Workhorse Group Inc

NASDAQ:WKHSUnited States

NASDAQ FSI:D. Deficient (Issuer failed to meet continued listing requirements)

financing; our ability to regain compliance with the listing requirements of the Nasdaq Capital Market and otherwise maintain the listing of our securities thereon and the impact of any steps we take to regain such compliance, such as a reverse split of our common stock, on our operations, stock price and future access to liquidity; our ability to protect our intellectual property; market acceptance for our products; our ability to obtain sufficient liquidity from operations and financing activities to continue as a going concern and, our ability to control our expenses; the effectiveness of our cost control measures and impact such measures could have on our operations, including the effects of furloughing employees; potential competition, including without limitation shifts in technology; volatility in and deterioration of national and international capital markets and economic conditions; global and local business conditions; acts of war (including without limitation the conflicts in Ukraine and Israel) and/or terrorism; the prices being charged by our competitors; our inability to retain key members of our management team; our inability to satisfy our customer warranty claims; the outcome of any regulatory or legal proceedings, including with Coulomb Solutions Inc.; our ability to consummate and realize the benefits of a potential sale and leaseback transaction of our Union City Facility; and other risks and uncertainties and other factors discussed from time to time in our filings with the Securities and Exchange Commission ("SEC"), including under the "Risk Factors" sections of our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Forward-looking statements speak only as of the date hereof. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Global Billion Dollar Recreational Vehicle Battery Market Size Expected to Continue to Grow as Demand Skyrockets

PALM BEACH, Fla., May 22, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global Recreational Vehicle Battery market is projected to grow at a significant growth rate due to several driving factors. According to a report from Market Research Intellect (MRI), the global Recreational Vehicle Battery Market size in terms of revenue is expected to continue to grow additional billions of dollars in revenues and in a CAGR through 2031. MRI said: "Market Research Intellect anticipates a promising growth trajectory for the Recreational Vehicle Battery Market from 2024 to 2031, fueled by drivers. Technological advancements will catalyze product innovation and market expansion, while favorable regulatory policies and increasing consumer awareness will further boost demand. Market Research Intellect predicts a steady CAGR during this period, signaling significant growth potential. Companies in the Recreational Vehicle Battery Market can capitalize on this growth by focusing on strategic initiatives such as market diversification, brand building, and operational efficiency improvements. Embracing emerging trends such as trends will be crucial for staying competitive and meeting evolving consumer demands. By adopting proactive strategies and leveraging opportunities, businesses can position themselves for sustained success in the dynamic market landscape of 2024-2031." Active defense stocks in news today include: KULR Technology Group, Inc. (NYSE: KULR), Polaris Inc. (NYSE: PII), Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE), Workhorse Group Inc. (NASDAQ: WKHS), Volcon Inc. (NASDAQ: VLCN).