Worksport raises ~$2.8M in registered direct offering & private placement at $0.74/share

Worksport Ltd

Gross proceeds ~$2.8M; net proceeds ~$2.59M after 7% tail fee to Maxim Group LLC.
Sold 2,372,240 shares and 1,477,892 pre-funded warrants at $0.74/$0.7399 per unit.
Concurrent private placement of warrants to purchase up to 7,700,264 shares at $0.74.
Warrants exercisable 6 months after issuance (Sept 20, 2024), expire Sept 20, 2029.
Net proceeds earmarked for working capital and general corporate purposes.

item 1.01 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Worksport Ltd entered into a equity purchase.

Action: entry
Agreement: equity purchase

Exact text from the filing

. Unregistered Sales of Equity Securities. In a concurrent private placement with the offering disclosed in Item 1.01 of this Current Report on Form 8-K, the Company also issued the Purchaser unregistered warrants (the “Warrants”) to purchase up to an aggregate of 7,700,264 shares (the “Warrant Shares”).

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Worksport Ltd filing history →

Source: SEC EDGAR

accession 0001493152-24-010656

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