1 unchanged sentence
Recent Sales of Unregistered Securities
−Removed: February 2025, we issued warrants (“Inducement Warrants”) to purchase an aggregate
−Removed: of 1,424,500 shares to certain investors in exchange for them exercising warrants that were
−Removed: issued to them in May 2024 (the “May 2024 Existing Warrants”) at an exercise
−Removed: price of $5.198 per share.
−Removed: Each Inducement Warrant has an exercise price of $6.502 and is
−Removed: exercisable six months after issuance, or August 27, 2025, until the five and a half-year
−Removed: anniversary from the date of issuance.
−Removed: We received proceeds of $6,731,410 before deducting
−Removed: placement agent fees and other offering expenses payable by us upon the exercise of the May
−Removed: 2024 Existing Warrants
−Removed: February 2025, the Company issued 1,000 restricted shares with a value of $82,100 to an investor
−Removed: relations consultant.
−Removed: March 2025, we issued 10,000 stock options to a director with an exercise price of $5.95
−Removed: and an expiration date of March 27, 2035.
+Added: On June 13, 2025, Worksport completed the initial closing of its Regulation
+Added: 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
+Added: one warrant to purchase one share of the Company’s common stock.
+Added: The Offering is being conducted pursuant to the Company’s
+Added: Offering Statement on Form 1-A, as amended, which was qualified by the U.S.
+Added: Securities and Exchange Commission on May 27, 2025.
+Added: In connection
+Added: with the initial closing, the Company issued an aggregate of 49,335 Units to investors that were placed by Digital Offering LLC, the Company’s
+Added: placement agent, for aggregate gross proceeds of $160,338.75.
+Added: After deducting Placement Agent commissions and offering-related expenses
+Added: of $11,223.71, the Company received net proceeds of $149,115.04.
+Added: The issuance of the securities was made pursuant to the exemption from
+Added: registration provided under Section 3(b)(2) of the Securities Act and Regulation A.
Use of Proceeds
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.