Workhorse Group Stockholders Approve Share Authorization Proposal
01 Setembro 2023 - 9:22AM
Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”),
an American technology company focused on pioneering the transition
to zero emission commercial vehicles, today announced that its
stockholders voted to approve the proposal to increase the number
of shares of Workhorse common stock at its Special Meeting of
Stockholders.
“We appreciate the support of our stockholders, which will
enable us to fund Workhorse’s next phase of execution and growth,
as we build a bridge to long-term value creation,” said Workhorse
CEO Rick Dauch. “We are confident in our focused execution and path
forward. We can now move forward with our near- and long-term
plans, including advancing product roadmaps, supporting our Aero
business and investing in supplier tooling and assembly equipment
for our W56 production. We look forward to continuing to engage
with our stockholders as we grow our business and create value for
our customers and stockholders.”
At the Special Meeting, more than a majority of the outstanding
common shares voted in favor of the share authorization proposal.
Workhorse will file the final vote results, as certified by the
independent Inspector of Election, on a Form 8-K with the U.S.
Securities and Exchange Commission.
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 STATEMENTS This 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 special 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
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