Worksport raises $723k in two registered direct offerings; first at $1.20/unit (100% premium to market)

Worksport Ltd

First offering: 208,333 units (share + warrant) at $1.20/unit for $250k gross; warrants at $1.50, 5-year term.
Second offering: 675,529 shares at $0.70/share for ~$473k gross; no warrants issued.
Both closings on June 18, 2026; proceeds for working capital and general corporate purposes.
Investor expressed interest in evaluating up to $10 million additional financing, subject to conditions.
Q1 2026 net sales $3.3M (+47.9% YoY), gross profit $854k (+115.5% YoY), gross margin 26%.

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