Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 30

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 30
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 Further, our references to website URLs
are intended to be inactive textual references only.

| 14 |

Executive Offices

Our principal corporate office and manufacturing,
storage, and distribution facility is located at 2500 N. America Dr., West Seneca, NY 14224, U.S. while our secondary business address
and Canadian research and development (“R&D”) facility is located at 55G East Beaver Creek Rd., Richmond Hill, Ontario,
L4B 1E5, Canada. We additionally have a U.S.-based R&D facility located at 5232 N. 23rd St., Ozark, MO 65721.

Our main telephone number is (888) 554-8789, and our
main website is www.worksport.com. The contents of our website are not incorporated by reference into this prospectus.

Summary of Risks Associated with Our Business

Below is a summary of the numerous risks and uncertainties
that you should consider before investing in our Company. Readers are encouraged to read the risk described under the “Risk Factors”
section starting on page 17 of this prospectus as well as our other filings made with the SEC.

| ● | We have incurred losses in the past, our financial statements have been prepared on a going concern basis and we may be unable to achieve or sustain profitability in the future.                                                                                      |
| ● | We may need, but be unable, to obtain additional funding on satisfactory terms, which could dilute our stockholders or impose burdensome financial restrictions on our business.                                                                                       |
| ● | We may not succeed in establishing, maintaining and strengthening our brand, which would materially and adversely affect customer acceptance of our products and our business, prospects, financial condition, results of operations and cash flows.                   |
| ● | The U.S. Central Bank has provided forward-looking guidance of high interest rates for the near future.                                                                                                                                                                |
| ● | Continued uncertain economic conditions, including inflation and the risk of a global recession could impair our ability to forecast and may harm our business, operating results, including our revenue growth and profitability, financial condition and cash flows. |
| ● | We rely on two outsourced manufacturers for the production of our soft tonneau covers, which may hinder our ability to grow.                                                                                                                                           |
| ● | We rely on a small number of customers for the majority of our sales.                                                                                                                                                                                                  |
| ● | Our Chief Executive Officer and Chairman, Steven Rossi, has significant control over stockholder matters, and the minority stockholders will have