Worksport Ltd. filings document the company's public-company disclosures as a Nevada corporation with common stock listed on Nasdaq. Recent reports include Regulation FD 8-Ks that furnish press releases on earnings communications, product launches, distribution relationships, certification milestones, revenue guidance, and commercialization of tonneau cover and portable energy products.
The filing record also covers governance and capital-structure matters, including a chief financial officer transition, principal financial and accounting officer designations, and an unregistered issuance of common stock for accrued executive compensation. Annual-report references tie the disclosure record to operating results, margin commentary, manufacturing efficiency, dealer-network expansion, online sales, B2B channels, and risk and compliance reporting for Worksport's automotive accessory and clean-energy product lines.
Worksport Ltd. (WKSP) reported preliminary August 2026 sales orders of approximately $2.92 million, up 16.4% from July, and an annualized sales-order run rate of approximately $35.05 million. Preliminary net sales were $2.34 million, which the company said increased 5.6%; it separately reported August invoiced sales of approximately $2.39 million.
August orders exceeded invoicing by approximately $532,000, and estimated month-end backlog rose to approximately $898,000 from an updated July balance of approximately $366,000, a 145.1% increase. The annualized run rate compared with approximately $30.13 million using the updated July order figure, a stated increase of approximately $4.93 million, or 16.4%. Worksport also said preliminary gross margin was above 30% for four consecutive months. The release identifies supply-chain delays, order cancellations or fulfillment delays, production constraints, and working-capital requirements as risks to forward-looking statements.
Worksport Ltd. is registering for resale up to 4,800,526 common shares issuable upon exercise of Inducement Warrants held by selling stockholder Armistice Capital LLC. Worksport will receive no proceeds from those resales. It estimates proceeds of approximately $2,880,316 if all warrants are exercised for cash at $0.60 per share; cashless exercise is allowed in specified circumstances. The warrants are exercisable from February 28, 2027 through February 28, 2032, subject to beneficial-ownership limits of 4.99%, which may be raised to 9.99% after at least 61 days’ prior notice. In the August 2026 inducement transaction, the holder exercised 3,840,421 existing warrants and Worksport received approximately $2,304,253 in gross proceeds.
Separately, Worksport disclosed substantial doubt about its ability to continue as a going concern. For the six months ended June 30, 2026, its net loss was approximately $9.8 million; cash was $1.2 million and revolving-line availability was $0.8 million as of that date. Nasdaq notified the company that it did not meet the $1.00 minimum bid-price requirement and gave it 180 calendar days, through February 9, 2027, to regain compliance.
Worksport Ltd. (WKSP) reported the results of its 2026 Annual Meeting of Shareholders held on September 3, 2026. As of the July 7, 2026 record date, the capital structure included 15,282,595 common shares, 100 shares of Series A Preferred Stock, and 427,912 shares of Series C Preferred Stock outstanding. The Series A Preferred carries 51% of the company’s total voting power and is beneficially owned entirely by Chief Executive Officer Steven Rossi; the Series C Preferred has no voting rights.
A total of 24,005,818 votes, or 76.94% of total voting power, were represented, constituting a quorum. Shareholders elected five directors—Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol and Ned L. Siegel—with votes for each nominee around 18.1–18.2 million and broker non-votes of 5,511,481. Shareholders also approved the ratification of Lumsden & McCormick, LLP as independent registered public accounting firm for the year ending December 31, 2026 (23,569,620 votes for; 363,560 against; 72,638 abstentions).
On an advisory, non-binding basis, shareholders expressed support for the Board considering special dividends in connection with any sale of a business unit or material asset (21,904,023 votes for; 2,031,649 against). Shareholders authorized the Board, in its discretion, to effect one or more reverse stock splits in a range of 1‑for‑2 to 1‑for‑250, or one or more forward stock splits, at any time prior to the second anniversary of the meeting, with the ability to abandon such actions if deemed advisable. A separate Proposal No. 5 was withdrawn during the meeting and was not voted upon.
Worksport Ltd (WKSP) entered into a common stock warrant exercise inducement offer with an existing warrant holder on August 27, 2026. The holder agreed to exercise for cash December 2025 warrants covering 3,840,421 shares of common stock at a reduced exercise price of $0.60 per share, in exchange for new inducement warrants to purchase up to 4,800,526 shares.
