0001096275 false 0001096275 2023-08-22 2023-08-22 0001096275 WKSP:CommonMember 2023-08-22 2023-08-22 0001096275 WKSP:WarrantsMember 2023-08-22 2023-08-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares






Washington, D.C. 20549






Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934


Date of Report (date of earliest event reported):

August 22, 2023


Worksport, LTD

(Exact Name of Registrant as Specified in its Charter)


Nevada   001-40681   35-2696895

(State of




File Number)


(IRS Employer

Identification No.)


2500 N America Dr

West Seneca, NY 14224

(Address of principal executive offices)



(Registrant’s telephone number, including area code)



(Former Name or former address if changed from last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common   WKSP   The Nasdaq Stock Market LLC
Warrants   WKSPW   The Nasdaq Stock Market LLC







Item 7.01 Regulation FD Disclosure


On August 23, 2023, Worksport Ltd. (the “Company”) issued a press release announcing [A the company achieves a Major Milestone with First Shipment of Hard-Folding Tonneau Covers From US Facility, and that the Order of $1,600,000 is in Process]. A copy of the press release is attached hereto as Exhibit 99.1.


The information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.


Item 9.01 Financial Statements and Exhibits


(d) Exhibits


Exhibit No.   Description
99.1   [Worksport Achieves Major Milestone with First Shipment of Hard-Folding Tonneau Covers From US Facility, Order of $1,600,000 in Process]
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: August 22, 2023 By: /s/ Steven Rossi
  Name: Steven Rossi

Chief Executive Officer

(Principal Executive Officer)





Exhibit 99.1



Worksport Achieves Major Milestone with First Shipment of Hard-Folding Tonneau Covers From US Facility, Order of $1,600,000 in Process


West Seneca, N.Y. August 22, 2023, Worksport (Nasdaq: WKSP; WKSPW) is thrilled to announce the successful dispatch of its first shipment of hard-folding tonneau covers, which are made in the U.S. with domestic and imported components. This major development comes on the heels of the Company initiating manufacturing earlier this month, and aligns with recent sizable orders, notably a $700,000 order for soft folding covers and a staggering $1,600,000 order for hard-folding covers, both from a national U.S. customer and reseller of automotive aftermarket accessories.


These noteworthy achievements pave the way for Worksport’s sharpened focus on their avant-garde SOLIS Solar Cover and the COR Battery System. This transformative combination, poised to redefine vehicular energy solutions, is drawing closer to market entry. Investors can expect timely updates on this front, with rapid developments unfolding at the moment.


CEO Steven Rossi expressed his fervor, remarking, “It’s an exhilarating period for Worksport. Witnessing our hard-folding covers, a testament to American craftsmanship, being shipped right from our Buffalo, NY manufacturing facility is immensely gratifying. Our trajectory is bright, and we’re bullish about our innovative pursuits.”


For further information, please visit Worksport’s official website for investors at investors.worksport.com.


About Worksport Ltd.


Worksport Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit investors.worksport.com





Connect with Worksport:


Please follow the company’s social media accounts on Twitter, Facebook, LinkedIn, YouTube, and Instagram, as well as sign up for the company’s newsletters at investors.worksport.com. Worksport Ltd. strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.












For additional information, please contact:


Steven Obadiah

Investor Relations

Worksport Ltd.

T: 1 (888) 554 8789 E: investors@worksport.com W: www.worksport.com


Forward-Looking Statements


The information contained herein may contain “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “project,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: supply chain delays, acceptance of our products by consumers, delays in or nonacceptance by third parties to sell our products, competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.




Aug. 22, 2023
Document Type 8-K
Amendment Flag false
Document Period End Date Aug. 22, 2023
Entity File Number 001-40681
Entity Registrant Name Worksport, LTD
Entity Central Index Key 0001096275
Entity Tax Identification Number 35-2696895
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 2500 N America Dr
Entity Address, City or Town West Seneca
Entity Address, State or Province NY
Entity Address, Postal Zip Code 14224
City Area Code 888
Local Phone Number 554-8789
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common
Trading Symbol WKSP
Security Exchange Name NASDAQ
Title of 12(b) Security Warrants
Trading Symbol WKSPW
Security Exchange Name NASDAQ

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