Worksport Ltd is trading 54.6% up at $0.92 after announcing a direct investment at $1.20 per unit, which is more than 100% above its recent trading level of $0.5983.
- The deal is led by a specialized institutional investor with potential follow-on financing interest of up to $10 million.
- The premium-priced investment has significantly bolstered market confidence in the company's outlook, driving the stock sharply higher in early trading.