Worksport Ltd (WKSP) Form S-3 — Oct 2, 2026
Worksport filed an S-3 registering 4,800,526 shares for resale by Armistice Capital, issuable upon exercise of Inducement Warrants priced at $0.60, versus a last sale price of $0.46 on October 2, 2026. The warrants stem from an August 2026 inducement in which Armistice exercised 3,840,421 Existing Warrants at a reduced $0.60 price, generating roughly $2.3 million in gross proceeds. If all Inducement Warrants are exercised for cash, Worksport would receive about $2.88 million and shares outstanding would rise from about 20.0 million to about 24.8 million — roughly 24% dilution.
Key figures
- Cash Position
- 1200000
- Gross Proceeds
- 2880316
- Offering Price
- 0.6
- Shares Offered
- 4800526
- Shares Outstanding
- 19993672
- Warrant term
- five years from February 28, 2027
- Net loss fy2025
- 19400000
- Net loss h1 2026
- 9800000
- Last sale price oct2 2026
- 0.46
- Existing warrants exercised
- 3840421
- Inducement warrant coverage
- 125%
- Accumulated deficit jun30 2026
- 93700000
- Existing warrant exercise proceeds
- 2304253
- Armistice beneficial ownership after
- 15.49%
- Armistice beneficial ownership prior
- 43.22%
AI analysis
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