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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported):
October
26, 2023
Worksport,
LTD
(Exact
Name of Registrant as Specified in its Charter)
Nevada |
|
001-40681 |
|
35-2696895 |
(State
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
2500
N America Dr
West
Seneca, NY 14224
(Address
of principal executive offices)
888-554-8789
(Registrant’s
telephone number, including area code)
N/A
(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
[October] [26], 2023, Worksport Ltd. (the “Company”) issued a press release announcing [ the company Presents
Uniquely Configured Bed Cover Model for Canadian Automotive Store Chain Following Recent $16 Million Annual Sales Agreement with U.S
Brand]. 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.
SIGNATURES
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.
|
WORKSPORT LTD. |
|
|
Date: [October] [26], 2023 |
By: |
/s/
Steven Rossi |
|
Name: |
Steven Rossi |
|
Title: |
Chief
Executive Officer
(Principal
Executive Officer) |
Exhibit
99.1
Worksport
Presents Uniquely Configured Bed Cover Model for Canadian Automotive Store Chain Following Recent $16 Million Annual Sales Agreement
with U.S Brand
West
Seneca, New York, Oct. 26, 2023 - Worksport Ltd. (Nasdaq: WKSP; WKSPW) (“Worksport” or the “Company”)
is pleased to announce that it has received interest
from a leading Canada-based automotive aftermarket reseller for the Company’s hard-folding tonneau covers. The Company has already
sent product samples to this reseller as well. The potential customer has an impressive annual sales volume surpassing $10 billion CAD.
As it would be a private-label customer, the Company cannot disclose its name at this time.
This
interest comes on the heels of executing a $16 million USD annual sales agreement for its hard-folding and soft-folding covers with a
leading U.S. aftermarket reseller earlier this year. Worksport is once again diligently working to grow and increase its revenues.
Management
believes that entering into yet another potential collaboration signals the robust demand and confidence in Worksport’s cutting-edge
truck bed covers. This development further fortifies the Company’s position in the aftermarket space and underscores its growth
trajectory.
This
year and next year will see Worksport branching out into the cleantech sector with its highly anticipated SOLIS Solar Cover, coupled
with its COR Battery System. This game-changing combination serves dual purposes: providing additional driving range for electric
pickup trucks of partnering OEM brands and furnishing off-grid power in remote locations to most
pickup trucks.
Several
major automotive manufacturers have expressed a keen interest in Worksport’s innovative solutions, with a notable partnership already
announced with Hyundai.
While
Worksport’s U.S. factory is taking steps to meet the high demand, it is simultaneously preparing for the launch of the SOLIS Solar
Cover with COR Battery System. The Company expects to update investors soon on its progress.
Steven
Rossi, CEO of Worksport, is brimming with enthusiasm for what the future holds. “After recently announcing the $16 million
sales agreement, the fact that another top-tier aftermarket reseller has shown interest in our products just further illustrates the
trust and interest in our brand. While there’s much ground to cover, these developments act as tremendous motivators. We’re
more committed than ever to amplify our factory capabilities and present unyielding value to our investors,” Rossi remarked.
For
further information, please visit Worksport’s official website for investors at investors.worksport.com.
About
Worksport
Worksport
Ltd. (Nasdaq: WKSP; WKSPW), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property 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 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. Terravis
Energy’s website is terravisenergy.com. For more information, please visit investors.worksport.com.
Connect
with Worksport
Please
follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram (collectively, the “Accounts”), the links of which are links to external third party websites, as well
as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of,
or accept any responsibility for any content on these third party websites other than content published by the Company.
Worksport
strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level
of visibility.
LinkedIn
Facebook
X
(previously Twitter)
Instagram
YouTube
Investors
and others should note that the Company announces material financial information to our investors using our investor relations website,
press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company
also uses the Accounts to announce Company news and other information. The information shared on the Accounts could be deemed to be material
information. As a result, the Company encourages investors, the media, and others to review the information the Company publishes on
the Accounts.
In
order to comply with Regulation FD, the Company does not selectively disclose material non-public information on any Account. If there
is any significant financial information, it is the policy of the Company to release it broadly to the public through a press release
or SEC filing prior to publishing it on one of the Accounts.
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: (i) supply chain delays; (ii) acceptance of our products
by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) 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 SEC, including, without limitation, 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.
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Worksport (NASDAQ:WKSP)
過去 株価チャート
から 5 2024 まで 6 2024
Worksport (NASDAQ:WKSP)
過去 株価チャート
から 6 2023 まで 6 2024