Workhorse Group Inc. entered into a share purchase agreement with new investor Lincoln Park Capital Fund, LLC, a fund managed by Lincoln Park Capital, LLC for gross proceeds of up to $50,000,000 on December 12, 2023. The company may sell the shares to the purchaser over the 24-month term of the purchase agreement. The company agreed to issue 3,775,105 shares to the purchaser as a fee for its commitment to purchase shares.
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5-day change | 1st Jan Change | ||
0.18 USD | 0.00% | -7.64% | -50.00% |
May. 24 | Transcript : Workhorse Group Inc., Q1 2024 Earnings Call, May 24, 2024 | |
May. 20 | Workhorse Group Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
-50.00% | 67.54M | |
+26.31% | 277B | |
+3.85% | 70.67B | |
-0.49% | 64.87B | |
-10.24% | 62.04B | |
+27.28% | 52.14B | |
+16.51% | 51.35B | |
-0.33% | 48.51B | |
+24.85% | 42.59B | |
+30.22% | 41.68B |
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- Workhorse Group Inc. announced that it expects to receive $50 million in funding from Lincoln Park Capital, LLC