Worksport Ltd (NASDAQ:WKSP) will start trading on NASDAQ, commencing today.

• As part of the process for meeting initial listing requirements, the Company completed a 1-for-20 reverse stock split.
• It priced its underwritten public offering of 3.3 million units at $5.50 per unit. 
• Each unit includes one common share and one warrant to purchase one share at an exercise price of $6.05. 
• Underwrites have an option to purchase up to an additional 491k shares or an additional 491k warrants. The offering will close by August 6.
• Maxim Group LLC is acting as the sole book-running manager for the offering.
• Worksport designs and distributes pickup truck covers called tonneau covers across the U.S. and Canada. 
• Worksport has developed soft vinyl tonneau covers and hard aluminum tonneau covers. Covers are offered in three or four-panel options. 
• Once installed, tonneau covers latch against the truck's bed and fold up against the back window of the truck cab.
• As of March 31, on an adjusted basis, including IPO proceeds, Worksport will have $23.1 million in cash and no long-term debt.
• Price Action: WKSP shares traded at $4.51 on the last check Wednesday.