Worksport expects to receive gross proceeds of about $2.30 million before fees and expenses, to be used for general corporate and working capital purposes. The inducement warrants become exercisable six months after issuance, have a five-year term, include 4.99%/9.99% beneficial ownership caps, allow cashless exercise if resale registration is unavailable, and contain protections and a Black Scholes cash purchase right in certain Fundamental Transactions. Worksport agreed to file a resale registration for the inducement warrant shares within specified 40–90 day timelines and to limit other equity issuances and Variable Rate Transactions for periods of 60 days and six months, respectively.
Worksport Ltd (WKSP) reported preliminary, unaudited operating metrics for July 2026 showing strong top-line momentum and improved profitability. The company recorded a monthly record for gross product orders of approximately $2.52 million. Preliminary net sales were approximately $2.22 million, up 6.7% from June and 60.6% from March, with about $0.30 million of firm orders remaining in backlog at month-end. Preliminary gross profit was about $0.68 million, reflecting a gross margin of 30.8%, the third consecutive month above 30%. Based on these levels, Worksport states that its Annualized Revenue Rate is $30 million, which it anticipates will continue rising.
Worksport Ltd. reported receiving a Nasdaq notice on August 13, 2026 that its common stock no longer meets the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), which requires a bid price of at least $1.00 per share for continued listing on the Nasdaq Capital Market.
Based on 30 consecutive business days from July 1, 2026 through August 12, 2026, the company fell below this threshold and now has 180 calendar days, until February 9, 2027, to regain compliance by maintaining a closing bid of at least $1.00 for at least 10 consecutive business days. During this period, the stock will continue trading on the Nasdaq Capital Market under the symbol WKSP, and the company may seek an additional 180-day extension or consider actions such as a reverse stock split.
Worksport Ltd. reported higher Q2 2026 revenue but continued sizable losses. Net sales rose to $5.23 million from $4.10 million a year earlier, with gross profit improving to $1.65 million. For the first six months of 2026, net sales were $8.54 million.
Despite this growth, the company recorded a Q2 net loss of $3.97 million and a six‑month net loss of $9.79 million, with operating cash outflow of $11.68 million. Cash and equivalents fell to $1.16 million as of June 30, 2026, while total debt increased to $5.28 million. Management disclosed a material uncertainty that casts substantial doubt about its ability to continue as a going concern and highlighted reliance on equity and debt financings, including ATM sales and registered direct offerings completed in June 2026.
Worksport Ltd. reported strong Q2 2026 operating improvement with record quarterly net sales of $5.23 million, up 27.4% year over year and 57.9% sequentially. Gross profit rose to $1.65 million, increasing 52.5% year over year and 93.2% from Q1, while gross margin expanded to about 31.5% from 26.4% in Q2 2025 and 25.8% in Q1 2026.
Sequentially, operating expenses declined about 17%, operating loss narrowed about 34%, and net loss improved about 32% to $3.97 million versus $5.83 million in Q1 2026. Net cash used in operating activities fell to roughly $3.44 million from $8.23 million in Q1, a 58% reduction. Despite progress, the company remains loss-making, with a six‑month 2026 net loss of $9.79 million and an accumulated deficit of $93.72 million. Cash and cash equivalents declined to $1.16 million at June 30, 2026 from $5.95 million at December 31, 2025, while total assets decreased to $28.09 million. Management emphasizes shifting from prior investment and launch activities toward revenue conversion, operating leverage and a path toward positive operating cash flow within 2026.
Worksport Ltd. is updating its at-the-market equity program with H.C. Wainwright to permit sales of common stock with an aggregate offering price of up to $493,000 under its Form S-3 shelf, within the one‑third public‑float cap of General Instruction I.B.6 of Form S-3. As of June 29, 2026, public float was about $17.6 million, based on 14,876,747 non‑affiliate shares at $1.18 per share, and prior I.B.6 usage over the past 12 months totaled about $5.35 million.
There were 15,298,333 common shares outstanding as of August 7, 2026. Wainwright will act as sales agent, earning a commission of up to 3.0% of gross proceeds, with sales effected at prevailing Nasdaq market prices under symbol WKSP. Net proceeds, if any, are intended for working capital and general corporate purposes, with no minimum sale amount required.
The company highlights going concern uncertainty, citing cash and equivalents of $1,160,157, an accumulated deficit of $93,721,747, and a six‑month net loss of $9,793,824 as of June 30, 2026, as well as identified material weaknesses in internal control. CEO Steven Rossi controls 51% of voting power via Series A preferred stock, making Worksport a controlled company under Nasdaq rules.