Worksport Ltd 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On January 1, 2021, the Company issued 150,000 shares of Common Stock and a warrant to purchase 250,000 shares of Common Stock on or before January 1, 2026 at an exercise price of $2.00 per share to a third party for consulting services. During the quarter ended March 31, 2021 the Company issued 30,819,800 shares of common stock and warrants in a private offering for $3,081,981. During the quarter ended March 31, 2021 the Company issued 7,400,000 shares of common stock to third party consultants pursuant to consulting agreements valued at $1,522,000. During the quarter ended March 31, 2021 the Company issued 3,321,154 shares of common stock to third party consultants valued at $269,910. During the quarter ended March 31, 2021 the Company issued 3,000,000 shares of common stock to third party consultants valued at $300,000. During the quarter ended March 31, 2021 the Company issued 1,240,111 shares of common stock pursuant to a settlement agreement with a note holder valued at $111,610. During the quarter ended March 31, 2021 the Company issued 4,092,431 shares of common stock pursuant to a settlement agreement with a note holder valued at $368,320. During the same period the convertible promissory note holder exercised 790,243 warrants on a cashless basis for 790,243 shares common stock. The shares and warrants listed herein were issued to the investors without registration under the Securities Act of 1933 based upon exemptions from registration provided under Section 4(2) of the Act and Regulation D promulgated thereunder. The issuances did not involve any public offering; no general solicitation or general advertising was used in connection with the offering. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.