$70 million financing keeps Workhorse’s share surge humming

Parked Workhorse van

Shares of Workhorse Group Inc. (NASDAQ: WKHS) continued their ascent after the company announced a new $70 million financing agreement.

The designer and maker of electric vehicles and truck-mounted delivery drones entered into a financing agreement with institutional investor, HT Investments (High Trail Capital), for a $70 million senior secured convertible note. The note is convertible into common stock by the investor at $19 per share, a 31% premium to the June 29 closing price of $14.51.

The...

https://s29755.pcdn.co/news/70-million-financing-keeps-workhorses-share-surge-humming

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