Welcome to our dedicated page for Worksport news (Ticker: WKSP), a resource for investors and traders seeking the latest updates and insights on Worksport stock.
Worksport Ltd (WKSP) delivers innovative solutions through its automotive accessories and sustainable energy systems. This news hub provides investors and industry observers with official updates on corporate milestones, product developments, and financial performance.
Access timely press releases covering earnings reports, manufacturing advancements, and technological breakthroughs in solar integration. Track strategic partnerships and regulatory filings that shape the company's position in both automotive and clean energy markets.
Our curated collection ensures transparent access to Worksport's operational updates without speculative analysis. Discover announcements about new tonneau cover designs, hydrogen energy initiatives, and intellectual property developments directly from primary sources.
Bookmark this page for streamlined monitoring of Worksport's progress in merging automotive functionality with sustainable technology. Verify all information through official SEC filings and company communications linked within each news item.
Worksport Ltd. (Nasdaq: WKSP; WKSPW) announced the development of a new EV-related product called NPEV, aimed at transforming the green energy market. This initiative aims to support the decarbonization of transportation. With a strong engineering team, Worksport plans to update investors on its capital allocation for long-term growth. Currently, the company holds approximately $29 million in cash, equating to around $2 per share, and is positioned for future growth in the EV and sustainable energy sectors.
Worksport Ltd. (Nasdaq: WKSP, WKSPW) announced the closing of a public offering of 3,272,727 units at $5.50 per unit, generating approximately $18 million in gross proceeds. Each unit comprises one share of common stock and a warrant to purchase one share at an exercise price of $6.05, which began trading on Nasdaq on August 4, 2021. The offering included a 45-day option for underwriters to purchase additional shares. The announcement follows a 1-for-20 reverse stock split effective on August 4, 2021.
Worksport Ltd. (Nasdaq-CM: WKSP; WKSPW) has received approval to list its common stock and warrants on the Nasdaq Capital Markets Exchange, effective August 04, 2021. This move follows a 1-for-20 reverse stock split and aims to enhance visibility among institutional investors, potentially broadening its shareholder base. The company reported over $20 million in cash, no long-term debt, and a commitment to using its strengthened balance sheet for growth opportunities.
Worksport Ltd. (OTC: WKSP) has announced a public offering of 3,272,727 units priced at $5.50 each, aimed at raising $18 million. Each unit includes one share of common stock and one warrant, exercisable at $6.05. The offering will close on August 6, 2021, following a 1-for-20 reverse stock split effective August 4, 2021. The company has also granted underwriters a 45-day option for additional stock. The shares will trade on the Nasdaq under symbols WKSP and WKSPW.
Worksport Ltd. (OTC: WKSP) will present at the LD Micro Invitational XI on June 8, 2021, at 1:30 PM EDT. CEO Steven Rossi will discuss the company's advancements in sustainable energy and upcoming innovations. The event runs from June 8-10, featuring around 180 companies and influential keynotes. Worksport is focused on eco-friendly solutions, including solar-powered systems and modular tonneau covers, targeting truck owners and outdoor enthusiasts. For more information, visit worksport.com.
Worksport Ltd (OTC: WKSP) announced a strategic partnership with Ontario Tech University to enhance research and development efforts. The collaboration, spanning two years, grants access to the ACE Testing Facility, aiming to finalize prototyping of the TerraVis Solar Truck Bed Cover System by Q3 2021. Professor Sheldon Williamson, PhD, will lead the research team, enhancing product optimization and energy efficiency. This partnership is expected to boost operational efficiencies and supports Worksport's goals to innovate in green electric applications, with plans for future collaborations with other institutions.
Worksport Ltd (OTC: WKSP) has announced significant growth in its workforce to enhance its R&D capabilities. The company has hired two full-time industrial engineers, an industrial designer, and two advisory engineers with extensive experience in mechanical and electrical fields. Additionally, Worksport is expanding its operational team in a new Canadian facility, focusing on marketing and customer service roles. The CEO emphasizes that this strategic hiring aims to support the launch of the TerraVis product line and future innovations, thereby creating substantial value for stakeholders.
Worksport Ltd (OTC: WKSP) has announced significant progress on its TerraVis COR™ mobile energy storage system. The company has completed final designs and entered the production prototype phase, with the first prototype expected by early Q3 2021. A specialized website is set to launch soon due to growing demand. CEO Steven Rossi emphasizes the system's user-friendly design and potential as a global product. Additionally, Worksport is pursuing sales through major online retailers and physical stores to broaden its market presence.
Worksport Ltd (OTC: WKSP) has made significant strides in expanding its customer base, securing three new private label customers in the automotive sector. Following its announcement on March 16, 2021, the Company is witnessing overwhelming product demand, leading to a queue of additional customer orders. Worksport aims to realize profitability once again, as seen in 2019, and plans its first shipment from the latest signed Private Label brand. CEO Steven Rossi emphasizes the importance of strengthening manufacturing capabilities to meet increasing demand.
Worksport Ltd (OTC: WKSP) announced its participation at the Benzinga Global Small Cap Conference on May 13-14, 2021, inviting shareholders to explore investment opportunities. The company also signed a lease for a new manufacturing facility in Mississauga, Ontario, aimed at enhancing production capabilities and opening new opportunities. This facility is expected to support Worksport’s growth and product development, particularly in modular tonneau covers and solar-powered systems for light-duty trucks. Shareholders are encouraged to register for updates via company newsletters and social media.
