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Worksport Ltd - WKSPW STOCK NEWS

Welcome to our dedicated news page for Worksport (Ticker: WKSPW), a resource for investors and traders seeking the latest updates and insights on Worksport.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Worksport's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Worksport's position in the market.

News
WORKSPORT ANNOUNCES RECEIPT OF SOLAR PANELS REQUIRED TO BEGIN PRODUCTION OF HIGHLY ANTICIPATED SOLIS SOLAR TONNEAU COVER
Rhea-AI Summary
Worksport (NASDAQ: WKSP) announces the arrival of custom solar panels to begin production of the SOLIS Solar Tonneau Cover, a revolutionary product integrating solar technology into truck bed covers. The Company aims to launch this summer, aligning with its mission of merging automotive accessories with renewable energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
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News
WORKSPORT ANNOUNCES PRICING OF APPROXIMATELY $2.8 MILLION REGISTERED DIRECT OFFERING & CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES
Rhea-AI Summary
Worksport (WKSP) announces a securities purchase agreement with an institutional investor to buy 3,850,132 shares of common stock and warrants in a registered direct offering. The Company will also issue warrants to purchase up to 7,700,264 shares. The offering price is $0.74 per share, with gross proceeds estimated at $2.8 million. The warrants become exercisable after six months, expire in five and a half years, and have an exercise price of $0.74 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-37.57%
Tags
offering
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News
Worksport to Advance Power Electronics with Gallium Nitride Semiconductors, improving on Silicone-Based Technology
Rhea-AI Summary
Worksport Ltd. (WKSP) announces the integration of Gallium Nitride (GaN) semiconductors in its products, aiming to revolutionize the power electronics industry. By partnering with Infineon Technologies AG, Worksport plans to enhance efficiency, performance, and reliability through GaN technology, offering cutting-edge solutions for the automotive sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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none
News
Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford.
Rhea-AI Summary
Worksport Ltd. (WKSP) announces the upcoming launch of its SOLIS Solar Cover and COR Battery System for pickup trucks. The products aim to provide off-grid power solutions for outdoor enthusiasts and offer potential partnerships with major vehicle manufacturers like Ford, General Motors, Hyundai, and potentially Tesla. The innovative SOLIS and COR duo targets a large market, including light trucks and users in military, law enforcement, and first responders. Worksport also plans to expand its product compatibility to include Tesla Cybertruck and other truck brands. The Company's COR Portable Energy Storage System is set to revolutionize the market with its versatile recharge options and innovative features, positioning Worksport as a key player in the mobile battery power generator industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.55%
Tags
partnership
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News
Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada
Rhea-AI Summary
Worksport Ltd. (WKSP) partners with Dix Performance North, Canada's top aftermarket car and truck wholesaler, to distribute its covers, expecting significant sales growth and revenue increase. The partnership aims to make Worksport's products widely available in Canada, following a successful appearance at a prestigious automotive show.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
partnership
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News
Worksport Announces SOLIS Solar Cover Availability for Ford F-150 Lightning, Pioneering Sustainable Off-Grid Energy Solutions for EV Pickup Trucks
Rhea-AI Summary
Worksport Ltd. (WKSP) announces the development of a SOLIS solar cover for the Ford F-150 Lightning, aiming to integrate it with the vehicle's charging system for off-grid use. Preliminary estimates suggest up to 10 miles range increase. Worksport also plans to offer a SOLIS and COR battery bundle for clean energy utilization, with the COR Battery undergoing testing for an Alpha Launch.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.38%
Tags
none
News
Worksport Completes Production of First 1,100 AL3PRO Hard folding Covers compatible with Ford, General Motors, Stellantis, Nissan, and Toyota Trucks
Rhea-AI Summary
Worksport Ltd. (Nasdaq: WKSP) completes production of 1,100 AL3PRO Hard Folding Tonneau Covers at its NY facility. The covers are made of 90%+ domestically sourced materials and are suitable for various truck models. Worksport plans to sell them on major platforms like Walmart and Amazon. The Company is also working on SOLIS Solar Cover and COR Battery System.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.53%
Tags
none
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News
Infineon and Worksport collaborate to reduce weight and cost of portable power stations with GaN
Rhea-AI Summary
Infineon Technologies AG announces collaboration with Worksport Ltd. to use GaN power semiconductors in portable power stations, reducing weight, size, and system costs. Worksport's COR battery system to be integrated into pickup trucks and recharged by solar panels or wall outlets. GaN technology expected to reduce CO2 emissions in manufacturing process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.93%
Tags
none
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News
Worksport Reports 2,050% Increase in Q4 2023 YOY Revenue, Following a 2,400% YOY Q3 Revenue Advance
Rhea-AI Summary
Worksport Ltd. (Nasdaq:WKSP) reports a 2,050% YOY revenue increase in Q4 FY2023, reaching US$839,690. The company also experienced an 83% increase in North American revenues from Q3 to Q4 2023. Worksport anticipates continued revenue growth into 2024, with a focus on expanding production lines and launching new products, such as the COR battery system and the SOLIS solar cover. Terravis Energy, a Worksport subsidiary, achieved a significant breakthrough in the development of a Cold Climate, Air Source Residential Heat Pump, surpassing current leading Heat Pump systems by as much as 40%. The company is poised for further growth and expansion, with a strong focus on sustainability and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
earnings
News
Worksport Subsidiary Terravis Energy Starts To Build Heat Pump Supply Chain
Rhea-AI Summary
Worksport Ltd. and its subsidiary, Terravis Energy, Inc., are considering partners in a supply chain for the Cold Climate, Air Source Residential Heat Pump (CCHP). Terravis CEO Lorenzo H. Rossi recently attended the 2024 AHR Expo in Chicago to meet potential suppliers. The Terravis Heat Pump is expected to redefine heating technology without the use of supplemental heat coils, with the potential to reduce carbon emissions worldwide. Worksport CEO Steven Rossi emphasized the company's commitment to a zero-emission future. Worksport and Terravis will provide updates on the product's development and testing process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
none
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Worksport Ltd

Nasdaq:WKSPW

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WKSPW Stock Data

20.61M
Motor Vehicle Body Manufacturing
Manufacturing
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United States
West Seneca