Company: WKSP
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001493152-25-023663
Chunk: 82

Company: Worksport Ltd
Filing Date: 2025-11-14
Form: S-3
Chunk 82
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 a smaller reporting company.

We have elected to take advantage of certain of the reduced disclosure obligations in the registration statement of which this prospectus is a part and may elect to take advantage of other reduced reporting requirements in future filings. As a result, the information that we provide to our stockholders may be different from what you might receive from other public reporting companies in which you hold equity interests.

| S-2 |

Implications of Being a Controlled Company Steven Rossi, our founder and Chief Executive Officer, currently owns 100% of our outstanding series A preferred stock, par value 0.001 per share (the “Series A Preferred Stock”), which entitles him to 51% of the voting power of our outstanding voting equity. As a result, we currently meet the definition of a “controlled company” under the corporate governance standards for Nasdaq-listed companies, and for so long as we remain a controlled company under this definition, we are eligible to utilize certain exemptions from the corporate governance requirements of Nasdaq. For so long as we are a controlled company under that definition, we are permitted to elect to rely, and may rely, on certain exemptions from corporate governance rules, including:

| ● | an                                                                                                                                   
 exemption from the rule that a majority of our Board must be independent directors;                                                  |
| ● | an                                                                                                                                   
 exemption from the rule that the compensation of our Chief Executive Officer must be determined or recommended solely by independent 
 directors; and                                                                                                                       |
| ● | an                                                                                                                                   
 exemption from the rule that our director nominees must be selected or recommended solely by independent directors.                  |

As a result, you will not have the same protection afforded to stockholders of companies that are subject to these corporate governance requirements. Although we do not intend to rely on the “controlled company” exemption under the Nasdaq listing rules, we could elect to rely on this exemption in the future. If we elected to rely on the “controlled company” exemption, a majority of the members of our Board might not be independent directors and our nominating and corporate governance and compensation committees might not consist entirely of independent directors.

| S-3 |

THE OFFERING

| Common                                                     
 stock offered by us pursuant to this prospectus supplement |     | Shares                                                                                                                             
 of our common stock having an aggregate offering price of up to $4,000,000.                                                        |
| Common                                                     
 stock to be outstanding after this offering                |     | Up                                                                                                                                 
 to 10,110,537 shares (as more fully described in the notes