# EDGAR Filing Document

**Accession Number:** 0001096275
**File Stem:** 0001493152-26-016482
**Filing Date:** 2026-4
**Character Count:** 16785
**Document Hash:** 90c121e639d554f73e8cfb4bb45f704f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-016482.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0001493152-26-016482

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260413

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Worksport Ltd
- **CENTRAL INDEX KEY:** 0001096275
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 650782227
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40681
- **FILM NUMBER:** 26859246

**BUSINESS ADDRESS:**
- **STREET 1:** 2500 N AMERICA DR.
- **CITY:** WEST SENECA
- **STATE:** NY
- **ZIP:** 14224
- **BUSINESS PHONE:** 1-888-554-8789

**MAIL ADDRESS:**
- **STREET 1:** 2500 N AMERICA DR.
- **CITY:** WEST SENECA
- **STATE:** NY
- **ZIP:** 14224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Worksport, Ltd
- **DATE OF NAME CHANGE:** 20200702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Franchise Holdings International, Inc.
- **DATE OF NAME CHANGE:** 20090512

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TMANGLOBAL COM INC
- **DATE OF NAME CHANGE:** 19991005

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **<u>April 13, 2026</u>**

**<u>WORKSPORT LTD.</u>**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-40681** | **35-2696895** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

**2500 N America Dr**

**<u>West Seneca, New York 14224</u>**

(Address of principal executive offices) (ZIP Code)

**<u>(888) 554-8789</u>**

Registrant's telephone number, including area code

**<u>Not Applicable</u>**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbols** | **Name of each exchange on which registered** |
| Common | WKSP | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 3.02 Unregistered Sales of Equity Securities.**

On April 13, 2026, Worksport Ltd. (the "Company") issued to its Chief Executive Officer, Steven Rossi, 88,214 shares of the Company's common stock, par value $0.001 per share (the "Common Stock"), at a deemed price of $0.8502 per share, representing the closing price of the Company's Common Stock on the Nasdaq Capital Market on April 10, 2026, for an aggregate value of $75,000.

The shares were issued in satisfaction of previously accrued and unpaid bonus compensation owed to Mr. Rossi and were approved by the Company's Board of Directors.

The issuance of the shares was effected in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.

**Item 7.01 Regulation FD Disclosure.**

On April 14, 2026, the Company issued a press release announcing that its Chief Executive Officer elected to receive shares of the Company's common stock in lieu of cash compensation. A copy of the press release is furnished herewith as Exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release, dated April 14, 2026](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **WORKSPORT LTD.** | **WORKSPORT LTD.** |
| Date: April 14, 2026 | By: | */s/ Steven Rossi* |
|  | Name: | Steven Rossi |
|  | Title: | Chief Executive Officer<br> (Principal Executive Officer) |

---

 ****

## Exhibit 99.1

**Exhibit 99.1**

***Worksport Ltd. Announces CEO Acquires Stock, Reinforcing Confidence in Long-Term Strategy***

 ****

*Founder & CEO acquires 88,214 shares at $0.8502, citing belief in operational progress, margin expansion, and path to cash-flow positivity*

 

West Seneca, New York, April 14, 2026 — Worksport Ltd. (NASDAQ: WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, overlanding, and consumer goods markets, today announced that its Founder and Chief Executive Officer, Steven Rossi, acquired **88,214 shares** of the Company's common stock at a deemed purchase price of **$0.8502,** the closing price of the Company's common stock on Friday, April 10, 2026, in satisfaction of previously accrued cash compensation, representing an **aggregate value of $75,000.** The issuance of such shares was made pursuant to a stock purchase agreement, dated April 13, 2026.

This transaction underscores management's confidence in Worksport's fundamental value, bolstered by a year of record revenue growth, significant margin expansion, and a clear path toward operational cash-flow positivity in the second half of 2026.

The **CEO's acquisition of additional shares follows a year of significant operational progress** and continued investment into Worksport's asset base, including:

● **Net Sales Growth:** From ~$1.5 million (2023) to $8.5 million (2024), and $16.1 million (2025), with a forecast of $35 to $42 million in 2026

● **Manufacturing & Asset Value:** A U.S.-based production facility in New York, **appraised** at approximately **$9 million in 2024**, alongside continued investment in production equipment and infrastructure supporting scaled output

● **Strategic Inventory Positioning:** As of December 31, 2025, the Company held approximately **$9.5 million in inventory** to support anticipated demand and minimize supply chain volatility

● **Intellectual Property (IP) Portfolio:** A growing global footprint consisting of approximately **25** utility patents, **50** design patents and registrations, and **44** registered trademarks and **97** pending IP applications.

