Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 571

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9
Chunk 571
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 and training to employees relating to our accounting policies and procedures.

    ●
    Further developing and
    documenting detailed policies and procedures regarding business processes for significant accounts, critical accounting policies
    and critical accounting estimates.

    ●
    Establishing effective
    general controls over IT systems to ensure that information produced can be relied upon by process level controls is relevant and
    reliable.

We
expect to remediate these material weaknesses in the second quarter of 2025 and beyond. However, we may discover additional material
weaknesses that may require additional time and resources to remediate.

Attestation
Report on Internal Control over Financial Reporting.

This
Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm due to the deferral
allowed for smaller reporting companies.

Changes
in Internal Control over Financial Reporting

Other
than with respect to the remediation efforts discussed above, there was no change in our internal control over financial reporting that
occurred during the fourth quarter of 2024 that has materially affected, or is reasonably likely to materially affect, our internal control
over financial reporting.

ITEM
9B. OTHER INFORMATION

During
the year ended December 31, 2024, no director or officer adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule
10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

The Company has adopted an insider trading
policy governing the purchase, sale, and/or other dispositions of the Company’s securities by directors, officers and employees,
or the registrant itself, that have been designed to promote compliance with insider trading laws, rules and regulations, and Nasdaq’s
listing standards.

ITEM
9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

None.

67

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

Set
forth below is a list of the names, ages and positions of our executive officers and directors as of March 27, 2025:

    Name:
     
    Age
     
    Position(s):
     
    Director
    or Executive Officer Since:
  
    Steven Rossi
     
    39
     
    Chief
        Executive Officer, President, Secretary, Chair of the Board of Directors
    (Principal
    Executive Officer)