Workhorse expands Motive GM Holdings cash-flow credit facility to $40 million

Reuters2026/08/12 20:35

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Workhorse entered Amendment No. 3 to its Cash Flow Credit Agreement with Motive GM Holdings II on Aug. 11, 2026.
Commitment increased to $40 million from $30 million.
Interest on the two incremental $10 million loans deferred until the first interest payment date after Jan. 31, 2027.
Company to issue warrants for 1,500,000 shares at a $10 exercise price, exercisable immediately for five years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Workhorse Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-056273), on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Workhorse expands Motive GM Holdings cash-flow credit facility to $40 million

You may also like

Crypto prices