Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 62

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 62
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 and the broker-dealer’s presumed control over the market. Finally, among
other requirements, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information
on the limited market in penny stocks. As our Common Stock immediately following this offering may be subject to such penny stock rules,
purchasers in this offering will, in all likelihood, find it more difficult to sell their Common Stock shares in the secondary market.

Dividend Policy

We will not distribute cash to our Common Stock stockholders
until the Company generates net income. We currently intend to retain future earnings, if any, to finance the expansion of our business
and for general corporate purposes. We cannot assure you that we will distribute any cash in the future. Our cash distribution policy
is within the discretion of our Board and will depend upon various factors, including our results of operations, financial condition,
capital requirements and investment opportunities.

<div align='center'>EXPERTS</div>

The 2024 consolidated financial statements of Worksport
Ltd. included in Worksport Ltd.’s Annual Report on Form 10-K for the year ended December 31, 2024, have been audited by Lumsden
& McCormick, LLP, the independent registered public accounting firm for the Company, as set forth in their report thereon which is
incorporated herein by reference. Such financial statements have been incorporated by reference in reliance upon the report pertaining
to such financial statements of such firm given upon their authority as experts in accounting and auditing.

<div align='center'>LEGAL MATTERS</div>

Certain legal matters relating to the issuance of
the securities offered by this prospectus will be passed upon for us by Sichenzia Ross Ference Carmel LLP, New York, New York.

<div align='center'>WHERE YOU CAN FIND MORE INFORMATION</div>

We have filed a registration statement on Form S-1
(including the exhibits, schedules and amendments thereto) with the Securities and Exchange Commission under the Securities Act with respect
to the shares of our Common Stock offered by this prospectus. This prospectus is part of that registration statement and does not contain
all the information included in the registration statement.

For further information with respect to our Common
Stock and us, you should refer to the registration statement, its exhibits and the material incorporated by reference therein. Portions
of the exhibits have been omitted as permitted by the rules and regulations of the Securities and Exchange Commission. Statements made
in this prospectus as to