Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 6

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 6
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 including the SOLIS solar-integrated tonneau cover and COR energy storage system, are designed to convert a pickup truck into a mobile microgrid power station. The COR system features modular, swappable batteries and a built-in inverter capable of delivering up to 3000W of power, with seamless hot-swap functionality and Bluetooth integration. Worksport’s subsidiary, TerraVis Energy, is poised to revolutionize the local and global markets
for efficient home and commercial heat pumps through its groundbreaking TerraVis Energy Aetherlux. The AetherLux has demonstrated groundbreaking
performance in cold climates, operating in temperatures as low as -57°F and eliminating defrost cycles, a common drawback of conventional
heat pumps.

Corporate History

The Company was incorporated in the State of Nevada
on April 2, 2003 under the name Franchise Holdings International, Inc. (“FNHI”). In December 2014, FNHI acquired 100% of the
outstanding equity of Worksport Ltd.., an Ontario corporation formed in 2011 (“Worksport Ontario”), pursuant to which Worksport
Ontario became a wholly-owned subsidiary of FNHI. In May 2020, FNHI changed its name to Worksport Ltd.

On May 21, 2021, the Board of Directors (“Board”)
authorized the submission of a Certificate of Amendment to the Nevada Secretary of State in which the Company sought to affect a reverse
split of its common stock at the rate of 1-for-20 for the purpose of increasing the per share price for the Company’s stock in an
effort to meet the minimum listing requirements of Nasdaq. The Certificate of Change was submitted to the Nevada Secretary of State on
May 21, 2021, and the Financial Industry Regulatory Authority (“FINRA”) corporate action was announced on August 3, 2021.
FINRA declared the 1-for-20 reverse stock split effective on August 4, 2021.

TerraVis Energy Inc. (“TerraVis”) was
incorporated in the State of Colorado on May 24, 2021. On August 20, 2021, the Company was issued 100 shares of Common Stock at par value
of $0.0001 per share. On January 20, 2022, TerraVis issued an additional 9,999,900 shares of Common Stock to Worksport Ltd.. at a par
value of $0.0001. On November 4, 2022, Steven Rossi