🔴 Worksport is trading 9.68% down in pre-market after discounted warrant exercise and potential dilution

Worksport is trading 9.68% down in pre-market at $0.57 after announcing a warrant-inducement transaction expected to raise approximately $2.3 million.

• A holder will exercise 3,840,421 existing warrants at reduced $0.60, receiving new warrants for up to 4,800,526 shares and creating potential dilution.
• Expected close: August 28, 2026; the financing is the clearest company-specific pre-market catalyst.
• Profit-taking may amplify pressure after its 23.53% gain to $0.63 on August 27; modestly lower futures are not the primary explanation.