Every material Form 8-K Worksport Ltd has filed with the SEC since October 06, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Worksport Ltd. said it signed a non-binding term sheet to acquire a patented, U.S.-manufactured truck bed accessory business and its intellectual property portfolio, which would be the company's first acquisition. The filing does not disclose deal terms, and completion depends on due diligence, definitive agreements and closing conditions, with no assurance that a deal will be completed. The announcement came after preliminary third-quarter results showing record net sales of about $7.24 million and operating cash use reduced to about 5% of net sales.
The term sheet is non-binding; completion depends on due diligence, definitive agreements and closing conditions, and there is no assurance a deal will be signed or completed.
The target is a patented, U.S.-manufactured truck bed accessory already on the market, which the company says would be its first acquisition.
Preliminary, unaudited Q3 results reported November 3, 2026 showed record net sales of about $7.24 million and operating cash use of about 5% of net sales.
Worksport cites more than 50,000 targetable customers, and its distribution network accounted for 50% of September net sales.
Worksport Ltd. reported preliminary third-quarter 2026 results showing record net sales of approximately $7.24 million, up 44% year over year. Net cash used in operating activities fell 89% from the second quarter to approximately $0.37 million as the company converted inventory into sales and cash. The figures are preliminary and unaudited and may change in the Form 10-Q.
Net sales of approximately $7.24 million, up 44% year over year and 38% from the second quarter
Net cash used in operating activities of approximately $0.37 million, down from about $3.4 million in Q2 and about $8.2 million in Q1
September net sales were a company record $2.68 million, and B2B and distribution reached 50% of September net sales
Full third-quarter results to be reported in the Form 10-Q, with an earnings call on November 10, 2026
Worksport said preliminary August 2026 sales orders were about $2.92 million, up 16.4% from July, and preliminary net sales rose 5.6% to $2.34 million. Estimated backlog grew 145.1% to about $898,000 because orders exceeded invoicing, and the company reported gross margin above 30% for a fourth consecutive month. The monthly figures are preliminary and unaudited, and the filing states that the run-rate metrics are not forecasts or full-year guidance.
August sales orders of about $2.92 million, up 16.4% from about $2.51 million in July
Preliminary August net sales of $2.34 million, up 5.6%; invoiced sales about $2.39 million
Estimated month-end backlog of about $898,000, up 145.1% from an updated July balance of about $366,000
Annualized sales-order run rate of about $35.05 million; the company said August was the fourth consecutive month with preliminary gross margin above 30%
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