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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25/04 | UPS, FedEx transition to electric vans slowed by battery shortages, low supply | RE |
24/04 | Workhorse Group Adds Milea Truck Sales and Leasing, Expanding New York Presence | CI |
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- Workhorse Group Inc. announced that it expects to receive $50 million in funding from Lincoln Park Capital, LLC