secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-06-24T21:20:15+00:00
Accession:  0001493152-26-029959
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226029959/0001493152-26-029959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226029959/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029959

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer