Workhorse amends filing after Motiv restates 2024 loss per share calculation

Reuters03-25

Workhorse amends filing after Motiv restates 2024 loss per share calculation

Workhorse filed an amended current report that included Motiv financial statements restated to correct an error in the calculation of weighted average shares outstanding used for loss per share.
The restatement related to omitted shares issued upon the conversion of preferred stock and the subsequent 10-for-1 reverse stock split on June 14, 2024.
Motiv’s 2024 weighted average shares used for basic and diluted loss per share were restated to 5,468,097 from 789,702.
Motiv’s 2024 basic and diluted loss per share was restated to USD 9.4 from USD 65.3, while net loss was unchanged.

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: 0001213900-26-033661), on March 24, 2026, and is solely responsible for the information contained therein.

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