Form 8-K

8-K — Worksport Ltd

Accession: 0001493152-26-016482

Filed: 2026-04-14

Period: 2026-04-13

CIK: 0001096275

SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)

Item: Unregistered Sales of Equity Securities

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

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2026-04-13

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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): April 13, 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

3.02 Unregistered Sales of Equity Securities.

April 13, 2026, Worksport Ltd. (the “Company”) issued to its Chief Executive Officer, Steven Rossi, 88,214 shares of the

Company’s common stock, par value $0.001 per share (the “Common Stock”), at a deemed price of $0.8502 per share, representing

the closing price of the Company’s Common Stock on the Nasdaq Capital Market on April 10, 2026, for an aggregate value of $75,000.

The

shares were issued in satisfaction of previously accrued and unpaid bonus compensation owed to Mr. Rossi and were approved by the Company’s

Board of Directors.

The

issuance of the shares was effected in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act

of 1933, as amended.

Item

7.01 Regulation FD Disclosure.

April 14, 2026, the Company issued a press release announcing that its Chief Executive Officer elected to receive shares of the Company’s

common stock in lieu of cash compensation. A copy of the press release is furnished herewith as Exhibit 99.1.

The

information furnished pursuant to this Item 7.01, including Exhibit 99.1, 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, nor shall it be deemed

incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as

expressly set forth by specific reference in such filing.

Item

9.01 Financial Statements and Exhibits.

(d)

Exhibits.

Exhibit

No.

Description

99.1

Press Release, dated April 14, 2026

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:

April 14, 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

Ltd. Announces CEO Acquires Stock, Reinforcing Confidence in Long-Term Strategy

Founder

& CEO acquires 88,214 shares at $0.8502, citing belief in operational progress, margin expansion, and path to cash-flow positivity

West

Seneca, New York, April 14, 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, overlanding, and consumer goods markets, today announced that its Founder and Chief Executive Officer, Steven Rossi, acquired

88,214 shares of the Company’s common stock at a deemed purchase price of $0.8502, the closing price of the Company’s

common stock on Friday, April 10, 2026, in satisfaction of previously accrued cash compensation, representing an aggregate value of

$75,000. The issuance of such shares was made pursuant to a stock purchase agreement, dated April 13, 2026.

This

transaction underscores management’s confidence in Worksport’s fundamental value, bolstered by a year of record revenue growth,

significant margin expansion, and a clear path toward operational cash-flow positivity in the second half of 2026.

The

CEO’s acquisition of additional shares follows a year of significant operational progress and continued investment into

Worksport’s asset base, including:

● Net

Sales Growth: From ~$1.5 million (2023) to $8.5 million (2024), and $16.1 million (2025),

with a forecast of $35 to $42 million in 2026

● Manufacturing

& Asset Value: A U.S.-based production facility in New York, appraised at

approximately $9 million in 2024, alongside continued investment in production equipment

and infrastructure supporting scaled output

● Strategic

Inventory Positioning: As of December 31, 2025, the Company held approximately $9.5

million in inventory to support anticipated demand and minimize supply chain volatility

● Intellectual

Property (IP) Portfolio: A growing global footprint consisting of approximately 25

utility patents, 50 design patents and registrations, and 44 registered trademarks

and 97 pending IP applications.

● Gross

Margin Expansion: From ~11% in Q4 2024 to approximately ~30% in Q4 2025

● Dealer

Network Expansion: From under 100 to over 550 locations across North America

● Product

Commercialization: Launch of SOLIS, COR, AL4, and HD3 in 2025, with an additional next-generation

product expected in Q2 2026

The

Company has indicated that, at approximately $9–11 million in quarterly revenue at targeted margin levels, it expects to

reach operational cash-flow positivity, a milestone it is actively pursuing in fiscal 2026

CEO

Commentary

“The

decision to increase my personal stake in Worksport by nearly 1% of the total outstanding stock reflects my unwavering belief

in our team’s execution and the intrinsic value of our assets,” said Steven Rossi.

“Over

the past two years, we have transformed the business - scaling revenue, expanding margins, building a national dealer network, and bringing

multiple products to market. While the share price has recently experienced pressure, I believe it does not fully reflect the underlying

progress we have made or the momentum we are building. Worksport management maintains its position that the company’s market

valuation is undervalued.

continued: “We have invested meaningfully to establish the foundation of this company. With that foundation now largely in place,

our focus is on execution - driving revenue growth, expanding distribution, and progressing toward operational cash-flow positivity.

I remain highly confident in our strategy and the long-term opportunity ahead.”

Upcoming

Catalysts and Innovation Pipeline

Worksport

enters fiscal 2026 with multiple growth drivers in motion:

● Core

Tonneau Cover Business: A now matured product lineup (including AL4 and HD3) positioned

to scale across both direct-to-consumer and B2B channels.

○ “Game

Changer” Product: The Company expects to debut a next-generation hard cover in

early Q2 2026, featuring patented capabilities designed to capture significant market share.

● Distribution

Expansion: Targeting significant dealer growth and broader national distribution partnerships

○ New

large scale distribution partnerships are expected within 2026.

● SOLIS

& COR Commercialization: Recently launched solar-integrated tonneau cover and portable

energy storage system, with initial revenue contribution expected to build through 2026

○ Business-to-Business

marketing and sales partnerships are being developed and deployed within 2026.

● OEM

& Strategic Partnerships: Ongoing engagement with automotive manufacturers and commercial

partners

○ Following

factory ISO certification in 2025, new partnerships are being focused on with OEMs in 2026.

● Terravis

Energy (AetherLux): Innovative cold-climate heat pump with industry leading performance,

representing a longer-term clean energy opportunity

○ Commercial

certification is expected within 2026.

Management

has emphasized that fiscal 2026 represents a transition from investment and buildout to monetization and operating leverage,

supported by improving margins and a scalable manufacturing base.

Long-Term

Focus, Near-Term Milestones

Worksport

continues to target:

● $35–$42

million in revenue for fiscal 2026

● ~35%

gross margin profile

● Operational

cash-flow positivity within the year

The

CEO’s acquisition is aligned with these objectives and reflects a continued focus on disciplined execution, capital efficiency,

and long-term shareholder value creation.

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

W: 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

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 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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