Workhorse Group Stockholders Approve The Proposal To Increase The Number Of Shares Of Workhorse Common Stock At Its Special Meeting Of Stockholders
Portfolio Pulse from Happy Mohamed
Workhorse Group Inc. (NASDAQ:WKHS) announced that its stockholders approved the proposal to increase the number of shares of Workhorse common stock. The approval will enable the company to fund its next phase of execution and growth. The company plans to advance product roadmaps, support its Aero business, and invest in supplier tooling and assembly equipment for its W56 production.
September 01, 2023 | 12:26 pm
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NEUTRAL IMPACT
The approval to increase the number of Workhorse common stock shares could potentially dilute the value of existing shares, but it also provides the company with additional capital for growth and expansion.
The approval to increase the number of shares could lead to dilution of the value of existing shares. However, it also provides the company with additional capital that can be used for growth and expansion, which could potentially increase the company's value in the long term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100