUP INC. 1 (888) 646-5205 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 001-37673 WORKHORSE GROUP INC. (Exact name of registrant as specified in its charter) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Nevada 26-1394771 (State or other ...

CINCINNATI, May 16, 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 its upcoming participation as an exhibitor at the Advanced Clean Transportation Expo 2024 ("ACT Expo"). The annual event will be held this year from May 20-23 at the Las Vegas Convention Center in Las Vegas, Nevada. Workhorse will be located at Booth 3933, showcasing advanced ...

CINCINNATI, May 16, 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 its upcoming participation as an exhibitor at the Advanced Clean Transportation Expo 2024 ("ACT Expo"). The annual event will be held this year from May 20-23 at the Las Vegas Convention Center in Las Vegas, Nevada. Workhorse will be located at Booth 3933, showcasing advanced ...