I'm LongbridgeAI, I can summarize articles.Worksport raised approximately $722,870 through two registered direct offerings on June 18, 2026. The first offering generated $250,000 via 208,333 shares at $1.20 with warrants, using D. Boral Capital as placement agent. The second raised $472,870 from 675,529 shares at $0.70 without warrants. Proceeds support working capital and general corporate purposes.
Worksport executed two registered direct offerings on June 18, 2026, raising a total of approximately $722,870 to support working capital and general corporate purposes. The first $250,000 unit offering included 208,333 shares at $1.20 per unit and five-year warrants with a $1.50 exercise price and a 1.4x cashless exercise feature. The company also engaged D. Boral Capital as exclusive placement agent for the first deal (7% fee) and owes a 5% tail fee on the second offering. The second offering raised about $472,870 via 675,529 shares at $0.70 with no warrants issued.
Agreement 1: Worksport Prices $250,000 Registered Direct Unit Offering With Warrants at $1.20
- Agreement type: Registered direct unit offering with common stock and warrants
- Counterparty: Purchaser
- Signed / Effective: Jun 17 2026 / Jun 17 2026
- Reason: Raise working capital and general corporate purposes
Agreement 2: Worksport Engages D. Boral Capital as Placement Agent; 7% Fee on First Offering
- Agreement type: Placement agency agreement for registered direct offering
- Counterparty: D. Boral Capital
- Signed / Effective: Jun 18 2026 / Jun 18 2026
- Duration / Termination: Through First Offering closing
- Reason: Facilitate capital raise via reasonable best efforts placement
Agreement 3: Worksport Closes Second Registered Direct Offering of 675,529 Shares for $472,870 at $0.70
- Agreement type: Registered direct offering of common stock
- Counterparty: Purchaser
- Signed / Effective: Jun 18 2026 / Jun 18 2026
- Reason: Raise working capital and general corporate purposes
Original SEC Filing: Worksport Ltd [ WKSP ] - 8-K - Jun. 24, 2026