Company: WKSP
Filing Date: 2025-10-20
Form Type: PRE 14A
Source: 0001493152-25-018681
Chunk: 6

Company: Worksport Ltd
Filing Date: 2025-10-20
Form: PRE 14A
Chunk 6
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 other holders of record, you will receive proxy materials, together with voting instructions and information regarding the consolidation of your votes, from the third party or parties through which you hold your shares. If you are a stockholder of record and hold additional shares in street name, you will receive proxy materials from BetaNXT and the third party or parties through which you hold your shares.

Q: What are the quorum requirements for the Annual Meeting?

A: The presence at the Annual Meeting, in person or by proxy, of holders having a majority of the total votes entitled to be cast by holders of Worksport common stock at the Annual Meeting constitutes a quorum. Shares of Worksport common stock represented by proxy will be treated as present at the Annual Meeting for purposes of determining whether there is a quorum, without regard to whether the proxy is marked as casting a vote or abstaining.

Q: What matters will stockholders vote on at the Annual Meeting?

A: Stockholders will vote on the following proposals:

| ● 
 ● | Proposal                                                                                                                          
 1—to elect Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol and Ned L. Siegel to the Board, each as a member          
 of the Board until the Company’s 2026 annual stockholder meeting or until their respective successor shall have been duly elected 
 and qualified (or, if earlier, such director’s removal or resignation from the Board);                                            
 Proposal                                                                                                                          
 2—to ratify the appointment of Lumsden & McCormick, LLP as the independent auditor of the Company for the fiscal year             
 ending December 31, 2025; and                                                                                                     |
|:--|:----------------------------------------------------------------------------------------------------------------------------------|
| ● | Proposal                                                                                                                          
 3—to approve and ratify certain non-plan stock option grants previously approved by the Board in accordance with Nasdaq           
 Listing Rule 5635(c).                                                                                                             |
| ● | Proposal                                                                                                                          
 4—to approve amendments to the Worksport Ltd. 2022 Equity Incentive Plan to (i) change the evergreen formula from an annual       
 increase to a quarterly increase, and (ii) increase the evergreen percentage from 15% to 18% of the Company’s outstanding common  
 stock, as determined on the last day of each calendar quarter.                                                                    |
| ● | Proposal                                                                                                                          
 5—to approve the adjournment of the Annual Meeting, to permit further solicitation of proxies, if necessary or appropriate.       |

| 5 |

Q: What are my voting