Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 173

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 173
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     2.00  
    December 31, 2026
  
    $7.40  
     770,026  
     4.72  
    September 20, 2029
  
    $4.00  
     190,000  
     4.73  
    September 21, 2029
  
    $5.20  
     1,295,000  
     4.91  
    November 26, 2029

     2,291,276  
     4.78  

The
average remaining contractual life of outstanding warrants that expire is 4.78 years.

Schedule
of Warrants Activity

    December
    31, 2024  
    December
    31, 2023 

    Number
    of
    warrants  
    Weighted
    average price  
    Number
    of
    warrants  
    Weighted
    average price 
  
    Balance,
    beginning of year 
     1,162,792  
    $24.20  
     393,992  
    $58.36 
  
    Issuance 
     2,402,815  
    $5.49  
     857,500  
    $10.94 
  
    Expired 
     (357,742) 
    $60.50  
     -  
    $- 
  
    Exercise 
     (916,589) 
    $(3.97) 
     (88,700) 
    $(0.001)
  
    Balance,
    end of period 
     2,291,276  
    $6.35  
     1,162,792  
    $24.21 

16.
Equity Compensation

Under
the Company’s 2015, 2021 and 2022 Equity Incentive Plans, the number of shares of common stock reserved for issuance under the
option plan shall not exceed 10% of the issued and outstanding shares of common stock of the Company, have a maximum term of 10 years,
and vest at the discretion of the Board of Directors.

    62

Worksport
Ltd.

Notes
to the Consolidated Financial Statements

December
31, 2024 and 2023

16.
Equity Compensation (continued)

All
equity-sett