Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 58

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 58
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 of which 4,795,554 shares were issued and outstanding,
and 1,000,000 shares of preferred stock, par value $0.0001 per share, of which 100,100 have been designated as Series A Preferred
Stock, with 100 shares of Series A Preferred Stock are issued and outstanding and 100 shares have been designated as
Series B Preferred Stock, with none issued and outstanding. The holders of the Series A Preferred Stock are not entitled
to dividends or to receive distributions in the event of liquidation, dissolution or winding up of the Company, either voluntary or involuntary.
As of the date of this prospectus, there were 100 shares of Series A Preferred Stock outstanding, all of which were owned by Steve Rossi,
our Chief Executive Officer and President and Chairman.

In addition, as of March 27, 2025, there were 3,383,629
shares of Common Stock underlying outstanding options, warrants, restricted stock units and performance stock units. The authorized and
unissued shares of Common Stock and preferred stock are available for issuance without further action by our stockholders.

Common Stock

Each stockholder of our Common Stock is entitled to
one vote for each share issued and outstanding held on all matters to be voted upon by the stockholders. Our shares of Common Stock have
no preemptive, conversion or redemption rights. The rights, preferences and privileges of the holders of Common Stock are subject to,
and may be adversely affected by, the rights of the holders of shares of any series of preferred stock. Upon the sale of substantially
all of our stock or assets or dissolution, liquidation or winding up, and after all liquidation preferences payable to any series of preferred
stock entitled thereto have been satisfied, our remaining assets shall be distributed to all holders of Common Stock and any similarly
situated stockholders who are not entitled to any liquidation preference or, if there be an insufficient amount to pay all such stockholders,
then ratably among such holders. All of our issued and outstanding shares of Common Stock are fully paid and nonassessable. The holders
of shares of our Common Stock will be entitled to such cash dividends as may be declared from time to time by our Board of Directors from
funds available therefor.

Our Common Stock is listed The Nasdaq Capital Market
under the symbol “WKSP.” Our transfer agent and registrar is Vstock Transfer, LLC, 18 Lafayette Place, Woodmere, NY 11598.
Their telephone number is