WKSP Worksport Ltd

 

 

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 5, 2025

 

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 ☐

 

If 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.

 

On June 5, 2025, Worksport Ltd. (the “Company”) issued a press release: “Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones”. 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. 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.		Description
99.1		Press Release dated June 5, 2025, “Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones”
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 5, 2025	By:	/s/ Steven Rossi
	Name:	Steven Rossi
	Title:	Chief Executive Officer (Principal Executive Officer)

 

 

 

 

Exhibit 99.1

 

Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones

 

Company Projects Millions in New 2025 Revenues. Modular Nano-Grid System Delivers 4,000Wh+ of Solar Generated Energy; Targeting Vehicles, Jobsites, Military, and Portable Power Markets.

 

West Seneca, New York, June 05, 2025 — Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today confirmed a Fall 2025 commercial launch for its much-anticipated modular nano-grid system, known as SOLIS & COR. This announcement follows the successful completion of key engineering milestones and validation benchmarks across both systems. The Company also released initial revenue forecasts, signaling strong commercial traction ahead of launch.

 

Designed to function either independently or as an integrated energy ecosystem, the SOLIS solar tonneau cover and COR portable power system are engineered to empower over 60 million pickup trucks in the U.S. with the ability to generate and store power—anytime, anywhere. Importantly, while the SOLIS tonneau cover targets the pickup truck market, the COR system can serve a wide range of broad global consumer applications, unlocking new lifestyle and recreational verticals - “anybody, anywhere”. As a result, the Company’s total addressable market (TAM) is projected to triple, expanding from $4 billion to more than $13 billion.

 

 

Figure 1: Closeups of the Worksport SOLIS & COR Nano-Grid

 

“The portable energy market is expanding rapidly, with a projected CAGR of 24.2%,” said Steven Rossi, Chief Executive Officer of Worksport. “After three years of focused development, we’re excited to confirm the 2025 launch of SOLIS and COR. These are transformational platforms that open the door to the North American and global consumer markets, long-term scalability, and a new chapter of innovation for our Company.”

 

Engineering Validation and Product Readiness

 

Worksport’s COR modular portable power system has successfully passed all internal and third-party laboratory tests. The Company has finalized tooling and received initial production-ready units, which have been submitted for global UL certification. Approvals are expected within approximately two months.

 

 

In parallel, the SOLIS solar-integrated tonneau cover has completed initial beta deployment with real-world customers. These early commercial users have paid for their systems, and have already begun leveraging SOLIS in everyday conditions, demonstrating robust system performance and strong product-market fit. The Company views these achievements as critical technical validation ahead of full-scale commercialization.

 

Read more about the Worksport COR & SOLIS System: [here]

 

Revenue Outlook and Strategic Market Positioning

 

Following third-party validation, Worksport anticipates generating $2-3 million in new 2025 revenue from SOLIS and COR—representing a high double-digit gross margin vertical distinct from its core tonneau cover business. With both systems advancing toward market launch, management expects these products to scale rapidly, targeting 8-figure annual revenue in 2026 and long-term recurring growth in the mobile power and clean energy markets. Complementing Worksport’s existing 8-figure and growing tonneau cover business.

 

SOLIS is a patented, first-of-its-kind solar solution in the U.S. truck accessories sector—an expanding and resilient market with strong demand among North American pickup truck owners. Meanwhile, COR is being positioned to directly challenge market leaders in the portable power industry, including a Chinese competitor reportedly growing at 300% annually with over $1 billion in projected yearly sales. Worksport believes COR will compete favorably on performance, an innovative patented design, and pricing, bolstered by U.S.-based operations and a proprietary modular architecture.

 

Manufacturing Progress and Commercial Launch Plans

 

The SOLIS system is currently in assembly at Worksport’s ISO-certified U.S. facility near Buffalo, New York. Manufacturing planning for COR is proceeding in parallel, aligning with targeted launch timelines and ensuring readiness for scaled deployment. As the Company finalizes certifications and market preparations, it anticipates sharing further updates in the coming weeks regarding product availability, retail pricing, and an expanded roadmap for the SOLIS-COR ecosystem.

 

“These aren’t just new products—they’re strategic platforms for multi-channel expansion,” added Rossi. “COR and SOLIS are built to solve real-world challenges, designed with mass-market scalability in mind, and protected by a robust IP portfolio. With testing complete and final prototypes in hand, we are now ready to bring these innovations to market with full confidence.”

 

For further information:

 

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128

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

Join: Worksport’s Newsletter

 

 

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 (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.

 

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.

 

 

 

v3.25.1

Cover	Jun. 05, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 05, 2025
Entity File Number	001-40681
Entity Registrant Name	WORKSPORT LTD.
Entity Central Index Key	0001096275
Entity Tax Identification Number	35-2696895
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	2500 N America Dr
Entity Address, City or Town	West Seneca
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14224
City Area Code	(888)
Local Phone Number	554-8789
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common
Trading Symbol	WKSP
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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