Tri-State deal aims to boost Nexus tonneau sales for Worksport (NASDAQ: WKSP)

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Worksport Ltd. has signed Tri-State Enterprises as a new regional distribution partner for its tonneau cover lineup, including the recently launched Nexus cover. The company has already received two initial purchase orders covering a broad range of SKUs, with another order expected shortly.

Worksport projects the Tri-State account could reach seven-figure annual revenue in the near term and potentially become a recurring multi-million-dollar contributor to net sales. Tri-State serves thousands of wholesale customers across Arkansas, Missouri, Oklahoma, and Texas, operating about one million square feet of warehouse space and offering same-day delivery in select areas.

The partnership supports Worksport’s 2026 strategy to expand its U.S. dealer and distributor network and increase distributor-led sales. Management views the relationship as an important commercial win that can help scale Nexus adoption and convert recent product launches into repeatable revenue.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Projected Tri-State account size: Seven-figure annual revenue Potential recurring contribution: Multi-million-dollar Tri-State warehouse capacity: Approximately one million square feet +2 more

5 metrics

Projected Tri-State account size Seven-figure annual revenue Projected near-term account contribution

Potential recurring contribution Multi-million-dollar Potential recurring contribution to net sales growth

Tri-State warehouse capacity Approximately one million square feet Warehouse space across regional locations

Event date April 25, 2026 Tri-State Big Money Show featuring Worksport products

Filing date April 29, 2026 Date Worksport announced Tri-State partnership

Key Terms

Regulation FD Disclosure, distribution partner, tonneau cover, forward-looking statements, +2 more

6 terms

Regulation FD Disclosure regulatory

"Item 7.01 Regulation FD Disclosure. On April 29, 2026, Worksport Ltd."

Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.

distribution partner financial

"secured Tri-State Enterprises, Inc. as a new cross-regional distribution partner"

tonneau cover technical

"distribution partner for Worksport’s growing tonneau cover lineup"

A tonneau cover is a protective folding, roll-up, or rigid cover that fits over the open cargo bed of a pickup truck to keep goods dry, secure, and to reduce wind drag. For investors, trends in tonneau cover sales, design innovations, and market share offer insight into consumer demand for vehicle accessories, aftermarket revenue growth and product margins—similar to how phone cases signal accessory markets around smartphones.

forward-looking statements regulatory

"The information contained herein may contain “forward-looking statements.”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

net sales growth financial

"multi-million-dollar contributor to net sales growth"

Understanding 8-K Material Events →

04/29/2026 - 08:31 AM

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): April 29, 2026

WORKSPORT LTD.
(Exact name of registrant as specified in its charter)

Nevada		001-40681		35-2696895
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2500 N America Dr

West Seneca, New York 14224
(Address of principal executive offices) (ZIP Code)

(888) 554-8789

Registrant’s telephone number, including area code

Not Applicable
(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 7.01 Regulation FD Disclosure.

On April 29, 2026, Worksport Ltd. (the “Company”) issued a press release: “Worksport (NASDAQ: WKSP) Secures Tri-State Distribution, Books Initial Orders, Projected to be 7-Figure + Annual Account”

A copy of the press release is attached hereto as Exhibit 99.1.

The information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto 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, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated April 29, 2026, “Worksport (NASDAQ: WKSP) Secures Tri-State Distribution, Books Initial Orders, Projected to be 7-Figure + Annual Account”

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.

Date: April 29, 2026	By:	/s/ Steven Rossi
	Name:	Steven Rossi
	Title:	Chief Executive Officer (Principal Executive Officer)

Exhibit 99.1

Worksport (NASDAQ: WKSP) Secures Tri-State Distribution, Books Initial Orders, Projected to be 7-Figure + Annual Account

Partnership advances Worksport’s 2026 U.S. distribution expansion strategy, accelerating velocity and building recurring revenue from high-volume accounts.

West Seneca, New York, April 29, 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, today announced that it has secured Tri-State Enterprises, Inc. (“Tri-State”) as a new cross-regional distribution partner for Worksport’s growing tonneau cover lineup, including the Company’s recently launched Nexus cover.

Last week, the Company received two initial purchase orders with a broad spectrum of SKUs and quantity, with another order anticipated in the coming days tied to near-term sales activity. This early traction reflects immediate demand following onboarding and signals strong momentum as Worksport expands its U.S. distribution footprint.

Projected Account Growth

Worksport projects the new Tri-State account to generate seven-figure revenue in the near term, with the potential to evolve into a recurring multi-million-dollar contributor to net sales growth. This outlook is supported by expanding product availability, increasing customer adoption, and deeper penetration of Worksport’s premium tonneau cover lineup across Tri-State’s distribution footprint.

