Workhorse Group Inc. 8-K/A

What Happened
Workhorse Group Inc. (WKHS) filed an amendment (8-K) on Feb 26, 2026 to include restated financial statements for Motiv following discovery of an error in Motiv’s calculation of weighted average shares outstanding as of December 31, 2024. The restated records cover Motiv’s audited consolidated financial statements for the years ended December 31, 2024 and 2023 and the unaudited condensed consolidated financial statements for the six months ended June 30, 2025. The error caused an overstatement of Motiv’s net loss per share attributable to common stockholders for December 31, 2024 and subsequent periods; the amendment provides corrected statements to reflect the fix. These financials were originally included in Workhorse’s Definitive Proxy Statement (Schedule 14A) filed October 8, 2025.

Key Details

• The amendment restates Motiv’s financial statements for: years ended Dec 31, 2024 and 2023 (audited) and six months ended Jun 30, 2025 (unaudited).
• Error: miscalculation of weighted average shares outstanding as of Dec 31, 2024, which resulted in an overstated net loss per share for 2024 and later periods.
• The restated financial statements are included in this Amendment; other disclosures in the Original Report remain unchanged.
• Original proxy filing that included the initial Motiv financials was filed Oct 8, 2025.

Why It Matters
Earnings-per-share (EPS) metrics are important to investors because they affect per‑share performance comparisons and valuation. The correction changes Motiv’s reported net loss per share (it had been overstated), so investors should review the restated financials and notes to understand the size and impact of the adjustment. This filing is an accounting restatement (Item 9.01: financial statements and exhibits) and does not report changes to management or operations. Review the amended statements in the 8-K for details before drawing conclusions about past EPS performance.