Workhorse raises cash flow credit facility commitment to $30 million in amended MGMH deal

• Workhorse entered Omnibus Amendment No. 2 on June 16, 2026, amending two credit agreements with lender Motive GM Holdings II.
• Cash Flow Credit Agreement commitment increased to $30 million from $20 million.
• Interest on the added $10 million commitment deferred until the first interest payment date after Sept. 30, 2026.
• Customer Order Credit Agreement commitment reduced to $20 million from $30 million.
• Company must issue equity warrants within 45 days, with terms and number to be mutually agreed.

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: 0001628280-26-043868), on June 17, 2026, and is solely responsible for the information contained therein.