The $5.50 offering price I assume is for institutions only because it includes 1 share and 1 warrant. The NASDAQ pricing right now doesn't say you are getting a warrant for you current $WKSP trading price of $4.40. The $WKSPW are currently trading at $1.07 separately.
Worksport (OTCQB:WKSP) has priced its public offering of 3,272,727 units at $5.50/unit. Each unit consists of one share of common stock and one warrant to purchase one common share at an exercise price of $6.05.
$5.50 for a share and a free trading warrant currently trading at $1.09. They consider both assets and will sell stock below the "unit" price if they can still profit from both.