{"id":832970,"date":"2025-04-02T08:56:52","date_gmt":"2025-04-02T12:56:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-group-regains-compliance-with-nasdaqs-continued-listing-requirements\/"},"modified":"2025-04-02T08:56:52","modified_gmt":"2025-04-02T12:56:52","slug":"workhorse-group-regains-compliance-with-nasdaqs-continued-listing-requirements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/workhorse-group-regains-compliance-with-nasdaqs-continued-listing-requirements\/","title":{"rendered":"Workhorse Group Regains Compliance with Nasdaq\u2019s Continued Listing Requirements"},"content":{"rendered":"
\n

CINCINNATI, April 02, 2025 (GLOBE NEWSWIRE) — Workhorse Group Inc.<\/strong><\/a> (Nasdaq: <\/strong>WKHS<\/strong><\/a>) (\u201cWorkhorse\u201d or \u201cthe Company\u201d), <\/strong>an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the receipt of a formal notification from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2).<\/p>\n

As previously disclosed, the Company received notice from Nasdaq on October 2, 2024 indicating that the closing bid price for Workhorse\u2019s common stock had fallen below the minimum bid price for continued listing for 30 consecutive trading days and was no longer in compliance with the minimum bid requirement. To regain compliance, the Company was required to have a minimum closing bid price of at least $1.00 per share for ten consecutive trading days; Nasdaq confirmed yesterday that the Company is now in compliance with Listing Rule 5550(a)(2).<\/p>\n

As previously announced, the Company effected a 1-for-12.5 reverse stock split of its common stock on March 17, 2025, intended to increase the market price of Workhorse\u2019s common stock, after which the common stock began trading on a split-adjusted basis.<\/p>\n

\n About Workhorse Group Inc.<\/strong>
\n
Workhorse Group Inc. (Nasdaq: WKHS) is a technology company focused on pioneering the transition to zero-emission commercial vehicles. Workhorse designs and builds its vehicles in the United States at the Workhorse Ranch in Union City, Indiana. The company\u2019s best-in-class vehicles are designed for last-mile delivery, medium-duty operations, and a growing range of specialized applications. For more information, visit\u00a0www.workhorse.com<\/a>.<\/p>\n

