Business context and reporting period
Workhorse Group Inc. filed this Form 8-K for an event first reported on January 14, 2026; the report was signed January 21, 2026. It reports a change in independent auditor, not a new period of operating results.
Workhorse completed its merger with privately held Motiv Power Systems on December 15, 2025. The merger is accounted for as a reverse acquisition, making Motiv the accounting acquirer; Motiv’s historical financial statements become Workhorse’s historical consolidated financial statements.
Financial results and material changes
This filing provides no current revenue, profit, cash flow, margin, debt, liquidity, or guidance figures. It does not present a financial comparison with a prior period.
BPB’s audit report on Workhorse’s 2024 financial statements included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern. The filing does not provide an updated assessment of that doubt.
Auditor change, controls, and other disclosures
- On January 21, 2026, the Audit Committee dismissed Berkowitz Pollack Brant Advisors + CPAs, LLP (BPB) and appointed Carr, Riggs & Ingram, L.L.C. (CRI), effective immediately. CRI acquired certain assets related to BPB’s capital markets practice effective January 1, 2026.
- BPB’s 2024 audit opinion was not adverse or disclaimed and was not otherwise qualified or modified, apart from the going-concern explanatory paragraph.
- The company reported no disagreements with BPB on accounting or auditing matters and no reportable events, except for previously disclosed material weaknesses in internal control over financial reporting. Those weaknesses involved review of third-party valuation work for convertible debt and warrant liabilities, and delays in finalizing quarterly reports amid finance-team turnover and challenges addressing technical accounting and disclosure issues.
- The filing says the weaknesses did not cause material misstatements in the company’s condensed interim consolidated financial statements, but remain unremediated. BPB was authorized to respond to inquiries from the successor auditor about them.
- Workhorse says it did not consult CRI on accounting, audit-opinion, or related matters during the periods described in the filing.
Key facts for investors to verify
- Review subsequent filings for progress in remediating the internal-control weaknesses and any updates to the company’s going-concern assessment.
- Confirm how the reverse-acquisition accounting affects reported historical results and the presentation of Motiv’s financial statements.
- Review future audit reports and filings for any findings or disclosures from CRI.
- Note the timing: the filing identifies January 14 as the earliest event date, while the auditor change and signature are dated January 21, 2026.