$WKHS I’ve received lots of questions regarding a potential offering. I’ll be doing a video for Wednesday where I answer this question more in-depth, but here’s my answer: The likelihood of an offering is 50/50, and if we get an offering that’s not a bad thing. Most big investors will look at the offering as a smart move by management to get vehicles rolling off the production lines. The reasons we might not see an offering include: CFO Steve Schrader talking about opening a line of credit to finance production being a priority on the last conference call, the royalty WKHS gets from Lordstown for every vehicle sold (preorders for Endurance already booked through next year), and the fact that Workhorse receives 1% of any debt or equity financing that Lordstown comes up with (they’ll need to raise capital to meet the demand for the Endurance)
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