Workhorse Group Inc. 8-K

What Happened
Workhorse Group Inc. announced on January 21, 2026 (Form 8-K) that its Audit Committee dismissed Berkowitz Pollack Brant Advisors + CPAs, LLP (BPB) as the company’s independent registered public accounting firm and approved the immediate appointment of Carr, Riggs & Ingram, L.L.C. (CRI). CRI had acquired certain BPB capital markets practice assets effective January 1, 2026. BPB’s audit report for the fiscal year ended December 31, 2024 contained no adverse or qualified opinion but included an explanatory paragraph about substantial doubt regarding the Company’s ability to continue as a going concern.

Key Details

• Audit change effective January 21, 2026: BPB dismissed; CRI engaged as independent auditor.
• CRI acquisition: CRI acquired certain BPB capital markets practice assets effective January 1, 2026.
• Prior audit notes: BPB’s report for year ended Dec 31, 2024 included a going-concern explanatory paragraph; no adverse/qualified opinion otherwise.
• Internal control issues: Material weaknesses disclosed in 2024 (third‑party valuation review for convertible debt/warrant liability and delayed quarterly filings due to accounting staff turnover) remain unremediated; no disagreements with BPB and no other reportable events.

Why It Matters
An auditor change is material because it affects who reviews the company’s financial statements and disclosures; CRI’s appointment follows its acquisition of BPB’s relevant practice, which may provide continuity. The previously disclosed going-concern note and the unremediated material weaknesses in internal control are concrete, company‑reported issues investors should monitor. Watch upcoming filings and the next audit report for any changes in the auditor’s opinion or disclosure about remediation progress.