Worksport Ltd., a Nevada corporation, completed the initial closing of its Regulation A offering on June 13, 2025. The company issued a total of 49,335 units, each consisting of one share of 8% Series C Convertible Preferred Stock and one warrant for common stock, to investors placed by Digital Offering LLC, the company's placement agent. The aggregate gross proceeds from this transaction amounted to $160,338.75. After deducting commissions and offering-related expenses of $11,223.71, Worksport received net proceeds of $149,115.04.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worksport Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-015628), on June 18, 2025, and is solely responsible for the information contained therein.