Workhorse falls short on votes to increase share count

Workhorse Group fell just short of the votes needed to more than double its authorized shares. It will count again on Friday, Sept. 1. (Photo: Workhorse Group)

Workhorse Group fell short in its first try at getting shareholders to more than double the number of authorized shares in the electric step van manufacturer.

The Cincinnati-based company will count proxies again on Friday. It hopes for approval that would to sell up to 250,000 new shares of stock to raise capital. The move would dilute…

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