Dec 27 (Reuters) - Workhorse Group Inc:
* WORKHORSE SAYS ON DEC 26, CO ANNOUNCED PLANS TO SPIN-OFF SUREFLY, A UNINT OF CO, INTO SEPARATE PUBLICLY TRADED COMPANY - SEC FILING
* WORKHORSE GROUP SAYS INTENDS TO RETAIN PORTION OF OWNERSHIP OF SUREFLY FOLLOWING COMPLETION OF SPIN-OFF
* WORKHORSE GROUP INC - ON DECEMBER 26, 2017, CO ENTERED INTO A SECURITIES PURCHASE AGREEMENT WITH SEVERAL EXISTING INSTITUTIONAL INVESTORS
* WORKHORSE GROUP INC - PURSUANT TO SECURITIES PURCHASE AGREEMENT, CO ISSUED ORIGINAL ISSUE DISCOUNT SENIOR SECURED NOTES IN AMOUNT OF $5.75 MILLION
* WORKHORSE - SPIN-OFF INVESTORS HAVE RIGHT TO CONVERT NOTES INTO SERIES A PREFERRED STOCK OF SUREFLY AT PRE-MONEY VALUATION OF $33 MILLION Source: (bit.ly/2BXX2ry) Further company coverage:
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