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. reported a sharp improvement in profitability metrics and outlined a larger sales pipeline. The company achieved approximately 35% gross margin in May 2026, up from 28.4% in Q1 2026 and about 11% in December 2024, based on preliminary unaudited internal results.
Management highlighted a new national distribution relationship with Meyer Distributing, alongside existing partners such as Tri-State Enterprises and Patriot Auto, to expand B2B reach. B2C sales are tracking near $1 million per month and B2B near $0.7 million per month, supporting a targeted $36 million+ 12‑month revenue opportunity. At roughly 35% gross margin, management estimates Worksport would need about $9 million in quarterly revenue to reach operational cash-flow positivity, which it continues to target within 2026.
Worksport Ltd. is offering 675,529 shares of Common Stock at $0.70 per share. The prospectus supplement states the offering price is $0.70 and the Placement Agent will receive a 5.0% cash fee. Net proceeds are estimated at $449,226, to be used for working capital and general corporate purposes.
The filing lists 14,037,000 shares outstanding before the offering and 14,712,529 shares outstanding after the offering, and notes certain outstanding instruments including options, warrants, RSUs and convertible preferred that are issuable on conversion or exercise.
Worksport Ltd. is offering 208,333 shares of Common Stock together with Common Warrants. The units are being sold at $1.20 per unit, producing aggregate gross proceeds of $250,000 and estimated net proceeds to the company of approximately $232,500. Each Common Warrant has an exercise price of $1.50, is immediately exercisable and expires five years after issuance; the warrants may be exercised on a cashless basis at a fixed Cashless Exercise Ratio of 1.4, permitting up to 291,667 shares on cashless exercise. This prospectus supplement states there were 13,537,000 shares of Common Stock outstanding as of June 17, 2026, and the offering is being conducted through D. Boral Capital as placement agent.
Worksport Ltd Chairman, CEO and President Steven F. Rossi reported receiving 79,618 shares of common stock valued at $0.628 per share on June 5, 2026. The shares were issued in satisfaction of previously accrued and unpaid bonus compensation, giving them an aggregate reported value of $50,000.10.
After this compensation-related share issuance, Rossi directly holds 2,693,703 Worksport common shares. The filing reflects a non‑cash bonus paid in stock rather than an open‑market purchase, representing a relatively small addition compared with his existing holdings.
Worksport Ltd. disclosed that on June 5, 2026 it issued 79,618 shares of common stock to its Chief Executive Officer, Steven Rossi, at $0.6280 per share, for an aggregate value of $50,000.10, in lieu of previously accrued cash bonus compensation. The transaction, completed under a Stock Purchase Agreement and approved by the Board, relied on a private-offering exemption under Section 4(a)(2) of the Securities Act. A June 9, 2026 press release highlighted that this is Rossi’s second such election and noted revenue growth from approximately $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, alongside initiatives aimed at achieving operational cash-flow positivity.
Worksport Ltd. has announced that its clean-energy subsidiary, Terravis Energy, has been granted U.S. Patent No. 12,624,872 B2 for its AetherLux heat-pump system incorporating ZeroFrost technology. The patent covers system and component architecture designed to maintain continuous heating while reducing or eliminating traditional defrost cycles.
The company positions AetherLux and ZeroFrost as targeting one of the main barriers to cold-climate heat-pump adoption: frost buildup and related performance loss. Worksport notes that global heat-pump markets are expected to grow substantially and that this patented platform is separate from its current core revenue drivers, but could support future commercialization, partnerships, and licensing opportunities. Certification for the technology is expected in the second half of 2026.
WORKSPORT LTD. ownership disclosure: Armistice Capital, LLC and Steven Boyd report beneficial ownership of 611,096 shares of Common stock, representing 4.99% of the class. The filing states Armistice Capital acts as investment manager to the Master Fund and Mr. Boyd may be deemed to beneficially own the shares. The Master Fund disclaims beneficial ownership under its Investment Management Agreement. The filing is a joint Schedule 13G/A amendment dated May 15, 2026.
Worksport Ltd. reported strong Q1 2026 growth, with net sales rising 47.9% year-over-year to $3.31 million as it moved from launch readiness into broader commercialization. Gross profit increased 115.5% to $853,946, and gross margin improved to 26% from 18% a year earlier.
U.S. net sales represented about 99% of revenue, and hard tonneau covers generated roughly 99% of net sales, split between about $1.8 million B2C (1,700 covers) and $1.5 million B2B (2,300 covers. Inventory reached $11.6 million, with working capital of about $6.6 million and net property and equipment of $13.3 million, reflecting investment in product launches and its West Seneca manufacturing facility.
Management targets achieving operational cash-flow within 2026 and expects 2026 growth to be driven mainly by tonneau covers, expanded B2B/B2C channels, the new NEXUS cover, and early contributions from SOLIS and COR. Subsidiary Terravis Energy is advancing the AetherLux ZeroFrost heat pump, but the Company is not projecting AetherLux revenue in 2026.
Worksport Ltd. reported net sales of $3.31M for the quarter ended March 31, 2026, up from $2.24M a year earlier as tonneau cover sales grew in the U.S. Gross profit more than doubled to $0.85M, lifting gross margin to 26%.
Higher general and administrative plus sales and marketing spending drove a larger net loss of $5.83M versus $4.46M. Cash fell to $0.57M, with operating cash outflow of $8.23M, partially offset by equity raises and credit facility draws. Management and auditors highlight substantial doubt about the company’s ability to continue as a going concern, despite access to a revolving credit line and ongoing capital-raising activities.
Worksport Ltd. filed a current report announcing plans to discuss its first quarter 2026 results and engage more directly with shareholders. The company will host a Q1 2026 earnings conference call on May 13, 2026, at 4:30 p.m. Eastern Time, followed immediately by its first investor townhall webcast featuring management commentary, business updates, and live Q&A. Worksport describes this as the start of a recurring townhall series aimed at maintaining an open line of communication with investors and other interested parties.