secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001493152-24-010656
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315224010656/0001493152-24-010656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315224010656/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010656

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