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Company expects about $2.3 million in gross proceeds.
Worksport Ltd announced Worksport Ltd announced a warrant inducement repricing for December 2025 warrants, reducing the exercise price from $2.90 to $0.60 per share for 3,840,421 shares and issuing 4,800,526 new warrants at $0.60 per share. The company expects about $2.3 million in gross proceeds.
The announcement cited 3,840,421 shares, 4,800,526 new warrants, $2.90, and $2.3M gross proceeds. Share consideration (with the issuer receiving shares): 4800526.
Worksport Ltd has a free float of 12,304,433 shares and 15,298,333 shares outstanding.
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