● **Gross Margin Expansion:** From ~11% in Q4 2024 to approximately ~30% in Q4 2025

● **Dealer Network Expansion:** From under 100 to over 550 locations across North America

● **Product Commercialization:** Launch of SOLIS, COR, AL4, and HD3 in 2025, with an additional next-generation product expected in Q2 2026

The Company has indicated that, at approximately **$9–11 million in quarterly revenue at targeted margin levels**, it expects to reach **operational cash-flow positivity**, a milestone it is actively pursuing in fiscal 2026

**CEO Commentary**

"The decision to increase my personal stake in Worksport by **nearly 1%** of the total outstanding stock reflects my **unwavering belief** in our team's execution and the intrinsic value of our assets," said Steven Rossi.

"Over the past two years, we have transformed the business - scaling revenue, expanding margins, building a national dealer network, and bringing multiple products to market. While the share price has recently experienced pressure, I believe it does not fully reflect the underlying progress we have made or the momentum we are building. **Worksport management maintains its position that the company's market valuation is undervalued**.

He continued: "We have invested meaningfully to establish the foundation of this company. With that foundation now largely in place, our focus is on execution - driving revenue growth, expanding distribution, and progressing toward operational cash-flow positivity. I remain highly confident in our strategy and the long-term opportunity ahead."

**Upcoming Catalysts and Innovation Pipeline**

Worksport enters fiscal 2026 with multiple growth drivers in motion:

● **Core Tonneau Cover Business**: A now matured product lineup (including AL4 and HD3) positioned to scale across both direct-to-consumer and B2B channels.

○ **"Game Changer" Product**: The Company expects to debut a next-generation hard cover in early Q2 2026, featuring patented capabilities designed to capture significant market share.

● **Distribution Expansion**: Targeting significant dealer growth and broader national distribution partnerships

○ New large scale distribution partnerships are expected within 2026.

● **SOLIS & COR Commercialization**: Recently launched solar-integrated tonneau cover and portable energy storage system, with initial revenue contribution expected to build through 2026

○ Business-to-Business marketing and sales partnerships are being developed and deployed within 2026.

● **OEM & Strategic Partnerships**: Ongoing engagement with automotive manufacturers and commercial partners

○ Following factory ISO certification in 2025, new partnerships are being focused on with OEMs in 2026.

● **Terravis Energy (AetherLux)**: Innovative cold-climate heat pump with industry leading performance, representing a longer-term clean energy opportunity

○ Commercial certification is expected within 2026.

Management has emphasized that fiscal 2026 represents a transition from **investment and buildout** to **monetization and operating leverage**, supported by improving margins and a scalable manufacturing base.

**Long-Term Focus, Near-Term Milestones**

Worksport continues to target:

● **$35–$42 million in revenue for fiscal 2026** 

● **~35% gross margin profile** 

● **Operational cash-flow positivity within the year** 

The CEO's acquisition is aligned with these objectives and reflects a continued focus on disciplined execution, capital efficiency, and long-term shareholder value creation.

Stay tuned for more information and join our mailing list to stay up to date with the latest: <u>Join Worksport's Newsletter</u>

**Contacts**

Investor Relations, Worksport Ltd. **T: 1 (888) 554-8789-128**

W: <u>investors.worksport.com</u> W: <u>www.worksport.com</u> E: <u>investors@worksport.com</u>

**Connect with Worksport Chief Executive Officer, Steven Rossi**

<u>Steven Rossi X (Twitter)</u>

Steven Rossi LinkedIn

**About Worksport**

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is <u>terravisenergy.com</u>.

**Connect with Worksport**

Please follow the Company's social media accounts on <u>X (previously Twitter)</u>, <u>Facebook</u>, <u>LinkedIn</u>, <u>YouTube</u>, and <u>Instagram</u>, the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at <u>investors.worksport.com</u>.

**Social Media Disclaimer**

The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

**Forward-Looking Statements**

The information contained herein may contain "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at <u>www.sec.gov</u>. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.