13D Filing: Lukens Joseph Theodore Jr and Workhorse Grop Inc. (WKHS)

Page 3 of 5 Pages

Item
1. Security and Issuer.

 

This
Schedule 13D relates to the Common Stock, par value $0.001 per share (the “Common Stock”), of Workhorse Group Inc.,
a Nevada Corporation (the “Issuer”). The Issuer’s principal executive offices are located at 100 Commerce Drive,
Loveland, Ohio 45140.

 

Item
2. Identity and Background.

 

This
statement is being filed by and on behalf of Joseph T. Lukens (“Reporting Person”).

 

The
address of the principal office of the Reporting Person is c/o Workhorse Group Inc., 100 Commerce Drive, Loveland, OH 45140.

 

Reporting
Person is principally involved in the business of consulting.

 

Reporting
Person is a citizen of the United States.

 

Reporting
Person is an accredited investor.

 

During
the last five years, Reporting Person has not (i) been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as
a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item
3. Source and Amount of Funds or Other Consideration.

 

US
Trust Company of Delaware Administrative Trustee of the Joe & Kim Lukens Dynasty Trust assigned 2,697,147 shares of common
stock to New Era Capital Fund L.P. (“New Era”) in exchange for 34.504% of New Era. New Era Capital LLC (“NEC”)
is the General Partner of New Era. Mr. Lukens is the managing member of NEC. Jospeh T. Lukens, Jr. assigned 3,491,888 shares of
common stock to New Era in exchange for 44.672% of New Era. New Era acquired 781,248 shares of common stock and warrants to purchase
585,936 shares of common stock for a period of five years at an exercise price of $3.80 per share from the Company on September
18, 2017.

 

The
Reporting Person acquired beneficial ownership of the securities with his own personal funds.

 

The
Reporting Person did not acquire beneficial ownership of any securities with borrowed funds.