Worksport .(US:WKSP) Globenewswire·2025-10-15 12:01Core Insights - Worksport Ltd. has successfully completed a $10 million Regulation A offering, eliminating near-term capital uncertainty and enabling acceleration of product launches and operational growth initiatives in clean energy and automotive sectors [2][4][5] Funding and Capital Structure - The offering attracted strong participation from new retail and family office investors, featuring $4.50 warrants that provide success-based growth capital, exercisable as Worksport's valuation increases [3][4] - The capital raised is deemed sufficient to fund new product commercialization and support growth towards cash-flow positivity [5][6] Product Launch and Commercialization - Proceeds from the offering will be used to complete the commercial rollout of Worksport's flagship products, including the COR portable power system and SOLIS solar tonneau cover, both expected to launch in Q4 2025 [4][5] - The company is on track to announce official launch dates, specifications, and pricing soon as it scales production and expands its dealer network [5] Operational Performance - Worksport has achieved its fourth consecutive monthly sales record, with gross margins reaching 31%, one quarter ahead of schedule, indicating strong operational momentum [6] - The company is progressing towards sustained profitability and long-term value creation, supported by growing B2B adoption and enhanced U.S. manufacturing efficiencies [6] Strategic Vision - The CEO emphasized that completing the offering marks a defining moment for Worksport, enhancing market visibility and securing capital to launch clean-energy products, positioning the company for future growth and cash-flow positivity [4]