Company: WKSP
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010837
Chunk: 42

Company: Worksport Ltd
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 value of $82,100 to an investor
                                            relations consultant.

 ●In
                                            March 2025, we issued 10,000 stock options to a director with an exercise price of $5.95
                                            and an expiration date of March 27, 2035.

(b)
Use of Proceeds

Not
applicable.

(c)
Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5. Other Information

Securities Trading Plans

During the three
months ended March 31, 2025, none of our Section 16 officers or directors (as defined in Rule 16a-1(f) of the Exchange Act) adopted or
terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative
defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as defined in Section
408(c) of Regulation S-K).

Subsequent
Events

●On
                                            April 1, 2025, the Company signed a lease agreement for 12,500 square feet of office space
                                            to be used as an R&D facility pursuant to a three-year lease effective May 1, 2025, for
                                            an average monthly rent of $9,659.

24

Item
6. Exhibits

    EXHIBIT

    No.
     
    DESCRIPTION

    3.1
     
    Certificate of Change to the Articles of Incorporation, filed on March 14, 2025 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed on March 21, 2025)
  
    4.1
     
    Form of Inducement Warrant (incorporated by reference to Exhibit 4.1 to the Company’s Current Report on Form 8-K filed on February 28, 2025)
  
    10.2
     
    Form of Inducement Letter (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on February 28, 2025)
  
    31.1*
     
    Section 302 Certification of Chief Executive Officer