Sichenzia Ross Ference Carmel LLP Represents Worksport Ltd. in $2.8 Million Public Offering

Press Release – New York, NY – March 19, 2024 – Sichenzia Ross Ference Carmel LLP represented Worksport Ltd. – a Company that through its subsidiaries designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries – in a registered direct offering and concurrent private placement.

The offering consisted of 3,850,132 shares of common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investor warrants to purchase up to 7,700,264 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and accompanying warrant is $0.74, priced at-the-market under Nasdaq rules.

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel and Phil Magri, as well as counsel Jeffrey Hua.