Worksport issues new warrants after holder exercises 3,840,421 shares at USD 0.6 each
WKSP•Warrant exercise inducement and new inducement warrants
Worksport entered a warrant exercise inducement on Aug. 27, 2026, cutting the exercise price to USD 0.6 from USD 2.9.
The holder agreed to exercise existing December 2025 warrants for 3,840,421 shares, generating gross proceeds of about USD 2.3 million.
The company will issue new inducement warrants for up to 4,800,526 shares, equal to 125% of the shares exercised, at USD 0.6.
The inducement warrants become exercisable six months after issuance and will last for five years from that initial exercise date.
Registration is planned for the inducement warrant shares, with an S-3 filing due within 40 days of Aug. 27.
