Company: WKSP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022113
Chunk: 135

Company: Worksport Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 2
Chunk 135
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(a)
Recent Sales of Unregistered Securities

    ●
    On
    June 13, 2025, Worksport completed the initial closing of its Regulation A offering of up to 3,100,000 units, each consisting of one
    share of the Company’s 8% Series C Convertible Preferred Stock, and one warrant to purchase one share of the Company’s
    common stock. The Offering is being conducted pursuant to the Company’s Offering Statement on Form 1-A, as amended, which was
    qualified by the U.S. Securities and Exchange Commission on May 27, 2025. Through September 30, 2025, the Company issued an
    aggregate of 2,349,202 Units to investors that were placed by Digital Offering LLC, the Company’s placement agent, for
    aggregate gross proceeds of $7,634,957, including share subscriptions receivable of $499,850. After deducting Placement Agent
    commissions and offering-related expenses (issuance costs) of $707,035, the Company received net proceeds of $6,927,922.  The
    issuance of the securities was made pursuant to the exemption from registration provided under Section 3(b)(2) of the Securities Act
    and Regulation A. Subsequent to September 30, 2025, the Company issued an aggregate of 725,386 Units to investors for aggregate
    gross proceeds of $2,357,454. After deducting issuance costs of $192,962, the Company received net proceeds of
    $2,164,492.

(b)
Use of Proceeds

Not
applicable.

(c)
Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

Securities
Trading Plans

During
the nine months ended September 30, 2025, none of our Section 16 officers or directors (as defined in Rule 16a-1(f) of the Exchange Act)
adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy
the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as
defined in Section 408(c) of Regulation S-K).

Subsequent