Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 46

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 46
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 us to risks of cyberattacks, fraud, or technical failures, potentially resulting in financial losses or reputational
damage. The limited familiarity of consumers and institutions with digital assets may also hinder adoption and increase operational costs,
while evolving tax obligations and reporting requirements related to digital asset transactions might create additional issues and risks
relating to compliance. These factors may negatively affect our business, financial condition and results of operations.

Risks Related to this Offering

We may not receive any proceeds from the exercise of the Warrants, and if we do, our management will have broad discretion in the use of any such proceeds.

We will not receive any proceeds from the resale of shares of our common stock by the Selling Stockholder pursuant to this prospectus. There is no assurance that any of the Warrants will be exercised, and they may expire unexercised or be exercised on a cashless basis, in which case we would receive limited or no proceeds. If we do receive any proceeds from the exercise of the Warrants, our management will have broad discretion over the use of such proceeds. These proceeds may be used for general corporate purposes, including working capital, and may not be used in ways that enhance stockholder value. Our failure to apply any such proceeds effectively could adversely affect our business, financial condition, and results of operations, and could cause the market price of our common stock to decline.

Investors in this offering may experience future dilution as a result of this and future securities offerings.

In order to raise additional capital, we may in the future offer additional shares of Common Stock or other securities convertible into or exchangeable for our Common Stock. Investors purchasing other securities of ours in the future could obtain rights superior to those of existing investors, and the price per share at which we sell additional shares of our Common Stock or other securities convertible into or exchangeable for our Common Stock in future transactions may be higher or lower than the price of the Securities.

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A sale of a substantial number of shares of our common stock by the Selling Stockholder could cause the price of our common stock to decline.

The shares of our common stock that may be resold
by the Selling Stockholder will represent a significant amount of the total outstanding shares of our common stock as of March
27, 2025, after taking into effect the full exercise of the Warrants. Following (i) the effectiveness of the registration statement of
which this prospectus forms a part, and (ii) the receipt of stockholder approval with regard to the issuance of