Lucosky Brookman LLP Successfully Represents Maxim Group LLC in $18 Million Public Offering of Worksport Ltd. shares and warrants; Uplisting to NASDAQ
Lucosky Brookman LLP congratulates its client, Maxim Group LLC on its successful public offering of $18 Million of Worksport Ltd. (Nasdaq-CM: WKSP; WKSPW) common stock and warrants. The offering allowed the company to uplist from the OTCQB to NASDAQ. Lucosky Brookman represented Maxim Group in its capacity as underwriter and sole book-running manager.
Worksport Ltd. is a developer and manufacturer of high quality, modular, and attractively priced tonneau covers, and solar-powered systems for light-duty trucks.
The underwritten public offering of 3,272,727 units closed at a price to the public of $5.50 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $6.05. Worksport received gross proceeds of $18 million, before deducting underwriting discounts and commissions and other estimated offering expenses in connection with the offering.