Workhorse Group Inc. 8-K

What Happened

• On June 16, 2026 Workhorse Group Inc. entered into an Omnibus Amendment No. 2 with lender Motive GM Holdings II LLC (MGMH) that modifies two December 15, 2025 credit agreements. The amendment increases the Cash Flow Credit Agreement commitment from $20.0 million to $30.0 million, reduces the Customer Order Credit Agreement commitment from $30.0 million to $20.0 million, defers interest on the additional $10.0 million until the first interest payment date after September 30, 2026, and obligates Workhorse to issue warrants as consideration for the amendments.

Key Details

• Effective date of the amendment: June 16, 2026 (8‑K filed June 17, 2026).
• Cash Flow facility commitment increased: $20.0M → $30.0M (additional $10.0M).
• Customer Order facility commitment reduced: $30.0M → $20.0M.
• Interest on the added $10.0M is deferred until the first Interest Payment Date after September 30, 2026.
• Workhorse must issue warrants to purchase equity within 45 days (or later if lender agrees); terms and quantities to be mutually agreed.

Why It Matters

• The change boosts Workhorse’s available cash‑flow financing by $10M, which can help near‑term liquidity and operations.
• The company is required to issue warrants as part of the deal, which could dilute existing shareholders depending on the final terms.
• Deferral of interest on the additional $10M eases near‑term cash interest burden through September 2026.
• Investors should note this is a material amendment to the company’s financing arrangements with MGMH and could affect capital structure and dilution once warrant terms are set.