{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039383","form_type":"8-K","ticker":"WKSP","cik":"0001096275","company_name":"Worksport Ltd","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.207666+00:00","generated_at":"2026-06-08T21:57:25.794719+00:00","sec_items":["1.01","3.02","5.02","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Worksport raises ~$4.7M in registered direct offering and private placement; CEO granted 1.5M performance-based options","bullets":["Priced registered direct offering of 3.5M shares or pre-funded warrants at $1.34/unit; gross proceeds ~$4.7M.","Net proceeds of ~$4.2M after fees; intended for working capital and general corporate purposes.","Concurrent private placement of warrants to purchase up to 7M shares at $1.34, exercisable from May 2024 to May 2029.","CEO Steven Rossi granted incentive stock options for 1.5M shares at $1.44, vesting upon achieving $10M–$50M annual revenue milestones.","Placement agent Maxim Group receives 7% cash fee; company subject to 90-day lock-up on further equity issuances."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039383","json":"https://secwatch.observer/filing/0001493152-23-039383.json","markdown":"https://secwatch.observer/filing/0001493152-23-039383.md","text":"https://secwatch.observer/filing/0001493152-23-039383.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1096275/000149315223039383/0001493152-23-039383-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1096275/000149315223039383/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T21:57:25.794719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c498d0c83e867a641f78bb5e384364328c0be40","claim":"Worksport Ltd entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-10-31).","evidence_excerpt":"On October 31, 2023, the Company also entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”) as the exclusive placement agent in connection with the offering.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1096275/000149315223039383/0001493152-23-039383-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Maxim Group LLC"},{"label":"Effective","value":"2023-10-31"}],"fact_type":"material_agreement"},{"claim_id":"45a4224192bac51a88919e7ca81507b37383b23f","claim":"Worksport Ltd entered into Securities Purchase Agreement with a certain institutional investor (effective 2023-10-31).","evidence_excerpt":"On October 31, 2023, Worksport Ltd., a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with a certain institutional investor (the “Purchaser”) pursuant to which the Company sold, in a registered direct offering, an aggregate of (i) 1,925,000 shares (the “Shares”) of common stock, par value $0.0001 per share, of the Company (“Common Stock”); and (ii) 1,575,000 pre-funded warrants (the “Pre-funded Warrants”) to purchase up to 1,575,000 shares of Common Stock (the “Pre-funded Warrant Shares”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1096275/000149315223039383/0001493152-23-039383-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"a certain institutional investor"},{"label":"Effective","value":"2023-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}