Workhorse Encourages Stockholders to Vote FOR Long-term Growth and Stockholder Value Creation
10 Agosto 2023 - 9:30AM
Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”),
an American technology company focused on pioneering the transition
to zero emission commercial vehicles, today mailed an infographic
to shareholders that can be found at www.VoteWKHS.com ahead of the
upcoming Special Meeting on August 28, 2023.
The Company issued the following statement:
We are executing a clear strategy to
stabilize, fix and ultimately grow Workhorse, and our earnings
report this week demonstrated the important progress we are
making.
That said, we need to raise
additional financing and to do so, we need our stockholders to vote
FOR the proposal to increase the number of authorized shares of
common stock. Our objective is to issue the shares we need to so we
can fund the Company’s operations; specifically, working capital,
operating expenses, and capital expenditures.
We encourage our stockholders to
follow the recommendations of leading independent proxy advisors
ISS and Glass Lewis, who both recommend that stockholders vote
“FOR” the proposal.
With your vote FOR, we can build a
bridge to long-term growth and stockholder value creation, as we
continue advancing our commercial EV roadmap, growing our Aero
business and investing in our facilities and other initiatives.
VOTE TODAY TO HELP WORKHORSE INVEST AND
EXECUTE ON ITS GROWTH STRATEGIES
The Special Meeting is scheduled to be held on August 28, 2023.
Workhorse stockholders of record at the close of business on July
10, 2023 (the “Record Date”), are entitled to vote at or in advance
of the special meeting.
Holders of a majority of ALL our shares of common stock are
required to vote in favor of this proposal for it to be approved.
Because of this, it is imperative that every stockholder who wants
Workhorse to be able to achieve the goals described above vote
their shares FOR the proposal today.
Please follow the instructions shown on the proxy card or voting
instruction form to vote your shares today. You can vote online or
by phone until 11:59 P.M. ET on August 27, 2023. Or you can sign
and mail in your proxy card.
Stockholders who have questions or need assistance voting your
shares, please contact Morrow Sodali, Workhorse’s proxy
solicitor:
Phone:
800-607-0088wkhs.info@investor.morrowsodali.com
About Workhorse Group Inc.Workhorse is a
technology company focused on providing ground and air-based
electric vehicles to the last-mile delivery sector. As an American
original equipment manufacturer, we design and build high
performance, battery-electric trucks and drones. Workhorse also
develops cloud-based, real-time telematics performance monitoring
systems that are fully integrated with our vehicles and enable
fleet operators to optimize energy and route efficiency. All
Workhorse vehicles are designed to make the movement of people and
goods more efficient and less harmful to the environment. For
additional information visit workhorse.com.
FORWARD LOOKING STATEMENTSThis communication
contains certain forward-looking statements within the meaning of
federal securities laws with respect to Workhorse Group Inc. (the
“Company”), including statements relating to the amendment of our
Articles of Incorporation in Nevada and its potential impact on the
Company’s ability to obtain financing, build its offerings of
commercial electrical vehicles, expand its aerospace business, and
capture additional avenues for growth. Forward-looking statements
are predictions, projections, and other statements about future
events based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: changes in voting and the actual vote counts on the day
of the annual meeting; the availability of and need for capital;
and the factors, risks and uncertainties regarding the Company’s
business described in the “Risk Factors” section of the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2022, filed with the Securities and Exchange Commission (the “SEC”)
on March 1, 2023, and the Company’s Quarterly Report on Form 10-Q
for the fiscal quarter ended March 31, 2023, filed with the SEC on
May 15, 2023. These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and, except as required by law, the
Company assumes no obligation and does not intend to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Investor
Relations949-574-3860WKHS@gateway-grp.com
Workhorse (NASDAQ:WKHS)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Workhorse (NASDAQ:WKHS)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024