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 reports that Chief Financial Officer Jennifer Anne Kartychak acquired 143,000 shares of common stock on July 31, 2026. The shares were issued upon the grant and immediate vesting of restricted stock units under the 2022 Equity Incentive Plan and are held indirectly through Arend Advisory Group LLC, bringing her reported indirect holdings to 168,872 shares.
Worksport Ltd. scheduled its second quarter 2026 earnings conference call for August 11, 2026 at 4:30 p.m. Eastern Time, followed by an investor town hall featuring management discussion and shareholder Q&A.
CEO Steven Rossi described the quarter as “very strong” and said recent preliminary financial updates showed higher revenues, higher gross margins and that the company believes it is notably closer to positive cash flow. The recurring investor town hall series is intended to provide additional context on operating progress, strategic priorities and product development, and to give shareholders a forum for questions and dialogue.
Worksport Ltd. filed an amended current report to add detailed results of operations for preliminary, unaudited monthly performance from April through June 2026. Net sales rose from approximately $1.43 million in April to $2.08 million in June, an increase of about 46%, while gross profit grew from roughly $0.31 million to $0.72 million, up about 132%.
The company reports its gross-margin running rate is now stable above 35%, compared with 26% in Q1 2026, and that June 2026 was the strongest month in its history. Management states that higher sales, expanding margins and faster gross-profit growth are moving the business materially closer to cash-flow breakeven and could lead to operational cash-flow positivity and profitability if trends continue.
Worksport Ltd. reported preliminary, unaudited monthly results indicating sharp gross profit growth from April to June 2026. Net sales rose from approximately $1.43 million in April to $2.08 million in June, an increase of about 46%, while gross profit grew from roughly $0.31 million to $0.72 million, up about 132%.
The company states that gross margin has stabilized above 35%, compared with 26% in Q1 2026, meaning more profit from each dollar of revenue. Management believes that higher sales, expanding margins and faster gross profit growth are moving the business closer to operational cash-flow breakeven and eventual profitability, though full Q2 2026 results are still to be reported.
Worksport Ltd. is asking shareholders at its 3 September 2026 annual meeting to elect five directors, ratify Lumsden & McCormick, LLP as independent auditors, support an advisory resolution on considering special dividends after any sale of a business unit or material asset, authorize broad reverse or forward stock splits, and approve a possible adjournment to solicit additional proxies. The Board recommends voting FOR all five proposals.
Holders of 15,282,595 common shares have one vote per share, while 100 shares of Series A Preferred Stock, all beneficially owned by CEO Steven Rossi, carry 51% of the company’s total voting power. Net sales were $16,101,738 in 2025, up from $8,484,379 in 2024 and $1,529,632 in 2023, while a hypothetical $100 investment in Worksport stock was worth $24.33 at year-end 2025 based on total shareholder return. Rossi’s 2025 total compensation was $1,297,465, with $452,715 categorized as “compensation actually paid,” alongside significant option grants under the company’s equity incentive plans.
Worksport Ltd. is soliciting shareholder votes for its 2026 annual meeting on September 3, 2026 at its West Seneca, NY headquarters. Holders of common stock and Series A Preferred Stock at the July 7, 2026 record date will vote on electing five directors, ratifying Lumsden & McCormick, LLP as auditor, an advisory proposal supporting consideration of special dividends when business units or material assets are sold, broad authority for the Board to implement one or more reverse stock splits between 1-for-2 and 1-for-250 or forward stock splits within two years, and a possible adjournment to solicit more proxies. The Board recommends voting FOR all proposals.
As of the record date there were 15,282,595 common shares and 100 Series A Preferred shares outstanding; the Series A class carries 51% of the company’s total voting power and is wholly owned by CEO Steven Rossi, who has indicated he intends to vote these shares in favor of the split authorization. Most proposals are non-routine, so uninstructed broker-held shares will generally be broker non-votes, which have differing effects by proposal.
