---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-040401"
form_type: "8-K"
ticker: "WKSP"
cik: "0001096275"
company_name: "Worksport Ltd"
filed_at: "2026-08-27T20:17:30+00:00"
generated_at: "2026-08-27T20:19:12.190276+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-040401
- form_type: 8-K
- ticker: WKSP
- cik: 0001096275
- company_name: Worksport Ltd
- filed_at: 2026-08-27T20:17:30+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096275/000149315226040401/0001493152-26-040401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096275/000149315226040401/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-040401
- JSON: https://secwatch.observer/filing/0001493152-26-040401.json
- Plain text: https://secwatch.observer/filing/0001493152-26-040401.txt

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