Company: WKSP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023334
Chunk: 67

Company: Worksport Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 Warrants Exercise Price 

    Exercise price  
    Number  outstanding  
    Remaining Contractual  Life (Years)  
    Expiry date
  
    $40.00  
     30,000  
     1.50  
    12/31/2026
  
    $7.40  
     770,026  
     4.23  
    9/20/2029
  
    $4.00  
     190,000  
     4.23  
    9/21/2029
  
    $6.50  
     1,424,500  
     5.16  
    8/27/2030
  
    $4.50  
     49,335  
     2.96  
    6/13/2028

     2,463,861  
     4.71  

The
average remaining contractual life of outstanding warrants that expire is

Schedule
of Warrants Activity 

    June
    30, 2025  
    December
    31, 2024 

    Number
    of
 warrants  
    Weighted

    average price  
    Number
    of
 warrants  
    Weighted

    average price 
  
    Balance,
    beginning of year 
     2,291,276 
    $6.35 
     1,162,792  
    $24.20 
  
    Issuance 
     1,473,835  
    $6.43  
     2,402,815  
    $5.49 
  
    Expired 
     (6,250) 
    $24.00  
     (357,742) 
    $60.50 
  
    Exercise 
     (1,295,000) 
    $5.20  
     (916,589) 
    $(3.97)
  
    Balance,
    end of period 
     2,463,861  
    $6.96  
     2,291,276  
    $6.35 

    17

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