{"id":780129,"date":"2023-08-25T08:33:06","date_gmt":"2023-08-25T12:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/"},"modified":"2023-08-25T08:33:06","modified_gmt":"2023-08-25T12:33:06","slug":"workhorse-hosts-webcast-to-answer-stockholder-questions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/","title":{"rendered":"Workhorse Hosts Webcast to Answer Stockholder Questions"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <em>Reiterates Confidence in Path Forward and Commitment to Stockholder Value Creation<\/em><br \/>\n        \n      <\/p>\n<p align=\"center\">\n        <em>Strongly Urges Stockholders to Vote FOR Proposal to Increase Number of Authorized Shares TODAY<\/em>\n      <\/p>\n<p>CINCINNATI, Aug.  25, 2023  (GLOBE NEWSWIRE) &#8212; Workhorse Group Inc. (Nasdaq: WKHS) (\u201cWorkhorse\u201d or \u201cthe Company\u201d), 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\u2019s upcoming Special Meeting scheduled for August 28, 2023. A replay of the webcast will be available on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xRNgp7l1T0e2PYRC64P_fZmRu7KxJ_9h5P6yuYhhdb79m0Qm-x64uSTlvZZ5acNguHlQSVCuw-jDLtw1nt-4oQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.VoteWKHS.com<\/a>.<\/p>\n<p>The webcast included a question-and-answer session during which Workhorse Chief Executive Officer, Rick Dauch, and Workhorse Chief Financial Officer, Bob Ginnan, answered questions covering topics including rationale for the share authorization proposal, intended use for these funds, confidence in the Company\u2019s financial targets, EV and Aero production and development plans and corporate governance.<\/p>\n<p>Highlights from the webcast include the following commentary from management:<\/p>\n<p>\n        <strong>Workhorse\u2019s intended use for the proceeds raised from the share issuance\u2026<\/strong>\n      <\/p>\n<p>\n        <em>\u201cWe need additional capital to fund our next phase of execution. From a position of strength, we\u2019re exploring several financing options. Those options will only be available to us if shareholders vote FOR the proposal. Primarily, we will use the proceeds to expand and advance our product roadmaps, continue to support our Aero business as it goes into production and continue to invest in supplier tooling and assembly equipment as we move into production of the W56.\u201d &#8211; Rick Dauch<\/em>\n      <\/p>\n<p>\n        <strong>The plan for value creation\u2026<\/strong>\n      <\/p>\n<p>\n        <em>\u201cSimply put, we need our stockholders to help us build a bridge to long-term growth and stockholder value. We need to be able to issue shares to get financing so we can fund our execution and our growth plans. We\u2019re confident the important work underway and the progress we are making across our EV portfolio will deliver value to shareholders over the long-term.\u201d \u2013 Bob Ginnan<\/em>\n      <\/p>\n<p>\n        <strong>Workhorse\u2019s plans to achieve 2023 revenue guidance\u2026<\/strong>\n      <\/p>\n<p>\n        <em>\u201cWe have three clear, actionable priorities for the remainder of the year. Secure the HVIP voucher process in California &#8211; that is a critical enabler for us; sell the W4 CCs &#8211; based on input from dealer meetings we\u2019ve had the last few weeks, we think we can do so; and ramp up W750 production.\u201d \u2013 Rick Dauch<\/em>\n      <\/p>\n<p>\n        <strong>The Company\u2019s belief in selling every truck it makes\u2026<\/strong>\n      <\/p>\n<p>\n        <em>\u201cI believe that [we can sell every truck we make]. I say that not based on my opinion or dream, but based on the feedback we\u2019re getting from our dealers.\u201d \u2013 Rick Dauch<\/em>\n      <\/p>\n<p>\n        <strong>Why stockholders should vote FOR the proposal\u2026<\/strong>\n      <\/p>\n<p>\n        <em>\u201cWe\u2019re on the precipice of success here at Workhorse. The market shift to EV is coming. It is coming slower that we thought or than anybody forecasted, and we need your help to extend our runway to get there. If you look at the CARB rules and the clean fleet rules specifically, by 2030 50% of all the Class 4-6 step van vehicles will be EV. We are positioning ourselves to ride that wave.\u201d \u2013 Rick Dauch<\/em>\n      <\/p>\n<p align=\"center\">\n        <strong>THE TIME IS NOW &#8211; VOTE TODAY TO SUPPORT WORKHORSE\u2019S PLANS FOR GROWTH AND VALUE CREATION<\/strong>\n      <\/p>\n<p>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 \u201cRecord Date\u201d), are entitled to vote at or in advance of the special meeting. Workhorse stockholders can visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xRNgp7l1T0e2PYRC64P_fUUue2gMA5K84lnJSiag2tpHcn-JhB90zYVC3ITg8cO0zk7x20eAiQhfAP2ByxICwQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.VoteWKHS.com<\/a> for additional information on the upcoming Special Meeting and proposal.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Stockholders who have questions or need assistance voting your shares, please contact Morrow Sodali, Workhorse\u2019s proxy solicitor:<\/p>\n<p align=\"center\">Phone: 800-607-0088<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iNhFBEQM6WbZD_Un8WQhfxiZbeBtGh2fXwv-U3ATOcBj40GjpHFsf3MmdVzbwu0aqu_3JcQQPqAxJRTfxzofsuQUAKTwm0GJn8H1QamTrYUfYQ4RFiK-DTG4T_v6yaKgIpjqbY1J1gbHpuMct1J5Dw==\" rel=\"nofollow noopener\" target=\"_blank\"><u>wkhs.info@investor.morrowsodali.com<\/u><\/a><\/p>\n<p>\n        <strong>About Workhorse Group Inc.