# Workhorse Group Inc. (WKHS) — capital_raise [announced]
Source: SEC API (secapi.ai) · situation sit_44852aed41a4b19cf145 · retrieved 2026-08-16T20:25:45.601Z

## Overview
Workhorse Group Inc. manufactures electric vehicles and related components for commercial delivery and logistics applications.

Workhorse Group Inc. entered into Amendment No. 3 to its Cash Flow Credit Agreement with Motive GM Holdings II LLC on August 11, 2026, increasing the credit facility commitment from $30,000,000 to $40,000,000. The amendment defers interest payments on the additional $10,000,000 loan made under Amendment No. 2 and the additional $10,000,000 loan made under Amendment No. 3 until the first Interest Payment Date occurring after January 31, 2027. As consideration, Workhorse agreed to issue warrants to purchase an aggregate of 1,500,000 shares of Common Stock at an exercise price of $10.00 per share (750,000 shares in connection with Amendment No. 2 and 750,000 shares in connection with Amendment No. 3), exercisable immediately for five years following Nasdaq notification compliance.

## Terms
- Counterparty: Motive GM Holdings II LLC · Deal value: $40.0M · Consideration: mixed · Price/share: $10

## Key dates
- Announced 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001628280-26-056273): 8-K - Workhorse Group Inc. — *Workhorse Group Inc. manufactures electric vehicles and related components for commercial delivery and logistics applications.* Workhorse Group Inc. entered into Amendment No. 3 to its Cash Flow Credit Agreement with Motive GM Holdings II LLC on August 11, 2026, increasing the credit facility commitment from $30,000,000 to $40,000,000. The amendment defers interest payments on the additional $10,000,000 loan made under Amendment No. 2 and the additional $10,000,000 loan made under Amendment No. 3 until the first Interest Payment Date occurring after January 31, 2027. As consideration, Workhorse agreed to issue warrants to purchase an aggregate of 1,500,000 shares of Common Stock at an exercise price of $10.00 per share (750,000 shares in connection with Amendment No. 2 and 750,000 shares in connection with Amendment No. 3), exercisable immediately for five years following Nasdaq notification compliance.
  https://www.sec.gov/Archives/edgar/data/1425287/0001628280-26-056273.txt

## Citations
- 0001628280-26-056273 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026056273