Workhorse Group Reminds Stockholders to Vote “FOR” the Proposal to Increase the Number of Authorized Shares
22 Agosto 2023 - 7:30AM
Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or “the Company”),
an American technology company focused on pioneering the transition
to zero emission commercial vehicles, today reminded stockholders
to vote
“FOR” the proposal to increase the number
of shares of Workhorse common stock at the upcoming Special Meeting
scheduled for August 28, 2023.
The Company issued the following statement:
We have made significant, tangible progress on our strategic
plans to deliver value to stockholders and customers. 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;
- growing the Aero business; and
- investing in its facilities and other operational
initiatives.
We encourage stockholders to follow the recommendations of
leading independent proxy advisors ISS and Glass Lewis and help us
build a financial bridge to continued growth and long-term
stockholder value by voting “FOR” the proposal
today.
YOUR VOTE IS IMPORTANT - VOTE
TODAY!
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 stockholders can visit
www.VoteWKHS.com for additional information on the upcoming Special
Meeting and proposal.
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.
Please follow the instructions shown on the proxy card or voting
instruction form to vote your shares today. You can vote online or
by phone until 11:59 P.M. ET on August 27, 2023. Or you can sign
and mail in your proxy card.
Stockholders who have questions or need assistance voting your
shares, please contact Morrow Sodali, Workhorse’s proxy
solicitor:
Phone:
800-607-0088wkhs.info@investor.morrowsodali.com
Answering Stockholder Questions
Workhorse is holding a webcast to discuss the Special Meeting
and answer stockholder questions on August 24, 2023 at 10:00 AM ET,
with Workhorse CEO, Rick Dauch, and CFO, Bob Ginnan. Workhorse
stockholders can submit questions to vote@workhorse.com by 5:00 PM
ET on August 23, 2023. To access the webcast, go to
www.VoteWKHS.com. A replay will be available for two weeks after
the completion of the webcast.
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 STATEMENTSThis 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 annual 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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