Form 8-K

8-K — Worksport Ltd

Accession: 0001493152-26-030034

Filed: 2026-06-25

Period: 2026-06-25

CIK: 0001096275

SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

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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): June 25, 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 ☐

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.

June 25, 2026, Worksport Ltd. (the “Company”) issued a press release: “Worksport (NASDAQ: WKSP) Regains $1 Bid Price

Requirement, Announces CEO Town Hall, Highlights Multiple Recent Growth Drivers in CEO Letter”

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 June 25, 2026, “Worksport (NASDAQ: WKSP) Regains $1 Bid Price Requirement, Announces CEO Town Hall, Highlights Multiple Recent Growth Drivers in CEO Letter”

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:

June 25, 2026

By:

/s/

Steven Rossi

Name:

Steven

Rossi

Title:

Chief

Executive Officer

(Principal Executive Officer)

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit 99.1

Worksport

(NASDAQ: WKSP) Regains $1 Bid Price Requirement, Announces CEO Town Hall, Highlights Multiple Recent Growth Drivers in CEO Letter

CEO

Shares Letter to Shareholders, inviting them to attend the townhall; Management to discuss Nasdaq bid price compliance, 35%

May gross margin, Meyer Distributing, $36M+ revenue run-rate target, direct investments, insider alignment, NEXUS traction, Terravis

Energy, and the Company’s 2026 execution plan.

The

live event will provide shareholders an opportunity to hear directly from CEO Steven Rossi and ask questions about Worksport’s

business momentum and long-term value creation strategy.

West

Seneca, New York, June 25, 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 its common stock closed above $1.00 on June 24, 2026, which the Company believes keeps Worksport in full

compliance with Nasdaq’s minimum bid price requirement, and represents a 75% increase in 5 trading days.

The

Company also announced that it will host a live investor town hall on Tuesday, June 30, 2026, at 12:05 p.m. Eastern Time. The

town hall will provide shareholders, prospective investors, analysts, media, and other interested parties an opportunity to hear directly

from Founder and Chief Executive Officer Steven Rossi regarding Worksport’s recent business developments, current execution priorities,

and the Company’s strategy for the second half of 2026 and beyond.

Link

to register for townhall: Register to WKSP’s June Townhall Here

● https://us06web.zoom.us/webinar/register/WN_DzpmKu68RSuvtj5pbnAbYQ

Worksport

encourages shareholders, prospective investors, analysts, media, and other interested parties to attend.

Management

believes the upcoming town hall comes at an important moment for Worksport. Over the past several weeks, the Company has announced multiple

developments that are believed to support a stronger operating foundation, improved market positioning, and an increasingly visible path

toward operational cash flow positivity:

● Operational

progress: Worksport announced preliminary May 2026 gross margin of approximately

35%, up ~660 basis points from 28.4% in Q1 2026, reflecting continued manufacturing

efficiency, pricing discipline, and operating leverage, despite domestic inflation of aluminum,

a core component of its tonneau covers.

● Distribution

expansion: The Company announced Meyer Distributing as a new national distribution

partner, expanding Worksport’s access to a broader base of dealers, installers,

and aftermarket resellers across North America.

● Revenue

opportunity: Worksport is projecting a $36+ million 12-month annual run rate target

supported by B2C activity, expanding B2B distribution, new product launches, and channel

ramp-up. Current 2026 revenue run-rate is growing healthily, at $21+ million.

● Premium-priced

capital: The Company recently completed two direct investments, including one priced

at a premium to then-recent trading levels, while also receiving expressed investor interest

in evaluating additional financing of up to $10 million, subject to customary conditions.

● Insider

alignment: On June 9, 2026, Founder and CEO Steven Rossi elected to receive additional

Company shares in lieu of cash compensation, the second time this year, reinforcing his

stated confidence in Worksport’s long-term value creation opportunity.

CEO

Letter to Shareholders

“Over

the last several weeks, Worksport has released some of the most important updates in our Company’s recent history,”

said Steven Rossi. “We achieved a preliminary 35% gross margin in May, setting a new record, added Meyer Distributing as a major

multi-national master distribution partner, outlined a $36+ million annualized revenue opportunity, secured premium-priced capital, and

saw our shares close back above $1.00 on June 24. We believe these are meaningful milestones, and shareholders deserve a clear explanation

of how they connect.”

Mr.

Rossi continued, “Nasdaq compliance is important, but our deeper focus remains on building the business behind the ticker. Worksport

today is operating from a much stronger foundation than it was one year ago: margins have improved, distribution is expanding, B2C

demand remains active, B2B channels are growing, and our newly launched NEXUS tonneau cover is contributing to a broader commercial strategy.

We believe these are the ingredients that can support our stated goal of achieving initial operational cash-flow positivity within

2026.”

“This

town hall is intended to be direct, transparent, and useful,” Mr. Rossi added. “It is the place for shareholders to ask

questions, hear from management, and better understand what we believe is ahead for Worksport. We intend to discuss our revenue trajectory,

margin growth, distributor onboarding, NEXUS traction, SOLIS and COR progress, OE-focused opportunities, and how we are evaluating

potential business development opportunities and accretive strategic synergies that could strengthen the Company’s platform

over time.”

Mr.

Rossi concluded, “Worksport’s objective is clear: grow revenue, expand margins, convert inventory, strengthen

distribution, continue advancing our intellectual property-backed product portfolio, and build long-term shareholder value.

We believe Worksport has entered an important inflection point, and we look forward to discussing that future with shareholders on June

30.”

Terravis

Energy and Broader Product Platform

addition to Worksport’s core tonneau cover, SOLIS solar cover, and COR portable power strategies, the Company continues to actively

develop its Terravis Energy subsidiary. Terravis remains focused on highly efficient heating and cooling technologies, including its

patented ZeroFrost™ heat-pump technology. Management currently expects product certification during the second half of

2026, subject to testing, certification timing, and other customary development considerations.

Worksport

believes its broader product platform, spanning truck accessories, solar integrations, portable energy systems, and clean heating and

cooling solutions, provides multiple long-term growth pathways. The Company expects to address these opportunities during the June 30

town hall.

Town

Hall Details

Date:

Tuesday, June 30, 2026

Time:

12:05 p.m. ET – 1:00 p.m. ET

Format:

Live Zoom town hall with CEO commentary and investor Q&A

Registration:

Click here to register for Worksport’s June 2026 Townhall

● https://us06web.zoom.us/webinar/register/WN_DzpmKu68RSuvtj5pbnAbYQ

Replay:

Recording expected to be available on investors.worksport.com

Investors

may submit questions in advance by emailing investors@worksport.com. Management expects to answer selected questions during the

live session, subject to time availability and public disclosure considerations.

Worksport

encourages shareholders, prospective investors, analysts, media, and other interested parties to attend.

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 ext. 128

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

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’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.

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