SCHEDULE: Armistice Capital Discloses 4.99% Stake in WorkSport Ltd.

Armistice Capital, LLC and Steven Boyd have jointly filed a Schedule 13G, reporting beneficial ownership of 4.99% of WorkSport Ltd.'s common stock as of March 31, 2026.

Summary

• Armistice Capital, LLC and Steven Boyd have filed an amendment to their Schedule 13G, reporting their beneficial ownership of WorkSport Ltd. common stock.
• As of March 31, 2026, the reporting persons collectively beneficially own 611,096 shares, representing 4.99% of the class of securities.
• Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., the direct holder of the shares.
• Steven Boyd is the managing member of Armistice Capital, LLC and may be deemed to beneficially own the shares held by the Master Fund.
• The filing indicates that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on existing ownership and does not contain new financial performance data or strategic shifts that would significantly alter the investment thesis.

Positives

• Reporting persons hold a significant minority stake (4.99%) in WorkSport Ltd., indicating investor confidence.
• The filing confirms that the shares are held in the ordinary course of business, suggesting a standard investment strategy rather than a hostile takeover attempt.

Negatives

• The filing does not contain any negative financial results or operational challenges.
• The Master Fund disclaims beneficial ownership of the securities it holds, which is a standard legal disclaimer in such filings.

Risks

• Potential for increased scrutiny from the market or management due to the reporting persons' significant stake.
• The filing does not detail specific risks, but any investment carries inherent market risks.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from WorkSport Ltd. It primarily reports on beneficial ownership.

Management Comments

• Armistice Capital, LLC exercises voting and investment power over the securities held by the Master Fund.
• Mr. Boyd, as the managing member of Armistice Capital, may be deemed to beneficially own the securities.
• The Master Fund disclaims beneficial ownership of the securities it holds.
• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates Armistice Capital's strategic interest in WorkSport Ltd., a move often preceding further engagement or investment.

Stakeholder Impact

• Shareholders: May see increased market interest in WorkSport Ltd. due to the disclosure of a significant institutional investor.
• Management: May need to engage with Armistice Capital regarding their investment strategy and the company's direction.

Next Steps

• Continued monitoring of Armistice Capital's stake and any potential future filings or actions related to WorkSport Ltd.

Key Dates

Keywords

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