Worksport Ltd. Files 8-K with Material Agreement
Ticker: WKSP · Form: 8-K · Filed: Dec 11, 2025 · CIK: 1096275
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
Worksport filed an 8-K on 12/11/25 detailing a new material agreement and equity sales.
AI Summary
On December 11, 2025, Worksport Ltd. entered into a material definitive agreement. The filing also disclosed unregistered sales of equity securities and included financial statements and exhibits. The company, formerly known as Franchise Holdings International, Inc., is incorporated in Nevada and operates in the motor vehicle parts & accessories sector.
Why It Matters
This 8-K filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and regulatory risks.
Key Numbers
- 001-40681 — Commission File Number (Identifies the company's SEC filing history)
- 35-2696895 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Worksport Ltd. (company) — Registrant
- December 11, 2025 (date) — Date of Report
- Franchise Holdings International, Inc. (company) — Former Company Name
- Nevada (jurisdiction) — State of Incorporation
- MOTOR VEHICLE PARTS & ACCESSORIES (industry) — Standard Industrial Classification
FAQ
What is the nature of the material definitive agreement entered into by Worksport Ltd. on December 11, 2025?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text excerpt.
What type of equity securities were sold by Worksport Ltd. under the unregistered sales disclosure?
The filing mentions "Unregistered Sales of Equity Securities" but does not specify the type or amount of securities sold in the provided text.
When was Worksport Ltd. formerly known as Franchise Holdings International, Inc.?
Worksport Ltd. was formerly known as Franchise Holdings International, Inc. prior to a name change on July 2, 2020.
What is Worksport Ltd.'s primary business as indicated by its SIC code?
Worksport Ltd.'s Standard Industrial Classification (SIC) code is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.
Where is Worksport Ltd.'s principal executive office located?
Worksport Ltd.'s principal executive office is located at 2500 N America Dr, West Seneca, NY 14224.
Filing Stats: 1,849 words · 7 min read · ~6 pages · Grade level 15.4 · Accepted 2025-12-11 09:12:53
Key Financial Figures
- $0.0001 — f the Company's common stock, par value $0.0001 per share (the "Common Stock"), at a we
- $6 — at a weighted average exercise price of $6.82, issued on March 20, 2024 and March
- $2.90 — on Stock at a reduced exercise price of $2.90 per share, in consideration for the Com
- $6,400,000 — gregate gross proceeds of approximately $6,400,000 from the exercise of the Existing Warra
- $3.00 — nt will have an exercise price equal to $3.00 per share. The Inducement Warrants will
Filing Documents
- form8-k.htm (8-K) — 57KB
- ex4-1.htm (EX-4.1) — 131KB
- ex10-1.htm (EX-10.1) — 86KB
- 0001493152-25-027177.txt ( ) — 481KB
- wksp-20251211.xsd (EX-101.SCH) — 3KB
- wksp-20251211_lab.xml (EX-101.LAB) — 33KB
- wksp-20251211_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WORKSPORT LTD. Date: December 11, 2025 By: /s/ Steven Rossi Name: Steven Rossi Title: Chief Executive Officer (Principal Executive Officer)