Tri-State is a family-operated automotive aftermarket distributor headquartered in Fort Smith, Arkansas, with locations across Arkansas, Missouri, Oklahoma, and Texas. The company operates approximately one million square feet of warehouse space and is a member of both the Pronto Network and The AAM Group. Tri-State maintains a strong service advantage across its regions, offering “same-day” delivery to select locations within its network of thousands of wholesale customers – a key capability that may position Worksport to access just-in-time demand across key markets. Truck bed covers are among Tri-State’s top product categories, making this relationship a highly aligned and strategic addition to Worksport’s expanding dealer and distributor network.

Big Money Show Accelerates Nexus Exposure

On April 25, 2026, Worksport attended Tri-State’s Big Money Show to introduce its product lineup directly to a broader customer base, with particular focus on Worksport’s Nexus tonneau cover, following its recent commercial launch. Nexus is designed to address a key market gap in premium hard folding tonneau covers by offering a proprietary single-side opening system, allowing users to operate the cover from either side of the truck. This cover continues to gain significant traction and was a contributing factor to landing the Tri-State account.

The Company believes this direct selling event provided both near-term revenue opportunity and meaningful brand exposure among active aftermarket buyers. Worksport views the event as an important step in accelerating Nexus adoption through distribution and professional aftermarket channels.

Strategic Distribution Expansion

This new relationship supports Worksport’s broader 2026 strategy to expand its U.S. dealer and distributor network, increase sell-through velocity, and build recurring revenue from high-volume regional accounts.

The Company believes Tri-State’s established customer relationships, warehouse capacity, and strong presence in the South and Central U.S. create a scalable distribution channel for Worksport’s tonneau cover portfolio. As Worksport continues ramping production and widening availability of its recently launched products, management expects distributor-led sales to play an increasingly important role in achieving its 2026 revenue objectives.

“We believe that a relationship with Tri-State is an important commercial win because it places Worksport products into a highly relevant, high-volume aftermarket distribution channel,” said Steven Rossi, Chief Executive Officer of Worksport. “The initial purchase orders are encouraging, but the larger opportunity is the account’s projected annual volume and the ability to introduce Nexus to a broader customer base at the exact time we are scaling production and distribution. We believe relationships like this can help convert product innovation into repeatable revenue, stronger brand recognition, and long-term shareholder value.”

Worksport expects to continue expanding its distributor base throughout 2026 as it advances commercialization of Nexus, its broader tonneau cover lineup, and its clean energy product ecosystem.

Stay tuned for more information and join our mailing list to stay up to date with the latest: Join Worksport’s Newsletter

Contacts

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

W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

Connect with Worksport Chief Executive Officer, Steven Rossi

Steven Rossi X (Twitter)

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 terravisenergy.com.

Connect with Worksport

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

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 www.sec.gov. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Worksport (WKSP) announce in its latest 8-K filing?

Worksport announced a new distribution partnership with Tri-State Enterprises for its tonneau cover lineup, including the Nexus cover. The company has already booked initial purchase orders and expects the account to contribute significantly to future net sales growth.

How large could the Tri-State account be for Worksport (WKSP)?

Worksport projects the Tri-State account will generate seven-figure revenue in the near term. Management also believes it has the potential to evolve into a recurring multi-million-dollar contributor to net sales growth as product availability and customer adoption expand.

Why is the Tri-State partnership important for Worksport’s Nexus tonneau cover?

Tri-State’s Big Money Show helped introduce the Nexus cover to a wider customer base, highlighting its single-side opening design. Worksport believes this exposure and Tri-State’s strong aftermarket reach were key to securing the account and should support ongoing Nexus adoption.

What regions does Tri-State Enterprises cover for Worksport (WKSP) products?

Tri-State is headquartered in Fort Smith, Arkansas, with locations across Arkansas, Missouri, Oklahoma, and Texas. It operates about one million square feet of warehouse space and offers same-day delivery to select locations within its network of thousands of wholesale customers.

How does the Tri-State deal fit Worksport’s 2026 growth strategy?

The partnership aligns with Worksport’s 2026 plan to expand its U.S. dealer and distributor network and build recurring revenue from high-volume regional accounts. Management expects distributor-led sales to play a growing role as production ramps and new products reach more markets.

What forward-looking risks does Worksport (WKSP) highlight in this update?

Worksport notes that forward-looking statements are subject to risks including supply chain delays, consumer acceptance of its products, potential delays or nonacceptance by third-party sellers, and competition. These factors could cause actual results to differ materially from current projections.

Filing Exhibits & Attachments

4 documents

Press Releases

EX-99.1 EX-99.1 23.3 KB