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Workhorse Begins Production of W56 Chassis

Retrieved on:

Thursday, September 7, 2023

EVS, Growth, Foot, W56, Draft horse, Safety, Airline

CINCINNATI, Sept. 07, 2023 (GLOBE NEWSWIRE) -- 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 it has started production of the chassis for its W56 electric vehicle at the Company's Union City, Indiana manufacturing facility.

Key Points:

CINCINNATI, Sept. 07, 2023 (GLOBE NEWSWIRE) -- 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 it has started production of the chassis for its W56 electric vehicle at the Company's Union City, Indiana manufacturing facility.
The W56 is the Company’s first fully-designed, purpose-built Class 5/6 model chassis platform built from the ground up.
“With the first W56 chassis rolling off the line in Union City, we have reached an important milestone along our product roadmap,” said Workhorse CEO Rick Dauch.
Workhorse expects to begin production of full W56 step vans later in September and to have production quality demo units delivered to major fleets early in the fourth quarter.

Mullen Automotive CEO Responds to Fox Business Question

Retrieved on:

Friday, September 1, 2023

BREA, Calif., Sept. 01, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today its response to a question asked during Mullen CEO David Michery’s appearance on Making Money with Charles Payne, which aired on Fox Business at 2:55 p.m. EST on Aug. 31, 2023.

Key Points:

David Michery, CEO and chairman of Mullen Automotive, appeared on ‘Making Money with Charles Payne’ on Fox Business on Thursday, Aug. 31, to discuss lawsuit against large brokerage firms for unlawful trading practices of the Company’s stock and other matters.
BREA, Calif., Sept. 01, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc .
(NASDAQ: MULN ) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today its response to a question asked during Mullen CEO David Michery’s appearance on Making Money with Charles Payne, which aired on Fox Business at 2:55 p.m. EST on Aug. 31, 2023.
As noted above, Mullen used $46.1 million of operating cash flow for the quarter ended June 30, 2023.

Workhorse Group Stockholders Approve Share Authorization Proposal

Retrieved on:

Friday, September 1, 2023

Growth, W56, Aero, Draft horse, Special, Holding company

CINCINNATI, Sept. 01, 2023 (GLOBE NEWSWIRE) -- 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.

Key Points:

CINCINNATI, Sept. 01, 2023 (GLOBE NEWSWIRE) -- 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 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.

Workhorse Group Adjourns Special Meeting of Stockholders

Retrieved on:

Monday, August 28, 2023

Growth, Glass, Shareholder, ALL, Draft horse, ISS, Special, Holding company

The Company issued the following statement:

Key Points:

The Company issued the following statement:
We are adjourning the Special Meeting to give Workhorse stockholders more time to vote on the proposal to increase the number of shares of Workhorse common stock.
We have been extensively engaging with our stockholders over the past few weeks and appreciate the input and support from our stockholders.
Workhorse stockholders of record at the close of business on July 10, 2023 (the “Record Date”), will still be entitled to vote at or in advance of the Special Meeting.
Workhorse stockholders can visit www.VoteWKHS.com for additional information on the upcoming Special Meeting and proposal.

Workhorse Hosts Webcast to Answer Stockholder Questions

Retrieved on:

Friday, August 25, 2023

HVIP, EV, ALL, Class, CARB, Draft horse, Special, CCS, Webcast, Growth, Risk management, Security (finance), Holding company, Aero

CINCINNATI, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, yesterday, held a webcast to answer stockholder questions in advance of the Company’s upcoming Special Meeting scheduled for August 28, 2023. A replay of the webcast will be available on www.VoteWKHS.com.

Key Points:

CINCINNATI, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero emission commercial vehicles, yesterday, held a webcast to answer stockholder questions in advance of the Company’s upcoming Special Meeting scheduled for August 28, 2023.
Highlights from the webcast include the following commentary from management:
“We need additional capital to fund our next phase of execution.
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.
Stockholders who have questions or need assistance voting your shares, please contact Morrow Sodali, Workhorse’s proxy solicitor:

Workhorse Group Reminds Stockholders to Vote “FOR” the Proposal to Increase the Number of Authorized Shares

Retrieved on:

Tuesday, August 22, 2023

EV, ALL, Glass Lewis, Draft horse, Special, CFO, Webcast, Growth, ISS, Automotive industry, Holding company

We need support from our stockholders so we can obtain the financing we need to continue executing on our clear path forward.

