WKHS Workhorse Group Inc. - 8-K

Item 8.01 Other Events.

On April 17, 2026, Workhorse Group Inc. (the “Company”) entered into a binding settlement term sheet (the “Term Sheet”) by and among the Company and Coulomb Solutions, Inc. to resolve the previously disclosed legal action captioned Coulomb Solutions, Inc. vs. Workhorse Technologies, Inc. , Case No. 2:24-cv-11048 filed in the United States District Court for the Eastern District of Michigan (the “Litigation”).

The Term Sheet provides for, among other things, the final dismissal of the Litigation with prejudice in exchange for the Company’s payment of $4.3 million (the “Settlement Amount”). Final dismissal of the Litigation is subject to the finalization of a definitive settlement agreement not inconsistent with the Term Sheet by April 30, 2026 and the Company’s payment of the Settlement Amount no later than May 28, 2026.

The Company expects to fund the payment of the Settlement Amount through borrowing under its existing credit facilities.

Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995, as amended, which reflect the Company’s current views and beliefs with respect to future events. All statements other than statements of historical fact included in this Current Report on Form 8-K, including statements relating to the resolution of the Litigation and the Company’s expectations regarding the source of funds to pay the Settlement Amount, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ, and include but are not limited to the parties’ finalizing a definitive settlement agreement, the Company’s payment of the Settlement Amount and the availability of the Company’s existing credit facilities to fund such payment. A further description of the risks and uncertainties relating to the business of the Company is contained in the Company’s reports filed with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2025, quarterly reports on Form 10-Q, and current reports on Form 8-K. The Company does not undertake to update, and expressly disclaims any duty to update, its forward-looking statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise, unless required by law.