Workhorse Group Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Workhorse Group Inc. on June 29, 2018. The report discloses a material definitive agreement entered into on June 28, 2018, regarding the company's Senior Secured Notes.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, or liquidity metrics. The only financial figure disclosed relates to the principal amount of Senior Secured Notes, which is $5,750,000.
Material Changes
On June 28, 2018, the Company amended the terms of its Senior Secured Notes (originally dated December 27, 2017). The amendment established a new maturity date of July 6, 2018.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the disclosure of the debt amendment. The text notes that the description of the amendment terms is qualified by the full text of the agreement filed as an exhibit.
Investor Verification Checklist
- Verify the full terms of the Amendment Agreement filed as Exhibit 10.1.
- Confirm the repayment status of the $5,750,000 Senior Secured Notes following the July 6, 2018 maturity date.
- Review the original December 27, 2017 Form 8-K for the initial terms of the Notes.