WKSP News & Events

Worksport announced three new commercial and operational developments that management believes mark a potential inflection point in Worksport's 2026 growth plan. The Company announced that it has secured Meyer Distributing as a new national distribution partner, achieved 35% gross margin in May 2026, and is now targeting a $36 million+ 12-month revenue opportunity supported by increasing B2C activity, expanding B2B distribution, newly launched products, and improving operating leverage. With annualized revenue currently tracking above $20 million and momentum continuing to build during the second quarter, management believes the Company is entering the second half of 2026 with a significantly stronger commercial and operating foundation.

Worksport announced a premium-priced direct investment from a specialized private investment firm based in Jericho, New York. The direct investment was priced at $1.20 per unit, representing approximately a 100% premium to Worksport's recent trading price of $0.5983, underscoring the investor's confidence in the Company's outlook and long-term growth potential. The financing also includes warrants exercisable at $1.50 per share, further aligning the transaction with potential future upside in Worksport's common stock. The investor has also expressed interest in evaluating additional financing transactions with Worksport of up to $10 million, subject to market conditions, available registration capacity, regulatory requirements, definitive documentation, and Company approval. There can be no assurance that any additional financing will be completed, and any such transaction would be subject to negotiation and execution of definitive agreements on terms acceptable to both parties.

Worksport announced that its clean-energy subsidiary, Terravis Energy, has been issued U.S. Patent No. 12,624,872 B2 by the United States Patent and Trademark Office for its AetherLux heat-pump system incorporating ZeroFrost technology. The patent, titled "Heat Pump System and Components Thereof," protects core and ancillary system architecture features related to the Terravis Energy's ZeroFrost platform, including proprietary configurations designed to support continuous heating performance while reducing or eliminating the need for conventional defrost cycles. Further patent applications are pending in various jurisdictions worldwide.