Form 8-K

8-K — Worksport Ltd

Accession: 0001493152-26-034179

Filed: 2026-07-22

Period: 2026-07-22

CIK: 0001096275

SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

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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): July 22, 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.

July 22, 2026, Worksport Ltd. (the “Company”) issued a press release: “Worksport Announces 132% Gross Profit Growth

from April to June; June 2026 Marks Strongest Month in Company History”

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 July 22, 2026, “Worksport Announces 132% Gross Profit Growth from April to June; June 2026 Marks Strongest Month in Company History”

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:

July 22, 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

Announces 132% Gross Profit Growth from April to June; June 2026 Marks Strongest Month in Company History

Net

sales increase 46%, while gross profit materially outpaces top-line growth, Company materially closer to cash-flow breakeven.

West

Seneca, New York, July 22, 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 reported preliminary and unaudited monthly financial performance demonstrating a meaningful improvement in the quality

of its revenue growth. From April through June 2026, net sales increased approximately 46%, while gross profit increased approximately

132%, reflecting substantial gross-margin expansion and increasing gross-profit contribution from the Company’s growing sales

base.

Preliminary

gross profit increased from approximately $310,000 in April to $720,000 in June, while net sales increased from approximately

$1.43 million to $2.08 million. The Company has achieved a sustainable gross-margin running rate above 35% and expects to maintain

or increase from this level.

Preliminary

Monthly Financial Highlights

●

June

net sales of approximately $2.08 million, up approximately 46% from April and 21% from May

●

June

gross profit of approximately $720,000, up approximately 132% from April and 15% from May

●

Gross

margin run rate now stable above 35% compared to 26% in Q1 2026.

●

Monthly

gross profit increased by approximately $410,000 between April and June

Preliminary and unaudited

April 2026

May 2026

June 2026

April-to-June Growth

Net sales

$ 1.43 million

$ 1.73 million

$ 2.08

million

46 %

Gross profit

$ 0.31 million

$ 0.63 million

$ 0.72 million

132 %

Gross

Profit Growth Materially Outpaces Net Sales

Worksport’s

preliminary monthly results demonstrate that the Company is generating substantially more gross profit as its sales base expands, alongside

growing product adoption.

Between

April and June, monthly net sales increased by approximately $650,000, while monthly gross profit increased by approximately $410,000.

This performance reflects both continued top-line growth and a significant improvement in the amount of gross profit generated from each

dollar of revenue.

June

also demonstrated continued momentum from May. Net sales increased approximately 35% month over month, while gross profit increased

approximately 9%, with gross profit continuing to outpace top-line growth.

The

Company believes the combination of higher sales, improving gross margins and gross profit growing materially faster than revenue represents

continued progress in the underlying economics of its business. The Company believes that a continuation of this trend will steer the

Company into operational cash flow positivity, and then profitability, in the near-term.

“These

preliminary results demonstrate that Worksport’s growth is becoming increasingly productive,” said Steven Rossi, Chief

Executive Officer of Worksport. “From April to June, net sales increased approximately 46%, while gross profit increased approximately

132%. The business generated more sales, but more importantly, it generated substantially more gross profit from that growing revenue

base.”

“Our

gross margin has improved by almost 1000 BPS from Q1 2026, even as monthly sales continued to expand. This is the type of operating

progression we have been working toward: stronger sales, improving margins and gross profit growth that materially outpaces the top line.

We believe the growth will only continue”

“Our

focus remains on sustaining this momentum, continuing to scale our automotive business and converting our expanding gross-profit base

into continued progress toward operational cash-flow positivity.”

Strengthening

Financial Contribution

Worksport

believes this improvement in financial condition strengthens the value of continued revenue growth and positions the Company to generate

greater financial contribution as it scales its existing automotive product portfolio and advances its broader product and commercialization

strategy.

The

Company expects to provide complete financial results for the second quarter of 2026 in its applicable filing with the U.S. Securities

and Exchange Commission by about August 11, 2026.

The

figures contained in this release are preliminary and unaudited, have not been reviewed by the Company’s independent registered

public accounting firm and remain subject to quarter-end accounting procedures and potential adjustments. Actual results may differ from

the preliminary figures presented herein.

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; (iv) competition from other producers of similar products; and (v) with respect to any potential additional financing

transactions, there can be no assurance that any such transactions will be consummated, and any such transactions would be subject to,

among other things, market conditions, available shelf registration capacity, applicable regulatory requirements (including Nasdaq listing

rules), negotiation and execution of definitive documentation on mutually acceptable terms, and approval by the Company’s Board

of Directors. 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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Jul. 22, 2026

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