Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
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Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 3
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us for more
information.

We cannot predict when and in what amounts or if
the Warrants will be exercised. We have agreed to bear all of the expenses incurred in connection with the registration of the Warrant
Shares. The Selling Stockholder will pay or assume discounts, commissions, fees of underwriters, selling brokers or dealer managers
and similar expenses, if any, incurred for the sale of the Warrant Shares.

Steven Rossi, our founder and Chief Executive Officer,
currently owns 100% of our outstanding 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 The Nasdaq Stock Market LLC (“Nasdaq”). We do not plan to rely on these exemptions,
but we may elect to do so in the future. Please read “Prospectus Summary—Implications of Being a Controlled Company”for more information.

Our Common Stock is listed on The Nasdaq Capital Market
under the symbol “WKSP.” On March 26, 2025, the last reported sale price of our Common Stock, as reported by Nasdaq was $3.67
per share.

We are a “smaller reporting company,”
as defined under the federal securities laws and, as such, have elected to comply with certain reduced reporting requirements for this
prospectus and may elect to do so in future filings. See the section titled “Implications of Being a Smaller Reporting Company.”

Investing in our securities involves a high degree of risk. See “ Risk Factors” beginning on page 17 of this prospectus and under similar headings in the other documents that are incorporated by reference into this prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission (“SEC”) nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense. The securities are not being offered in any jurisdiction where the offer is not permitted.

<div align='center'>The date of this prospectus is _______________, 2025.

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Prospectus</div>

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