Workhorse Group Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders’ Equity F-
Consolidated Statements of Stockholders’ Equity
| Common Stock · AdditionalPaid-inCapital* · AccumulatedDeficit · TotalStockholders’Equity | ||||||
|---|---|---|---|---|---|---|
| Numberof Shares* · Amount | ||||||
| Balance as of December 31, 2022 | 662,422 | $662 | $736,235,331 | $(627,649,062) | $108,586,931 | |
| Common stock issued under ATM | 357,025 | 357 | 63,642,762 | — | $63,643,119 | |
| Settlement of securities litigation | 101,523 | 102 | 19,999,898 | — | $20,000,000 | |
| Issuance of common stock under ELOCPurchase Agreement | 15,101 | 15 | 1,474,541 | — | $1,474,556 | |
| Issuance of common stock for services provider | 1,380 | 1 | 399,999 | — | $400,000 | |
| Issuance of common stock equity incentive awards** | 6,475 | 6 | (495,387) | — | $(495,381) | |
| Stock-based compensation** | — | — | 13,422,135 | — | $13,422,135 | |
| Net loss for the year ended December 31, 2023 | — | — | — | (123,919,189) | $(123,919,189) | |
| Balance as of December 31, 2023 | 1,143,926 | 1,143 | 834,679,279 | (751,568,251) | 83,112,171 | |
| Common stock issued under ATM | 188,351 | 188 | 3,136,510 | — | 3,136,698 | |
| Common stock issued under 2023 Warrants | 34,000 | 34 | 2,847,466 | — | 2,847,500 | |
| Issuance of common stock under ELOCPurchase Agreement | 48,000 | 48 | 3,123,952 | — | 3,124,000 | |
| Common stock issued under Convertible Note | 2,412,228 | 2,412 | 44,795,631 | — | 44,798,043 | |
| Stock options and vesting of restricted shares** | 16,836 | 17 | (178,604) | (178,587) | ||
| Stock-based compensation** | — | — | 9,238,392 | — | 9,238,392 | |
| Net loss for the year ended December 31, 2024 | — | — | — | (101,790,293) | (101,790,293) | |
| Balance as of December 31, 2024 | 3,843,341 | $3,843 | $897,642,626 | $(853,358,544) | $44,287,925 | |
*Periods presented have been adjusted to reflect the 2024 Reverse stock split (1-for-20) which was effective June 17, 2024 and the 2025 Reverse stock split (1-for-12.5) which was effective March 17, 2025. Additional information regarding the reverse stock split may be found in Note 1 – Summary of Business and Significant Accounting Principles.
** Net of tax payments related to shares withheld for option exercises and vested stock.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.