---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-029499"
form_type: "8-K"
ticker: "WKSP"
cik: "0001096275"
company_name: "Worksport Ltd"
filed_at: "2026-06-22T12:01:17+00:00"
generated_at: "2026-06-22T12:06:33.703954+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Worksport reports 35% May gross margin, adds Meyer Distributing, targets $36M+ revenue run-rate

## Summary
- Preliminary May 2026 gross margin ~35% (up from 28.4% in Q1 2026 and 11% in Dec 2024).
- Secured Meyer Distributing as multinational distribution partner; initial purchase order for Worksport tonneau covers.
- B2C activity ~$12M annualized; B2B potential ~$24M+ with Meyer, supporting $36M+ total annualized revenue opportunity.
- Targets initial operational cash-flow positivity within 2026; estimates ~$9M quarterly revenue needed at 35% gross margin.

## SEC filing metadata
- accession: 0001493152-26-029499
- form_type: 8-K
- ticker: WKSP
- cik: 0001096275
- company_name: Worksport Ltd
- filed_at: 2026-06-22T12:01:17+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1096275/000149315226029499/0001493152-26-029499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1096275/000149315226029499/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-029499
- JSON: https://secwatch.observer/filing/0001493152-26-029499.json
- Plain text: https://secwatch.observer/filing/0001493152-26-029499.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.