0001493152-24-007611.txt : 20240223 0001493152-24-007611.hdr.sgml : 20240223 20240223080028 ACCESSION NUMBER: 0001493152-24-007611 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240223 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Worksport Ltd CENTRAL INDEX KEY: 0001096275 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 650782227 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40681 FILM NUMBER: 24667278 BUSINESS ADDRESS: STREET 1: 2500 N AMERICA DR. CITY: WEST SENECA STATE: NY ZIP: 14224 BUSINESS PHONE: 1-888-554-8789 MAIL ADDRESS: STREET 1: 2500 N AMERICA DR. CITY: WEST SENECA STATE: NY ZIP: 14224 FORMER COMPANY: FORMER CONFORMED NAME: Worksport, Ltd DATE OF NAME CHANGE: 20200702 FORMER COMPANY: FORMER CONFORMED NAME: Franchise Holdings International, Inc. DATE OF NAME CHANGE: 20090512 FORMER COMPANY: FORMER CONFORMED NAME: TMANGLOBAL COM INC DATE OF NAME CHANGE: 19991005 8-K 1 form8-k.htm
false 0001096275 0001096275 2024-02-23 2024-02-23 0001096275 WKSP:CommonMember 2024-02-23 2024-02-23 0001096275 WKSP:WarrantsMember 2024-02-23 2024-02-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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):

February 23, 2024

 

Worksport, LTD

(Exact Name of Registrant as Specified in its Charter)

 

Nevada   001-40681   35-2696895
(State of
incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

2500 N America Dr

West Seneca, NY 14224

(Address of principal executive offices)

 

888-554-8789

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or former address if changed from 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 (see General Instruction A.2. below):

 

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 Symbol(s)   Name of each exchange on which registered
Common   WKSP   The Nasdaq Stock Market LLC
Warrants   WKSPW   The Nasdaq Stock Market LLC

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure

 

On February 23, 2024, Worksport Ltd. (the “Company”) issued a press release announcing New Distribution Partnership with Dix Performance North to Expand Presence Across Canada. A 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.

 

Exhibit No.   Description
99.1   Worksport announcing New Distribution Partnership with Dix Performance North to Expand Presence Across Canada
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: February 23, 2024 By: /s/ Steven Rossi
  Name: Steven Rossi
  Title:

Chief Executive Officer

(Principal Executive Officer)

 

 

 

EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada

 

West Seneca, New York, February 23, 2024 – Worksport Ltd. (Nasdaq: WKSP) (“Worksport” or the “Company”) is proud to announce a new distribution partnership with Dix Performance North, Canada’s leading wholesaler of aftermarket car and truck products. Dix Performance North - renowned for providing parts for all major car and truck brands, including industry giants like Ford, General Motors, Toyota, Hyundai, and Stellantis - will now include Worksport’s esteemed covers in their extensive catalog. This strategic alliance is expected to make Worksport’s range of covers widely available throughout Canada, promising to accelerate partnership growth and contribute to significant sales and revenue increases.

 

This partnership follows the successful appearance of Worksport’s Director of Business Development, Steve Raivio, at the prestigious automotive show earlier this week hosted by Dix Performance North, which saw participation from all major brands and manufacturers in the automotive industry.

 

During the show, new orders were placed for Worksport’s hard-folding tonneau covers, with expectations of further orders as the Company’s products continue to garner attention. Dix Performance North currently offers over 220 product lines from the industry’s most respected brand names and focuses on performance parts, vehicle accessories, light truck performance for both gas and diesel engines, truck accessories, car audio, and remote car starters. This includes but is not limited to names like Ford, General Motors, Toyota, Hyundai, and Stellantis.

 

Steve Raivio highlighted the enthusiastic reception of Worksport products at the show, noting their impressive performance during a rain storm, where they successfully protected cargo from the elements. “The AL3 Pro Hard Folding cover, showcased on a General Motors truck, is a testament to Worksport’s commitment to quality and compatibility with a broad range of popular truck models, including RAM by Stellantis, GMC and Chevrolet by General Motors, Ford, Jeep by Stellantis, Nissan, and Toyota,” Raivio added.

 

As the sales tour progresses, Worksport anticipates new developments and partnerships and is committed to keeping investors updated on the Company’s growth and expansion.

 

“Partnering with Dix Performance North is a milestone for Worksport that will significantly enhance our distribution capabilities across Canada,” said Raivio. “Our products are designed to meet the highest standards of quality and functionality, and we are thrilled to see that reflected in the positive response at the automotive show. We believe that this partnership will open up new avenues for growth and enable us to reach more customers with our innovative truck covers.”

 

For further information, please visit Worksport’s official website for investors at investors.worksport.com.

 

 
 

 

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, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport currently maintains an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with RAM, Chevrolet, and GMC models from General Motors, as well as Ford, Jeep, Nissan, and Toyota pickup trucks. 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 NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit investors.worksport.com.

 

Connect with Worksport

 

Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), 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. 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.

 

Worksport strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.

 

LinkedIn

Facebook

X (previously Twitter)

Instagram

YouTube

 

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 the Accounts to announce Company news and other information. The information shared on the Accounts could be deemed to be material information. As a result, the Company encourages investors, the media, and others to review the information the Company publishes on the Accounts.

 

For additional information, please contact: Steven Obadiah, Investor Relations, Worksport Ltd.

 

T: 1 (888) 554 8789 E: investors@worksport.com W:www.worksport.com

 

 
 

 

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,” “expect,” “future,” “intend,” “plan,” “project,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. As Worksport continues to innovate and expand the product line, it’s important to clarify the compatibility of Worksport’s hard-folding cover. This advanced accessory is designed to fit a variety of popular truck models, including RAM by Stellantis, GMC and Chevrolet from General Motors, Ford, as well as Jeep by Stellantis, Nissan, and Toyota pickup trucks. While we are proud of the broad compatibility of our product, we would like to emphasize that this does not imply exclusive partnerships with RAM by Stellantis, GMC, Chevrolet from General Motors, Ford, Jeep by Stellantis, Nissan, and/ or Toyota. Our commitment remains to provide high-quality, versatile truck accessories that meet the needs of a diverse range of customers and their vehicles. This statement looks forward to the possibilities that lie ahead while recognizing the current scope of our product’s reach and compatibility. This statement applies to RAM by Stellantis, GMC and Chevrolet from General Motors, Ford, as well as Jeep by Stellantis, Nissan, and Toyota, and to any other model for which we have not officially announced a partnership. Terravis Energy, a fully-owned subsidiary of Worksport LTD, may reference companies such as Tesla as examples for market development, given Tesla’s development of a heat pump. However, this does not imply that Terravis Energy has established a partnership with Tesla. Similar references to companies like Tesla in examples or explanations are purely informational and are used solely for the purpose of illustrating market trends or technological developments. Forward-looking 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 condition 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 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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