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Worksport Ltd
Worksport Ltd. held its 2026 Annual Meeting of Shareholders on September 3, 2026, approving the election of directors, the appointment of an independent auditor, and a proposal to consider special dividends upon asset sales. Shareholders also authorized the Board of Directors to effect a reverse stock split at a ratio between 1-for-2 and 1-for-250, or a forward stock split, at their discretion.…more
Worksport Ltd
Worksport Ltd. has secured approximately $2,304,252.60 in gross proceeds by inducing the exercise of 3,840,421 existing warrants issued on December 12, 2025, at a reduced exercise price of $0.60 per share. In consideration, the company will issue new warrants for up to 4,800,526 shares, representing 125% of the exercised warrants, with the transaction expected to close on or about August 28, 2026.…more
Worksport Ltd
Worksport recorded a company-record $2.52 million in product orders for July 2026, with preliminary net sales reaching $2.22 million. The company has maintained seven consecutive months of sales growth, achieving a $30 million Annualized Revenue Rate (ARR) and a gross margin exceeding 30% for the third straight month.…more
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Worksport Announces Warrant Repricing and New Issuance to Raise $2.3M
Worksport is repricing existing warrants to a lower strike price and issuing new warrants to raise approximately $2.3 million in gross proceeds. This financing move increases the potential for share dilution, which may negatively impact existing shareholders.…more
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Worksport announced preliminary July net sales of approximately $2.22 million, marking a 6.7% increase from the previous month. The company also achieved a record monthly product order volume, bringing its annualized revenue rate to $30 million.…more
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