Worksport LTD 8-K filings

Worksport Ltd. implemented a 1-for-10 reverse stock split and reduced the number of authorized shares, effective March 18, 2025.

Worksport Ltd. believes its market valuation doesn't fully reflect its business fundamentals and is targeting cash flow positivity and meaningful growth in 2025.

Worksport Ltd. announces a 1-for-10 reverse stock split effective March 18, 2025, as part of its plan to regain compliance with Nasdaq's minimum bid price requirement.

Worksport's subsidiary, Terravis Energy, announces positive reception for its AetherLux heat pump system featuring ZeroFrost technology, which has garnered significant interest from global manufacturers.

Worksport Ltd. raises approximately $6.7 million by incentivizing the exercise of existing warrants and issuing new warrants.

Worksport Ltd. announces a 30% expansion of its dealer network in early 2025 and the availability of its AL4 Premium Tonneau Cover on its e-commerce platform.

Worksport's subsidiary, Terravis Energy, introduces the AetherLux heat pump featuring ZeroFrost technology, eliminating defrost cycles and setting new performance standards.

Worksport Ltd. has commenced shipments of its AL4 tonneau cover, with plans to increase production following positive initial customer feedback.

Worksport has announced its initial purchases of Bitcoin and Ripple as part of a new cryptocurrency treasury strategy to hedge against inflation and embrace digital assets.

Worksport has selected Coinbase as its preferred cryptocurrency custodian to manage its Bitcoin and XRP holdings, aligning with its previously announced cryptocurrency treasury strategy.

Worksport's subsidiary, Terravis Energy, has announced a breakthrough in heat pump technology, claiming to solve key market challenges and initiating a 20-day countdown to its global reveal.

Worksport Ltd. reported strong Q4 2024 results, surpassing revenue guidance with $2.93 million in revenue and a significant increase in gross margins, particularly in December.

Worksport announces the launch of its new HD3 premium tri-fold tonneau cover, building on the momentum of the AL4, and teases upcoming COR and SOLIS clean-tech products.

Worksport Ltd. reports significant revenue growth in 2024 and anticipates further expansion in 2025 with new product launches and strategic initiatives.

Worksport Ltd. has launched a new investor relations website and highlighted its strategic vision, including a target market of $13 billion.

Worksport Ltd. reports significant growth in its dealer network, secures pre-orders for its new AL4 tonneau cover, and progresses with its Bitcoin and Ripple treasury strategy.

Worksport Ltd. successfully held its 2024 Annual Shareholder Meeting, electing all director nominees and approving key proposals including the ratification of the company's accounting firm.

Worksport showcased its clean energy solutions on Fox & Friends, highlighting its commitment to innovation and domestic manufacturing.

Worksport will showcase its AL4 tonneau cover, Solis solar cover, and COR portable energy system on FOX & Friends, aiming to reach over one million viewers.

Worksport Ltd. reports substantial sales growth in November, with a 51% increase in B2C sales and a 60% increase in B2B sales, alongside improved gross margins.

Worksport Ltd. announces it will adopt Bitcoin and XRP for its corporate treasury, allocating up to 10% of excess operational cash and enabling crypto payments on its e-commerce platform.

Worksport is increasing its production capacity by expanding its workforce and adding a second shift to meet growing sales demand and prepare for the launch of its AL4 tonneau cover.

Worksport Ltd. CEO Steven Rossi purchased shares at a 44% premium to market price while the company investigates potential illegal short selling activity.

Worksport Ltd. announced a 581% year-over-year revenue increase in Q3 2024, reaching $3.12 million, and anticipates significant growth in 2025.

Worksport Ltd. has announced its Q3 2024 earnings call scheduled for November 13th, where they will discuss financial performance, growth trends, and future plans.

Worksport Ltd. announces an upgrade to its SOLIS solar tonneau cover technology, reducing consumer costs by up to $400 and increasing compatibility with various battery generator systems.

Worksport Ltd. reports a significant 200% growth in B2B sales and initiates pre-orders for its new AL4 Premium Tonneau Cover.

Worksport Ltd. announces the production of its AL4 Premium Tonneau Cover, anticipating a major revenue surge in 2025 within the $4 billion tonneau cover market.

Worksport Ltd. has received a 180-day extension from Nasdaq to regain compliance with the minimum $1 bid price requirement, extending the deadline to April 14, 2025.

Worksport Ltd. announces strategic cost-saving measures projected to save over $2 million, enhancing financial stability ahead of upcoming product launches.