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EXCLUSIVE: Worksport Chooses Equity Compensation Over Cash
Key takeaways
- Worksport said Tuesday that Rossi elected to receive 79,618 shares of the company's common stock instead of $50,000 in cash compensation that would otherwise have been payable to him.
- The company issued the shares under a Stock Purchase Agreement dated June 5, 2026, between Rossi and the company.
- The shares were priced at $0.6280 each, matching the closing price of Worksport's common stock on the Nasdaq Capital Market on June 5, 2026.
EXCLUSIVE: Worksport Chooses Equity Compensation Over Cash Anusuya Lahiri Tue, June 9, 2026 at 7:46 PM GMT+7 2 min read WKSP Worksport Ltd (NASDAQ:WKSP) announced Tuesday that its founder and CEO, Steven Rossi, has chosen company stock over cash compensation, signaling confidence in the company's long-term strategy again.
Worksport said Tuesday that Rossi elected to receive 79,618 shares of the company's common stock instead of $50,000 in cash compensation that would otherwise have been payable to him.
The company issued the shares under a Stock Purchase Agreement dated June 5, 2026, between Rossi and the company.
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