SCHEDULE: Armistice Capital Amends Worksport Stake to 4.99%

Armistice Capital, LLC and Steven Boyd have filed an amendment to their Schedule 13G, reporting a 4.99% beneficial ownership stake in Worksport Ltd as of June 30, 2025.

Summary

• Armistice Capital, LLC and Steven Boyd reported a beneficial ownership of 260,166 shares of Worksport Ltd Common Stock.
• This ownership represents 4.99% of the total class of Worksport Ltd's Common Stock.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership position.
• Both Armistice Capital, LLC and Steven Boyd hold shared voting power and shared dispositive power over all 260,166 shares.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Worksport Ltd.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor, indicating a passive stake just under the 5% threshold. It does not inherently convey positive or negative sentiment regarding the issuer's performance or future prospects, but rather reflects an investment position.

Positives

• A significant institutional investor, Armistice Capital, maintains a substantial stake in Worksport Ltd, indicating continued interest.
• The filing confirms a passive investment intent, suggesting no immediate plans by the reporting persons to influence company control.

Negatives

• The filing itself does not present any negative operational or financial information about Worksport Ltd.
• The 4.99% stake is just below the 5% threshold, which may indicate a strategic decision by the investor to maintain a passive position and avoid additional reporting requirements associated with larger stakes.

Risks

• No specific operational or financial risks of Worksport Ltd are disclosed in this beneficial ownership report.
• The primary risk related to this filing is the potential for future changes in the reporting persons' investment strategy, including divestment, which could impact the stock price.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor. It does not provide specific industry context or trends for Worksport Ltd, but rather reflects an investment decision within the broader market.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of an investment stake and does not contain information for comparison to industry operational or financial benchmarks.
• It details a passive investment by Armistice Capital, LLC, a common practice for investment advisers managing client funds.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception.
• Management: Awareness of a significant passive investor holding.

Key Dates

Recommendation

This Schedule 13G filing primarily discloses a passive beneficial ownership stake by Armistice Capital, LLC and Steven Boyd in Worksport Ltd. While the presence of an institutional investor holding a 4.99% stake can be viewed as a neutral to slightly positive signal of confidence, the filing does not contain any financial performance data, strategic updates, or forward-looking guidance from the company itself that would warrant a 'buy' or 'sell' recommendation. The investment is stated to be for ordinary course of business, not for control, suggesting a 'hold' position is appropriate based solely on this disclosure.

Keywords

Worksport Ltd, Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, SEC Filing