Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 31

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 31
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 little or no control over our affairs.                                                                               |
| ● | Our failure to meet the continued listing requirements of Nasdaq could result in a de-listing of our Common Stock.                                                                                                                                                     |
| ● | We may not be able to protect our intellectual property rights throughout the world, which could negatively impact our business.                                                                                                                                       |

Geopolitical Conditions

Geopolitical conditions, including but not limited
to acts of war, terrorism, political and social instability, may negatively impact our business operations and financial performance.
Our business activities could face interruptions due to such unpredictable geopolitical events. Notably, the recent escalation of military
conflict by Russia in Ukraine in February 2022, the internal conflict within Sudan that erupted in April 2023 between the Rapid Support
Forces and the Sudanese Armed Forces, and the conflict initiated by Hamas against Israel in October 2023, leading to a war in Gaza, have
all contributed to a tense geopolitical climate. This tension has also encouraged Houthi attacks on commercial vessels in the Red Sea
and hindered diplomatic efforts in the Middle East. Moreover, ongoing conflicts in regions such as Ethiopia and Myanmar further underscore
the global nature of these geopolitical risks. The full ramifications of these and other global conflicts are challenging to predict but
may lead to increased geopolitical tension, regional instability, shifts in geopolitical alliances, cyber threats or interruptions in
energy exports. These outcomes could have a considerable negative effect on international trade, currency exchange rates, regional economies
and the global economic landscape. Given these uncertainties, it is difficult to ascertain the full impact these geopolitical developments
may have on our Company. However, it is anticipated that such conflicts and the resultant responses could elevate our operational costs,
disrupt our supply chain, diminish our sales and profits, hinder our ability to secure additional funding on favorable terms, or adversely
affect our overall business health and operational results.

Implications of Being a Smaller Reporting Company

We are a “smaller reporting company,”
as defined in the Securities Exchange Act of 1934, as amended, or the Exchange Act, and have elected to take advantage of certain of the
scaled disclosures available to smaller reporting companies. We will continue to be a “smaller reporting company” until we
have $250 million or more in public float (based on our Common Stock) measured as of the last business day of our most recently completed
second fiscal quarter or, in the event we have no public float (based on our Common Stock) or a public float (