Workhorse expands Motive GM Holdings cash-flow credit facility to $40 million
WKHS•Credit facility increased and warrants issued
- 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 is deferred until the first interest payment date after Jan. 31, 2027.
- The company will issue warrants for 1,500,000 shares at a $10 exercise price, exercisable immediately for five years.