The proxy includes detailed governance and compensation disclosures. Net sales were $1,529,632 in 2023, $8,484,379 in 2024 and $16,101,738 in 2025, with the company citing additional product offerings and expanded tonneau cover production as drivers of 2025 growth and reporting year-over-year sales increases of about 4,547% in 2024 and 90% in 2025. Over the same period, a $100 investment based on Total Shareholder Return declined to $24.33 in 2025, reflecting a share price move from $9.00 at the beginning of 2025 to $2.19 at year end. CEO Steven Rossi’s total reported compensation was $5,531,992 in 2023, $508,746 in 2024 and $1,297,465 in 2025, with “compensation actually paid” under SEC rules of $374,470, $348,246 and $452,715, respectively. The company states that his salary decreased by 13.0% between 2024 and 2025 and believes his 2024 and 2025 pay was below current industry standards. Extensive stock option grants, three equity incentive plans (with the 2022 Plan’s evergreen reserve increased to 18% of shares outstanding) and a newly adopted clawback policy are also described.
Worksport Ltd. is calling a 2026 annual shareholder meeting on September 3, 2026 in West Seneca, New York. Shareholders as of July 7, 2026 will vote on electing five directors, ratifying Lumsden & McCormick, LLP as auditor, an advisory proposal supporting potential special dividends tied to future asset or business sales, a wide authorization for the Board to implement one or more reverse stock splits between 1‑for‑2 and 1‑for‑250 or forward splits within two years, and a possible adjournment to solicit more proxies.
Voting power is concentrated through 100 shares of Series A Preferred Stock representing 51% of the company’s voting power, all beneficially owned by CEO Steven Rossi. Net sales were 16,101,738 in 2025, 8,484,379 in 2024 and 1,529,632 in 2023, while a fixed $100 investment in Worksport’s stock declined in value from 149.75 in 2023 to 60.40 in 2024 and 24.33 in 2025.
The proxy details Rossi’s compensation structure under a consulting agreement with a 300,000 annual base fee, 50% bonus opportunity and significant option grants, along with expansive equity incentive plans including a 2022 plan with an evergreen share reserve set at 18% of year‑end common shares outstanding.
Kartychak Jennifer Anne reported acquisition or exercise transactions in this Form 4 filing.
Worksport Ltd Chief Financial Officer Jennifer Anne Kartychak reported an indirect grant of 6,104 shares of common stock on April 20, 2026 at $1.15 per share. The shares are held by Arend Advisory Group LLC, an entity over which she has voting and dispositive control, bringing her reported indirect holdings to 25,872 shares. The Form 4 notes the report was filed late due to an administrative oversight regarding this award.
Worksport Ltd. announced that its stock closed above $1.00 on June 24, 2026, which it believes restores full compliance with Nasdaq’s minimum bid price requirement after a 75% rise over five trading days. The company is using this milestone to highlight recent operational progress and outline next steps.
Management reports a preliminary 35% gross margin for May, described as a new record, and points to a $36M+ annualized revenue opportunity supported by a new partnership with Meyer Distributing and growing demand for its NEXUS tonneau cover. Worksport plans an investor town hall on June 30, 2026, where CEO Steven Rossi will discuss revenue trajectory, margin expansion, distributor onboarding, clean-energy products such as SOLIS and COR, and the goal of achieving initial operational cash-flow positivity within 2026.
Worksport Ltd. completed two registered direct offerings with a single institutional investor, issuing 208,333 common shares at $1.20 per unit (each with one warrant) for gross proceeds of $250,000 and 675,529 common shares at $0.70 per share for approximately $472,870 in gross proceeds.
The first deal included warrants to purchase up to 208,333 shares at $1.50 per share, or up to 291,667 shares via cashless exercise, subject to a 4.99% (or 9.99% upon election) ownership cap. Placement fees were 7% on the first offering and 5% on the second.
The press release highlights Q1 2026 net sales of $3.3 million, up 47.9% year over year, gross profit of about $854,000, up 115.5%, and a 26% gross margin. Worksport reiterates a 2026 goal of initial operational cash-flow positivity, targeting $9 million in quarterly revenue with 35% gross margins.