Worksport (WKSP) Prices 3.5M Share Offering at $1.34/sh

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Go back to Worksport (WKSP) Prices 3.5M Share Offering at $1.34/sh

Worksport Announces Pricing of Approximately $4.7 Million Registered Direct Offering & Concurrent Private Placement

October 31, 2023 8:12 AM EDT

West Seneca, New York, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Worksport Ltd. (Nasdaq: WKSP; WKSPW) (Worksport or the Company) is pleased to announce today that it has entered into a securities purchase agreement with a single institutional investor to purchase 3,500,000 shares of common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 7,000,000 shares of common stock. The combined effective offering price for each share of common stock (or... More