<\/strong><br \/>\n        <br \/>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.<\/p>\n<p>\n        <strong>FORWARD LOOKING STATEMENTS<\/strong><br \/>\n        <br \/>This communication contains certain forward-looking statements within the meaning of federal securities laws with respect to Workhorse Group Inc. (the \u201cCompany\u201d), including statements relating to the amendment of our Articles of Incorporation in Nevada and its potential impact on the Company\u2019s 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\u2019s business described in the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on March 1, 2023, and the Company\u2019s 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.<\/p>\n<p>\n        <strong>Media Contact:<\/strong><br \/>\n        <br \/>Aaron Palash \/ Greg Klassen<br \/>Joele Frank, Wilkinson Brimmer Katcher<br \/>212-355-4449<\/p>\n<p>\n        <strong>Investor Relations Contact:<\/strong><br \/>\n        <br \/>Matt Glover and Tom Colton<br \/>Gateway Investor Relations<br \/>949-574-3860<br \/>WKHS@gateway-grp.com<\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkwMDc4NSM1NzcyODU2IzIwMjg4MjM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTFmNzExZmItZTljZC00MzUwLThiNDctODcyOTgyY2UwZmVkLTEwNDAzOTQ=\/tiny\/Workhorse-Group-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reiterates Confidence in Path Forward and Commitment to Stockholder Value Creation Strongly Urges Stockholders to Vote FOR Proposal to Increase Number of Authorized Shares TODAY CINCINNATI, Aug. 25, 2023 (GLOBE NEWSWIRE) &#8212; Workhorse Group Inc. (Nasdaq: WKHS) (\u201cWorkhorse\u201d or \u201cthe Company\u201d), 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\u2019s upcoming Special Meeting scheduled for August 28, 2023. A replay of the webcast will be available on www.VoteWKHS.com. The webcast included a question-and-answer session during which Workhorse Chief Executive Officer, Rick Dauch, and Workhorse Chief Financial Officer, Bob Ginnan, answered questions covering topics including rationale for the share authorization proposal, intended use &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Workhorse Hosts Webcast to Answer Stockholder Questions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-780129","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Workhorse Hosts Webcast to Answer Stockholder Questions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workhorse Hosts Webcast to Answer Stockholder Questions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Reiterates Confidence in Path Forward and Commitment to Stockholder Value Creation Strongly Urges Stockholders to Vote FOR Proposal to Increase Number of Authorized Shares TODAY CINCINNATI, Aug. 25, 2023 (GLOBE NEWSWIRE) &#8212; Workhorse Group Inc. (Nasdaq: WKHS) (\u201cWorkhorse\u201d or \u201cthe Company\u201d), 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\u2019s upcoming Special Meeting scheduled for August 28, 2023. A replay of the webcast will be available on www.VoteWKHS.com. The webcast included a question-and-answer session during which Workhorse Chief Executive Officer, Rick Dauch, and Workhorse Chief Financial Officer, Bob Ginnan, answered questions covering topics including rationale for the share authorization proposal, intended use &hellip; Continue reading &quot;Workhorse Hosts Webcast to Answer Stockholder Questions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-25T12:33:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkwMDc4NSM1NzcyODU2IzIwMjg4MjM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Workhorse Hosts Webcast to Answer Stockholder Questions\",\"datePublished\":\"2023-08-25T12:33:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/\"},\"wordCount\":1102,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODkwMDc4NSM1NzcyODU2IzIwMjg4MjM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/workhorse-hosts-webcast-to-answer-stockholder-questions\\\/\",\"name\":\"Workhorse Hosts Webcast to Answer Stockholder Questions - 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(Nasdaq: WKHS) (\u201cWorkhorse\u201d or \u201cthe Company\u201d), 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\u2019s upcoming Special Meeting scheduled for August 28, 2023. A replay of the webcast will be available on www.VoteWKHS.com. The webcast included a question-and-answer session during which Workhorse Chief Executive Officer, Rick Dauch, and Workhorse Chief Financial Officer, Bob Ginnan, answered questions covering topics including rationale for the share authorization proposal, intended use &hellip; Continue reading \"Workhorse Hosts Webcast to Answer Stockholder Questions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/","og_site_name":"Market Newsdesk","article_published_time":"2023-08-25T12:33:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkwMDc4NSM1NzcyODU2IzIwMjg4MjM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Workhorse Hosts Webcast to Answer Stockholder Questions","datePublished":"2023-08-25T12:33:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/"},"wordCount":1102,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkwMDc4NSM1NzcyODU2IzIwMjg4MjM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-hosts-webcast-to-answer-stockholder-questions\/","name":"Workhorse Hosts Webcast to Answer Stockholder Questions - 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