Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 54

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 54
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 under the Exchange Act is determined
based on the rules and regulations set forth by the SEC. Specifically, beneficial ownership is calculated by taking into account not only
shares of stock directly held by an individual or entity, but also shares that the individual or entity has the right to acquire within
60 days through the exercise of any option, warrant, or right, or through the conversion of a convertible security. This encompasses shares
over which the individual or entity has sole or shared voting or investment power. The rules are designed to provide a comprehensive understanding
of an individual’s or entity’s potential influence over a company by including both direct holdings and those shares that
can be acquired in the near term.

The table below lists the Selling Stockholders and
other information regarding the beneficial ownership of the shares of Common Stock by the Selling Stockholders. The second column lists
the number of shares of Common Stock beneficially owned by the Selling Stockholders, based on its ownership of the shares of Common Stock,
Warrants, and other warrants, as of March 27, 2025, assuming the exercise of the Warrants held by the Selling Stockholders on that date,
without regard to any limitations on exercises. The third column lists the Warrant Shares offered by this prospectus by the Selling Stockholders.
The fourth and fifth columns assume the sale of all of the shares offered by the Selling Stockholders pursuant to this prospectus.

In accordance with the terms of the Inducement Letter
with the Selling Stockholders, this prospectus generally covers the resale of the maximum number of shares of Common Stock issuable upon
exercise of the Warrants.

Under the terms of the Warrants, a Selling Stockholders
may not exercise the warrants to the extent such exercise would cause such Selling Stockholders, together with its affiliates and attribution
parties, to beneficially own a number of shares of Common Stock which would exceed 4.99% or 9.99%, as applicable, of our then outstanding
Common Stock following such exercise, excluding for purposes of such determination shares of Common Stock issuable upon exercise of such
Warrants which have not been exercised. The number of shares in the table below does not reflect this limitation. The Selling Stockholders
may sell all, some or none of their shares in this offering. See “Plan of Distribution.”

| 28 |

| Name of Selling Stockholders |     | Shares Owned prior to Offering |           |    |     | Shares          
 Offered by      
 this Prospectus |           |    |