Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 84

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 84
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 prevent a change in control of our Company or otherwise discourage a potential acquirer from attempting to obtain control of our Company, which in turn could reduce the price of our stock. In addition, Mr. Rossi could use his voting influence to maintain our existing management and directors in office, delay or prevent changes in control of our Company, or support or reject other management and Board proposals that are subject to stockholder approval, such as amendments to our employee stock plans and approvals of significant financing transactions.] [include?]

You will experience immediate and substantial dilution in the book value per share of the common stock you purchase in the offering.

The shares of common stock in this offering, if any, will be sold from time to time at various prices. The offering price per share of common stock in this offering may exceed the net tangible book value per share of our common stock outstanding prior to this offering. After giving effect to the sale of shares of our common stock in the aggregate amount of $[●],000 in this offering at an assumed public offering price of $2.155 per share (which was the last reported sale price of shares of our common stock on the Nasdaq Capital Market on November 13, 2025), and after deducting estimated offering expenses and after deducting sales agent commissions payable by us, our as adjusted net tangible book value as of September 30, 2025 would have been approximately $22.6 million or approximately $2.97 per share of common stock.

Management will have broad discretion as to the use of the net proceeds from this offering, and we may not use the proceeds effectively.

Our management will have broad discretion as to the application of the net proceeds from this offering and could use them for purposes other than those contemplated at the time of this offering. Our stockholders may not agree with the manner in which our management chooses to allocate and spend the net proceeds. Moreover, our management may use the net proceeds for corporate purposes that may not positively impact our results of operations or increase the market value of our common stock. Our failure to apply these funds effectively could have a material adverse effect on our business, delay the development of our products and/or cause the price of our common stock to decline.

If we raise additional capital in the future, your ownership in us could be diluted.

In order to raise additional capital, we may at any time, including during this offering, offer additional shares of common stock or other securities convertible into or exchangeable for our common stock at prices that may not be the same as the