Company: WKSP
Filing Date: 2025-04-28
Form Type: DEF 14C
Source: 0001641172-25-006481
Chunk: 3

Company: Worksport Ltd
Filing Date: 2025-04-28
Form: DEF 14C
Chunk 3
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 the Company’s Bylaws, any action that can be taken at an annual or special meeting of stockholders may be taken without a meeting, without prior notice and without a vote, if the holders of outstanding stock having not less than the minimum number of votes that will be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted to consent to such action in writing. The approval of the Increase in Authorized Shares requires the affirmative vote or written consent of a majority of the voting power of the issued and outstanding shares of stock. Each holder of Common Stock is entitled to one vote per share of Common Stock held of record. Steven Rossi, our Chief Executive Officer, President and Chairman of our Board holds 100 shares of Series A Preferred Stock, representing 100% of our outstanding Series A Preferred Stock. The Series A Preferred Stock votes together with the Common Stock on all matters, except as prohibited by law, and is entitled to 51% of the voting of the Common Stock, regardless of how many shares of Series A Preferred Stock is outstanding. Mr. Rossi, as the Majority Stockholder, approved the Increase in Authorized Shares on April 17, 2025 by written consent in lieu of a stockholders’ meeting.

On the Record Date, the Company had 4,933,053 shares of Common Stock issued and outstanding, with the holders thereof being entitled to cast one vote per share. On the Record Date, the Company had 100 shares of Series A Preferred Stock issued and outstanding, with the holder thereof being entitled to 51% of the voting of the Common Stock, regardless of how many shares of Series A Preferred Stock is outstanding. On April 17, 2025, the Majority Stockholder adopted resolutions approving the Increase in Authorized Shares.

<div align='center'>CONSENTING STOCKHOLDER</div>

On April 17, 2025, the Majority Stockholder, Steven Rossi, our Chief Executive Officer, President and Chairman of our Board, being the record holder of 252,588 shares of Common Stock and 100 shares of our Series A Preferred Stock, which entitles the holder to 51% of the voting of the Common Stock, regardless of how many shares of Series A Preferred Stock is outstanding, adopted resolutions approving the Increase in Authorized Shares. The voting power held by the Majority Stockholder represented approximately 53.5% of the total voting power of all issued and outstanding stock of the Company as of the Record Date.

We are not seeking written consent from