Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 5

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 5
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 statement in the later-dated document will modify or supersede the earlier statement.

Neither the delivery of this prospectus nor any distribution
of Common Stock pursuant to this prospectus shall, under any circumstances, create any implication that there has been no change in the
information set forth or incorporated by reference into this prospectus or in our affairs since the date of this prospectus. Our business,
financial condition, results of operations, and prospects may have changed since such date.

We effected a 1:10 reverse stock split on March 18,
2025. Unless otherwise indicated, all share and per share information in this prospectus have been retroactively adjusted to reflect the
Split. Our consolidated financial statements and the notes thereto incorporated herein by reference does not reflect the Split.

Unless the context indicates otherwise, the terms
“Worksport,” “Company,” “we,” “us,” and “our” refer to Worksport Ltd., a Nevada
corporation, and its subsidiaries.

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<div align='center'>PROSPECTUS SUMMARY</div>

This summary provides a brief overview of the key aspects of our business and our securities. The reader should read the entire prospectus carefully, especially the risks of investing in our Common Stock discussed under “Risk Factors.” Some of the statements contained in this prospectus, including statements under “Prospectus Summary” and “Risk Factors” as well as those noted in the documents incorporated herein by reference, are forward-looking statements and may involve a number of risks and uncertainties. Our actual results and future events may differ significantly based on a number of factors. The reader should not put undue reliance on the forward-looking statements in this document, which speak only as of the date on the cover of this prospectus.

Overview

Worksport Ltd., through its subsidiaries, designs,
develops and manufactures innovative products across the automotive accessories, consumer electronics and HVAC sectors. Worksport protects
its innovations through a growing intellectual property (“IP”) portfolio with patents and trademarks relating to, among other
things, tonneau covers, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems,
residential heating and cooling systems (heat pumps) and electric vehicle charging stations. Worksport seeks to provide consumers with
next-generation automotive accessories through the production of its soft and hard folding tonneau covers for light trucks, with recent launches including the AL3 and AL4 models and a new HD3 cover launching in Spring 2025. Our energy products,