Workhorse Group Stockholders Approve Key Proposals at Annual Meeting

Core Viewpoint - Workhorse Group Inc. has received approval from stockholders for key proposals at its 2024 Annual Meeting, which will support the company's strategic roadmap for commercial vehicles [1][2]. Group 1: Company Overview - Workhorse Group Inc. is focused on developing zero-emission commercial vehicles, including ground and air-based electric vehicles for last-mile delivery [3]. - The company designs and manufactures high-performance, battery-electric trucks and drones, along with cloud-based telematics systems to enhance fleet efficiency [3]. Group 2: Annual Meeting Outcomes - Stockholders re-elected members to the Board of Directors for a term expiring at the 2025 annual meeting [5]. - A reverse stock split of Workhorse's outstanding shares will be considered, with a ratio between 1-for-10 and 1-for-20, to comply with Nasdaq Listing Rules [5]. - Approval was granted for the issuance of shares underlying senior secured convertible notes and warrants to purchase common stock [5].