---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010656"
form_type: "8-K"
ticker: "WKSP"
cik: "0001096275"
company_name: "Worksport Ltd"
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T11:17:35.905960+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-010656
- form_type: 8-K
- ticker: WKSP
- cik: 0001096275
- company_name: Worksport Ltd
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096275/000149315224010656/0001493152-24-010656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096275/000149315224010656/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010656
- JSON: https://secwatch.observer/filing/0001493152-24-010656.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010656.txt

## Key facts
- Material Agreements
  Worksport Ltd entered into a equity purchase.
  - Action: entry
  - Agreement: equity purchase
  source text: . 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1096275/000149315224010656/0001493152-24-010656-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.