Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 49

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 49
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 any preferred stock then outstanding.

We have never declared or paid any cash dividends on our common stock. We have no present plan to declare and pay any dividends on our common stock in the near future. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. Any future determination to pay dividends will be at the discretion of our Board, subject to applicable laws, and will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that our Board considers relevant.

Preferred Stock

Our Articles of Incorporation authorizes the issuance of 10,000,000 shares of “blank check” preferred stock, par value $0.001 per share, of which there are 100 shares of Series A Preferred Stock, no shares of series B preferred stock (the Series B Preferred Stock) and 435,564 shares of Series C Preferred Stock issued and outstanding.

The Board may provide for the issue of any or all of the unissued and undesignated shares of the preferred stock in one or more series, and to fix the number of shares and to determine or alter for each such series, such voting powers, full or limited, or no voting powers, and such designation, preferences, and relative, participating, optional, or other rights and such qualifications, limitations, or restrictions thereof, as shall be stated and expressed in the resolution or resolutions adopted by the Board providing for the issuance of such shares and as may be permitted by law, without stockholder approval.

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Our Board has the right to establish one or more series of preferred stock without stockholder approval. Unless required by law or by any stock exchange on which our common stock is listed, the authorized shares of preferred stock will be available for issuance at the discretion of our Board without further action by our stockholders. Our Board is able to determine, with respect to any series of preferred stock, the terms and rights of that series, including:

| ● | the                                                                                                                                   
 designation of the series;                                                                                                            |
| ● | the                                                                                                                                   
 number of shares of the series;                                                                                                       |
| ● | whether                                                                                                                               
 dividends, if any, will be cumulative or non-cumulative and the dividend rate, if any, of the series;                                 |
| ● | the                                                                                                                                   
 dates at which dividends, if any, will be payable;                                                                                    |
| ● | the                                                                                                                                   
 redemption rights and price or prices, if any, for shares of the