other material
confidence high
sentiment neutral
materiality 0.40
Worksport shareholders re-elect board, approve reverse split up to 1-for-250
Worksport Ltd
- All five director nominees re-elected: Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol, Ned L. Siegel.
- Ratified Lumsden & McCormick LLP as independent auditor for FY2026; 23,569,620 votes for.
- Advisory proposal approved for board to consider special dividends on asset sales (18,109,611 for).
- Board authorized reverse stock split at ratio 1-for-2 to 1-for-250, or forward split, until Sept 2028.
- Quorum 76.94% of voting power; CEO Steven Rossi controls 51% via Series A Preferred Stock.