Worksport issues new warrants after holder exercises 3,840,421 shares at USD 0.6 each

• Worksport entered a warrant exercise inducement on Aug. 27, 2026, cutting the exercise price to USD 0.6 from USD 2.9.
• Holder agreed to exercise existing December 2025 warrants for 3,840,421 shares, generating gross proceeds of about USD 2.3 million.
• Company will issue new inducement warrants for up to 4,800,526 shares, equal to 125% of shares exercised, at USD 0.6.
• Inducement warrants become exercisable six months after issuance, lasting five years from that initial exercise date.
• Registration planned for inducement warrant shares, with an S-3 filing due within 40 days of Aug. 27.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Worksport Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040401), on August 27, 2026, and is solely responsible for the information contained therein.