Key Points:

We need support from our stockholders so we can obtain the financing we need to continue executing on our clear path forward.
A vote FOR the proposal to increase the number of our authorized shares is a vote for Workhorse to continue:
advancing its commercial EV product roadmap;
investing in its facilities and other operational initiatives.
Workhorse stockholders can visit www.VoteWKHS.com for additional information on the upcoming Special Meeting and proposal.
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.

Workhorse Files Prospectus Supplement in Connection with Special Meeting

Retrieved on:

Monday, August 21, 2023

Communication, EV, Aero, ALL, Draft horse, Special, Form, CFO, Webcast, Growth, Security (finance), Holding company

The Prospectus Supplement updates our S-3 to reflect stockholder input and to make even clearer that we are committed to creating stockholder value when we use it.

Key Points:

The Prospectus Supplement updates our S-3 to reflect stockholder input and to make even clearer that we are committed to creating stockholder value when we use it.
We are asking our stockholders to help us build a bridge to long-term growth and stockholder value creation.
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.

Workhorse Highlights Why Stockholders Should Vote FOR Proposal to Increase Workhorse’s Authorized Shares

Retrieved on:

Thursday, August 17, 2023

Communication, EV, Aero, ALL, Public expenditure, Draft horse, Special, CFO, Webcast, Growth, Security (finance), Holding company

The infographic highlights a few key questions the Company has received regarding the proposal to increase the Workhorse’s authorized shares of common stock, including:

Key Points:

The infographic highlights a few key questions the Company has received regarding the proposal to increase the Workhorse’s authorized shares of common stock, including:
Why are you seeking to increase the authorized shares of Workhorse common stock?
This event is an opportunity for stockholders, both large and small, to ask questions regarding the Company’s long-term strategy, product roadmap, financial position and the proposal to increase the number of authorized shares of Workhorse common stock.
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.

Workhorse to Host Stockholder Q&A Webcast with Management Team

Retrieved on:

Wednesday, August 16, 2023

Webcast, ALL, Draft horse, Special, Holding company

CINCINNATI, Aug. 16, 2023 (GLOBE NEWSWIRE) -- 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 members of its management team will host a live webcast to answer stockholder questions on August 24, 2023 at 10:00 AM ET.

Key Points:

CINCINNATI, Aug. 16, 2023 (GLOBE NEWSWIRE) -- 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 members of its management team will host a live webcast to answer stockholder questions on August 24, 2023 at 10:00 AM ET.
Workhorse stockholders can submit questions to [email protected] by 5:00 PM ET on August 23, 2023.
Workhorse stockholders can visit www.VoteWKHS.com for additional information on the upcoming Special Meeting and proposal.
The Workhorse Board of Directors strongly urges stockholders to vote the proposal to increase the number of authorized shares of Workhorse common stock.

GreenPower Announces Record Deliveries and Record Revenue of $17.6 million for First Quarter Fiscal 2024

Retrieved on:

Monday, August 14, 2023

Generated record revenues of $17,581,008 in the first quarter, an increase of $13,729,903 over the revenue of $3,851,105 in the first quarter of the previous fiscal year.

Key Points:

Generated record revenues of $17,581,008 in the first quarter, an increase of $13,729,903 over the revenue of $3,851,105 in the first quarter of the previous fiscal year.
Gross profit was $2,790,776 in the first quarter compared to $1,051,004 in the first quarter of the previous fiscal year.
Inventory was $34.4 million at the end of the quarter, a reduction of $7.2 million from the beginning of the quarter.
Deferred revenue increased to $11.4 million at the end of the current quarter including the current portion of $10 million.