🔴 Worksport is trading 5.7% down in after-hours trading on warrant-inducement financing and potential dilution

Worksport is trading 5.7% down at $0.54 in after-hours trading after warrant-inducement financing raised dilution concerns.

• A holder agreed to exercise 3,840,421 existing warrants at $0.60 per share; Worksport will issue new warrants covering up to 4,800,526 shares.
• The transaction is expected to generate approximately $2.3 million in gross proceeds.
• The regular session fell 8.73% to $0.57 on August 28, 2026.