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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): December 6, 2024
WORKSPORT
LTD.
(Exact name of registrant as specified in its charter)
| Nevada |
|
001-40681 |
|
35-2696895 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
2500
N America Dr
West
Seneca, New York 14224
(Address of principal executive offices) (ZIP Code)
(888)
554-8789
Registrant’s
telephone number, including area code
Not
Applicable
(Former name or former address, if changed since 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:
| ☐ |
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
Symbols |
|
Name
of each exchange on which registered |
| Common |
|
WKSP |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure.
On
December 6, 2024, Worksport Ltd. (the “Company”) issued a press release: “Worksport ($WKSP) To Showcase Upcoming Innovations Live on FOX & Friends National TV ”. A copy of the press release is attached
hereto as Exhibit 99.1.
The
information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section,
or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in any such filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
WORKSPORT
LTD. |
| |
|
| Date:
December 6, 2024 |
By: |
/s/
Steven Rossi |
| |
Name: |
Steven
Rossi |
| |
Title: |
Chief
Executive Officer
(Principal Executive Officer) |
Exhibit 99.1
Worksport
($WKSP) To Showcase Upcoming Innovations Live on FOX & Friends National TV
Worksport’s
AL4 Premium Cover, SOLIS, and COR Systems Scheduled to Take Center Stage in Front of an Audience Projected to Exceed One Million Live
Viewers This Weekend
West
Seneca, New York, December 6, 2024 — Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”),
a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods
sectors, is thrilled to announce its upcoming appearance on FOX & Friends, ranked as the nation’s most-watched cable
news morning show according to data shared by FOX News. Scheduled for Sunday, December 8th, 2024, at 7:30 AM ET (scheduling
changes subject to the studio’s discretion), this marks a pivotal moment for Worksport as it presents its cutting-edge products
to millions of viewers nationwide.
The
live broadcast will feature Worksport Chief Executive Officer Steven Rossi showcasing the Company’s innovative product lineup,
including the premium AL4 tonneau cover, the Solis solar cover, and the COR portable energy system. Two pickup trucks,
equipped with these state-of-the-art solutions, will be driven to the FOX Plaza in Manhattan, New York City, offering audiences
a first-ever televised glimpse of Worksport’s advanced technology in action.
“This
opportunity to present our products on a platform like FOX & Friends is monumental,” said Steven Rossi, Chief Executive
Officer of Worksport. “We’re bringing the story of Worksport’s innovation to over a million viewers, while highlighting
how our products solve real-world problems. Beyond just this appearance, we see this as a gateway to even greater media exposure,
potentially reaching tens of millions more in the future.”
Worksport’s
Product Line: Innovation Meets Opportunity
The
FOX & Friends segment will focus on Worksport’s current growth story and upcoming innovative product lineup, making this a
momentous occasion to connect with viewers during the holiday shopping season. Each product below will be targeting a multi-billion dollar
and growing market and will be the key to Worksport’s 2025 growth. Worksport will also offer an exclusive, limited time FOX
& Friends discount code for purchases made on the Company’s e-commerce platform, www.worksport.com.
Featured
Products:
| ● | AL4
Premium Tonneau Cover: Worksport’s upcoming premium four-fold tonneau cover,
designed for durability and versatility, expected to have robust demand. |
| | | |
| ● | Solis
Solar Cover: Patented solar-powered truck bed cover, capable of charging electric
vehicles and powering tools, campsites, and emergency response needs. |
| ● | COR
Portable Energy System: Modular, hot-swappable mobile power solution with up to 1,700Wh
capacity, designed to function independently or integrate seamlessly with the SOLIS cover,
creating a versatile clean-energy microgrid. |
FOX
& Friends: A Reach Like No Other
FOX
& Friends remained cable news’ most-watched morning shows throughout the third quarter of 2024. The channel regularly
features high profile special guests, such as President Donald Trump. The weekend show boosts a massive audience, delivering an
average of 1.2 million viewers per episode. Worksport’s appearance places its innovative products in front of millions of
potential customers, further increasing its brand presence and brand reputability. This national broadcast represents a strategic milestone
for Worksport as the Company continues its rapid expansion into new markets. Worksport’s mission to revolutionize the tonneau cover
and portable energy sectors is bolstered by this exposure, which is expected to significantly enhance consumer awareness and investor
confidence.
Key
2024 Press-Releases
| |
● |
December
6: Worksport Shares 51% B2C and 60% B2B Sales Growth in November |
| |
● |
December
5: Worksport Adopts Changes To Corporate Treasury |
| |
● |
November
22: Worksport Announces 30% Increase in Production Capacity |
| |
● |
November
21: CEO Insider Purchase; Worksport Investigates Short Selling |
| |
● |
October
29: 200% Growth in B2B Sales; Pre-Order Campaign Initiated For AL4 |
| |
● |
October
17: Nasdaq Grants Extension To Regain Compliance |
| |
● |
October
17: $2MM+ Projected Savings From New Strategic Initiative |
| |
● |
September
30: Update On ISO Certification |
| |
● |
September
19: Alpha Launch of SOLIS & COR |
| |
● |
September
11: Worksport COR as an EV Range Extender for Tesla Model 3 |
| |
● |
August
14: Record High Revenues; 275% Q2 Growth |
| |
● |
May
8: Worksport Awarded $2.8MM Grant |
Read
all Worksport press releases: [Link to All Press Releases].
About
Worksport
Worksport
Ltd. (Nasdaq: WKSP), 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 has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding
cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers
including the EV sector. 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.
| Product
social media |
Investor
social media |
| Instagram |
X
(formerly Twitter) |
Facebook
YouTube |
LinkedIn
Link
to Newsletter |
Investors
and others should note that the Company announces material financial information to our investors using our investor relations website,
press releases, SEC filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and
other information. The Company encourages investors, the media, and others to review the information the Company publishes on social
media.
The
Company does not selectively disclose material non-public information on social media. If there is any significant financial information,
the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
For
additional information, please contact:
Investor
Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@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,”, “envisioned”,
“should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking
statements. These 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 Securities and Exchange Commission (“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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