\n
\n Forward-Looking Statements<\/em>
\n <\/strong>
\n
\n The discussions in this press release contain forward-looking statements reflecting the Company\u2019s current expectations that involve risks and uncertainties. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words \u201canticipate,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201cestimate\u201d and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements about the features, benefits and performance of the Company\u2019s products, the Company\u2019s ability to introduce new product offerings and increase revenue from existing products, expected expenses including those related to selling and marketing, product development and general and administrative, the Company\u2019s beliefs regarding the health and growth of the market for the Company\u2019s products, anticipated increase in the Company\u2019s customer base, expansion of the Company\u2019s products functionalities, expected revenue levels and sources of revenue, expected impact, if any, of legal proceedings, the adequacy of the Company\u2019s liquidity and capital resources, including the Company\u2019s ability to receive sufficient funding from the Company\u2019s existing financing arrangements or from future financings and the expected terms of such financing, and expected growth in business. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained in this press release. Factors that could cause actual results to differ materially include, but are not limited to: the Company\u2019s ability to develop and manufacture the Company\u2019s product portfolio, including the W4 CC, W750, and W56 and other programs; the Company\u2019s ability to attract and retain customers for the Company\u2019s existing and new products; ongoing and anticipated changes in the U.S. political environment, including those resulting from the new Presidential Administration, control of Congress, and changes to regulatory agencies; the implementation of changes to the existing tariff regime by the new Presidential Administration and measures taken in response to such tariffs by foreign governments; risks associated with obtaining orders and executing upon such orders; the unavailability, reduction, elimination or adverse application of government subsidies and incentives or any challenge to or failure by the federal government, states or other governmental entities to adopt or enforce regulations such as the California Air Resource Board\u2019s Advanced Clean Fleet regulation; changes in attitude toward environmental, social, and governance matters among regulators, investors, and parties with which the Company does business; supply chain disruptions, including constraints on steel, semiconductors and other material inputs and resulting cost increases impacting the Company\u2019s Company, the Company\u2019s customers, the Company\u2019s suppliers or the industry; the Company\u2019s ability to capitalize on opportunities to deliver products to meet customer requirements; the Company\u2019s limited operations and need to expand and enhance elements of the Company\u2019s production process to fulfill product orders; the Company\u2019s general inability to raise additional capital to fund the Company\u2019s operations and business plan; the Company\u2019s ability to receive sufficient proceeds from the Company\u2019s current and any future financing arrangements to meet the Company\u2019s immediate liquidity needs and the potential costs, dilution and restrictions resulting from any such financing; the Company\u2019s ability to maintain compliance with the listing requirements of the Nasdaq Capital Market and the impact of any steps the Company has taken, including reverse splits of the Company\u2019s common stock, or any future steps the Company may take to maintain such compliance, on the Company\u2019s operations, stock price and future access to liquidity; the Company\u2019s ability to protect the Company\u2019s intellectual property; market acceptance of the Company\u2019s products; the Company\u2019s ability to obtain sufficient liquidity from operations and financing activities to continue as a going concern and, the Company\u2019s ability to control the Company\u2019s expenses; the effectiveness of the Company\u2019s cost control measures and impact such measures could have on the Company\u2019s operations, including the effects of furloughing employees; potential competition, including without limitation shifts in technology; volatility in and deterioration of national and international capital markets and economic conditions; global and local business conditions; acts of war (including without limitation the conflicts in Ukraine and the Middle East) and\/or terrorism; the prices being charged by the Company\u2019s competitors; the Company\u2019s inability to retain key members of the Company\u2019s management team; the Company\u2019s inability to satisfy the Company\u2019s customer warranty claims; the outcome of any regulatory or legal proceedings, including with Coulomb Solutions Inc.; the Company\u2019s ability to consummate and realize the benefits of a potential sale and leaseback transaction of the Company\u2019s Union City Facility; and other risks and uncertainties and other factors discussed from time to time in the Company\u2019s filings with the Securities and Exchange Commission (\u201cSEC\u201d), including under the \u201cRisk Factors\u201d sections of the Company\u2019s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Forward-looking statements speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company\u2019s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by law.<\/em>\n <\/p>\n

\n Media Contact:<\/strong>
\n
Aaron Palash \/ Greg Klassen
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449<\/p>\n

\n Investor Relations Contact:<\/strong>
\n
Tom Colton and Greg Bradbury
Gateway Group
949-574-3860
WKHS@gateway-grp.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CINCINNATI, April 02, 2025 (GLOBE NEWSWIRE) — 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, today announced the receipt of a formal notification from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2). As previously disclosed, the Company received notice from Nasdaq on October 2, 2024 indicating that the closing bid price for Workhorse\u2019s common stock had fallen below the minimum bid price for continued listing for 30 consecutive trading days and was no longer in compliance with the minimum bid requirement. To regain compliance, the Company was … <\/p>\n

Continue reading “Workhorse Group Regains Compliance with Nasdaq\u2019s Continued Listing Requirements”<\/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-832970","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWorkhorse Group Regains Compliance with Nasdaq\u2019s Continued Listing Requirements - 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-group-regains-compliance-with-nasdaqs-continued-listing-requirements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workhorse Group Regains Compliance with Nasdaq\u2019s Continued Listing Requirements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CINCINNATI, April 02, 2025 (GLOBE NEWSWIRE) — 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, today announced the receipt of a formal notification from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) that the Company has regained compliance with the minimum bid price of $1.00 per share, as required by Listing Rule 5550(a)(2). As previously disclosed, the Company received notice from Nasdaq on October 2, 2024 indicating that the closing bid price for Workhorse\u2019s common stock had fallen below the minimum bid price for continued listing for 30 consecutive trading days and was no longer in compliance with the minimum bid requirement. 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