secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-06-25T12:01:42+00:00
Accession:  0001493152-26-030034
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Worksport regains Nasdaq $1 bid price, reports 35% May gross margin, $36M+ revenue run-rate target
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- Stock closed above $1.00 on June 24, regaining Nasdaq minimum bid price compliance; increased 75% in 5 trading days.
- Preliminary May gross margin of ~35%, up ~660 bps from Q1's 28.4%, despite aluminum inflation.
- Meyer Distributing added as national partner; Worksport projects $36M+ annual revenue run-rate, current run-rate $21M+.
- CEO Rossi elected to receive shares in lieu of cash compensation; completed two direct investments including premium-priced one.
- Live investor town hall scheduled for June 30 at 12:05 PM ET with CEO Rossi.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226030034/0001493152-26-030034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226030034/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-030034

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