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.