Welcome to our dedicated page for Workhorse Group news (Ticker: WKHS), a resource for investors and traders seeking the latest updates and insights on Workhorse Group stock.
Workhorse Group, Inc. reports developments tied to its role as a North American OEM and provider of all-electric trucks, step vans, shuttles and buses for commercial fleets. Recurring updates cover purchase orders for W56 step vans, fleet deployments, dealer relationships, customer-support programs that span vehicles and charging infrastructure, and post-sale service through dealer and factory-certified support networks.
The company also issues earnings and business-outlook announcements, operating updates and capital-structure or governance news. Its disclosures commonly reference commercial fleet customers, the Union City, Indiana manufacturing facility, the completed Motiv merger and the market for medium-duty electric delivery vehicles.
Workhorse Group Inc. (Nasdaq: WKHS) announced a financing agreement for a $70 million Senior Secured Convertible Note with an institutional investor. The funds will support operating working capital and corporate purposes. The Note will rank equally with a previous note issued in December 2019 and is convertible into common stock at $19.00 per share. It matures on July 1, 2023, with a 4.5% annualized coupon. The financing is expected to enhance financial flexibility and support the company's production objectives for 2021.