Company: WKSP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023334
Chunk: 74

Company: Worksport Ltd
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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 Act of 1995, that involve risks and uncertainties. Forward-looking statements provide
current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical
or current fact. Forward-looking statements can also be identified by words such as “future,” “anticipates,”
“believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,”
“will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking
statements are not guarantees of future performance and actual results may differ significantly from the results discussed in the forward-looking
statements. All forward-looking statements in this Form 10-Q are made based on current expectations, forecasts, estimates and assumptions,
and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the
forward-looking statements. In evaluating these statements, various factors, uncertainties, and risks should be specifically considered
that could affect future results or operations. These factors, uncertainties and risks may cause actual results to differ materially
from any forward-looking statement set forth in this Form 10-Q. These risks and uncertainties described and other information contained
in the reports filed with or furnished to the SEC should be carefully considered before making any investment decision with respect to
the Company’s securities. The Company assumes no obligation to revise or update any forward-looking statements for any reason,
except as required by law.

Unless
otherwise stated, all information presented herein is based on the Company’s fiscal calendar, and references to particular years,
quarters, months or periods refer to the Company’s fiscal years ended December 31st and the associated quarters, months and periods
of those fiscal years. Each of the terms “Company” and “Worksport” as used herein refers collectively to Worksport
Ltd. and its subsidiaries, unless otherwise stated.

On
March 18, 2025, the Company effected a 1-for-10 reverse stock split of its common stock. All share and per share information has been
retroactively adjusted for all period presented.

The
following discussion should be read in conjunction with the Company’s Annual Report Form 10-K for the fiscal year ended December
31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 27,2025 and the condensed consolidated
financial statements and accompanying notes included in Part I, Item 1 of this Form 10-Q.

OVERVIEW

Worksport
Ltd