Worksport warrant inducement: 3.84M shares at $0.60, raises $2.3M, issues new warrants

Worksport Ltd

Holder exercises 3,840,421 existing warrants at reduced $0.60/share (from $2.90); gross proceeds ~$2,304,252.60.
Company issues 4,800,526 new inducement warrants (125% of exercised) at $0.60, 5-year term, exercisable after 6 months.
Closing expected Aug 28, 2026; Maxim Group LLC acts as exclusive financial advisor, paid from gross proceeds.
Company to file resale registration statement for new warrant shares within 40 days; no equity issuance for 60 days post-close.
Net proceeds earmarked for general corporate and working capital purposes.

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