Company: WKSP
Filing Date: 2025-04-28
Form Type: DEF 14C
Source: 0001641172-25-006481
Chunk: 7

Company: Worksport Ltd
Filing Date: 2025-04-28
Form: DEF 14C
Chunk 7
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 and to accomplish business combinations opposed by the incumbent Board.

No Appraisal or Dissenters’ Rights

Under Nevada law, stockholders are not entitled to appraisal or dissenters’ rights in connection with the approval of the Increase in Authorized Shares.

Vote Required

Pursuant to the NRS and our Articles of Incorporation and Bylaws, the approval of the Increase in Authorized Shares requires the affirmative vote of the holders of a majority of the voting power of the Company’s outstanding shares of capital stock entitled to vote thereon. The holders of a majority of the voting power of the Company approved the Increase in Authorized Shares and Certificate of Amendment by written consent in accordance with NRS 78.320. No further action is required.

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The table below sets forth information regarding the beneficial ownership of the Common Stock by (i) our directors and named executive officers; (ii) all the named executives and directors as a group and (iii) any other person or group that to our knowledge beneficially owns more than five percent of our outstanding shares of Common Stock.

We have determined beneficial ownership in accordance with the rules and regulations of the SEC. These rules generally provide that a person is the beneficial owner of securities if such person has or shares the power to vote or direct the voting thereof, or to dispose or direct the disposition thereof or has the right to acquire such powers within 60 days. Shares of Common Stock subject to options that are currently exercisable or exercisable within 60 days of April 28, 2025, are deemed to be outstanding and beneficially owned by the person holding the options. Shares issuable pursuant to stock options or warrants are deemed outstanding for computing the percentage ownership of the person holding such options or warrants but are not deemed outstanding for computing the percentage ownership of any other person. Except as indicated by the footnotes below, we believe, based on the information furnished to us, that the persons and entities named in the table below will have sole voting and investment power with respect to all shares of Common Stock that they will beneficially own, subject to applicable community property laws. The percentage of beneficial ownership is based on 4,933,053 shares of Common Stock outstanding on April 28, 2025.

|                                           |     | Number             
 of Shares          
 Beneficially Owned |         |    |     |             |     |     | Beneficial            
 Ownership Percentages |      |   |     |