Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 15

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 15
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 Price
Rule by October 16, 2024, we may be eligible for an additional 180-day period to regain compliance if we meet all of the other Nasdaq
listing criteria and if Nasdaq does not believe we will not be able to regain compliance within such 180-day period. If we cannot regain
compliance during the Compliance Period or any subsequently granted compliance period, our common stock will be subject to delisting.

Our common stock continues to be listed on The Nasdaq
Capital Market under the symbol “WKSP.”

We effected the Split on March 18, 2025 in order for us to regain compliance with the minimum bid requirement under Nasdaq Listing Rule 5550(a)(2).

Business Developments

The following highlights recent material developments
in our business:

| ● 
 ● | On February 13, 2025, we announced a strategic partnership with KULR Technology Group, Inc. (NASDAQ: KULR), focused on advancing battery technology and strengthening domestic manufacturing, including, without limitation, joint battery pack development, thermal runaway protection and AI-integrated battery management system software design.                                                                               
 On February 11, 2025, Worksport announced two major breakthroughs cold climate heat pump technology developed by its subsidiary, Terravis Energy. These breakthroughs eliminate the need of defrost cycles, a common heat pump drawback, and allow the heat pump (the AetherLux heat pump system) to operate in temperatures as low as -57°F, which is lower than the operating capabilities of commercially available heat pumps. |
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| ● | On January 28, 2025, we executed an agreement to appoint Coinbase as the official custodian for our cryptocurrency holdings.                                                                                                                                                                                                                                                                                                       |
| ● | On January 22, 2025, our subsidiary Terravis Energy announced two major technological advancements in heat pump technology, with commercial product launches anticipated in 2025.                                                                                                                                                                                                                                                  |
| ● | On December 6, 2024, we announced a collaboration with Fox Business Network, which provided a live showcase of our upcoming product innovations. The event featured our SOLIS Solar Tonneau Cover, COR Battery Generator, and latest premium tonneau covers, generating substantial media exposure and reinforcing brand visibility among potential investors, customers, and industry stakeholders.                               |
| ● | On December 5, 2024, we announced our decision to integrate Bitcoin and Ripple into our corporate treasury strategy, providing a hedge against inflationary risks