Form 8-K

8-K — Worksport Ltd

Accession: 0001493152-26-045870

Filed: 2026-10-06

Period: 2026-10-06

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): October 6, 2026

WORKSPORT

LTD.

(Exact

name of registrant as specified in its charter)

Nevada

001-40681

35-2696895

(State

or other jurisdiction

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.

October 6, 2026, Worksport Ltd. (the “Company”) issued a press release: “Worksport (Nasdaq: WKSP) Books $2.92M August

Orders; Annualized Order Run Rate Reaches $35M”

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 October 6, 2026, “Worksport (Nasdaq: WKSP) Books $2.92M August Orders; Annualized Order Run Rate Reaches

$35M”

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:

October 6, 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) Books $2.92M August Orders; Annualized Order Run Rate Reaches $35M

August

orders increase 16.4%, while estimated backlog grows 145.1% to approximately $898,000. Preliminary net sales reach $2.34 million, extending

the Company’s eight-month sales climb

West

Seneca, New York, October 6, 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 preliminary August 2026 sales orders of approximately $2.92 million, an increase of 16.4% from July

2026, representing an annualized sales-order run rate of $35.05 million. Preliminary net sales increased 5.6% to $2.34

million, while estimated month-end backlog rose to approximately $898,000, reflecting order intake that exceeded invoicing

during August.

Monthly

Net Sales Extend Eight-Month Climb

Worksport’s

preliminary monthly net sales increased from approximately $937,000 in January to $2.34 million in August, representing growth

of approximately 150%. Each successive month exceeded the previous month across the January-to-August period, with monthly growth

averaging approximately 14.6% across 2026.

Orders

Outpace Invoicing; Estimated Backlog Increases 145.1%

August

sales orders increased 16.4% from approximately $2.51 million in July to approximately $2.92 million, while invoiced

sales increased 5.6% from approximately $2.27 million in July to approximately $2.39 million. August orders exceeded

invoicing by approximately $532,000, increasing Worksport’s estimated backlog from an updated July balance of approximately

$366,000 to $898,000, a 145.1% increase.

Annualized

Sales-Order Run Rate Increases to $35.05 Million

Based

on August sales orders, Worksport’s annualized sales-order run rate increased to approximately $35.05 million, compared

with approximately $30.13 million using the updated July order figure. This represents an increase of approximately $4.93 million,

or 16.4%.

August

marked the fourth consecutive month with preliminary gross margin above 30%, as higher sales generated additional gross profit alongside

margin expansion.

CEO

Commentary

“Our

approximately $35 million annualized sales-order run rate reflects growing demand and a meaningful opportunity to move Worksport toward

positive operating cash flow,” said Steven Rossi, Founder and Chief Executive Officer of Worksport. “We have now maintained

preliminary gross margin above 30% for four consecutive months. If we sustain that margin strength while growing revenue, we can generate

more gross profit to cover operating expenses and narrow the gap to positive operating cash flow. Higher production volumes should also

help us spread fixed manufacturing costs across more units, supporting further margin improvement as we scale. Our priority is to convert

this higher order pace into shipments and cash while keeping spending disciplined, so revenue growth translates into a financially stronger

business for shareholders.”

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

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

Connect

with Worksport Chief Executive Officer, Steven Rossi

Steven

Rossi LinkedIn | Note: CEO Steven Rossi has terminated the use of X (formerly Twitter)

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 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 its investors

using its 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.

Supplemental

Operating Metrics and Preliminary Results

The

Company presents sales orders, invoiced sales, estimated backlog and annualized run rates to provide additional context on demand and

operating trends alongside its U.S. GAAP financial results. Management uses sales orders, invoiced sales, backlog and annual run rates

to evaluate operating performance and support strategic decisions. These metrics are not substitutes for recognized net sales and may

differ from similarly titled metrics used by other companies.

Sales

orders represent the value of orders received and recorded during the applicable month. Invoiced sales reflect monthly invoicing before

applying certain discounts. Estimated backlog is derived from sales orders and invoicing totals using a first-in, first-out allocation

assumption, rather than an order-level analysis of fulfillment dates. These metrics are distinct from recognized net sales; conversion

of sales orders and estimated backlog to revenue depend on fulfillment and satisfaction of applicable revenue-recognition requirements.

Annualized

run rates multiply the applicable month’s sales orders or preliminary net sales by twelve. The annualized run rates for sales orders

calculation includes all sales orders received during that month, some of which may be in backlog. These calculations assume a constant

monthly pace and are illustrative. The calculations do not reflect annual recurring revenue, a committed 12-month order book, full-year

revenue guidance, or forecasts of future performance.

The

monthly financial information in this release is preliminary and unaudited, remains subject to accounting close and review procedures,

and may differ from final reported results.

Forward-Looking

Statements

The

information contained herein may contain “forward-looking statements.” Forward-looking statements reflect the current view

about future events. Forward-looking statements in this release include expectations regarding order conversion, production volumes,

gross margin improvement and progress toward positive operating cash flow. 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; (iv) competition from other producers of similar products; and (v) order cancellations

or fulfillment delays, production constraints and working-capital requirements. 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, except as required by applicable law.

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