Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On May 21, 2021, Worksport Ltd, a Nevada corporation (the "Company"), filed a
Certificate of Amendment to its Articles of Incorporation with the Nevada
Secretary of State (the "Amendment") to effect a reverse split of the Company's
outstanding shares of common stock, par value $0.0001 per share (the "Common
Stock"), at a ratio of 1-for-20 (the "Reverse Stock Split").
Pursuant to the Amendment, every twenty (20) shares of the Company's Common
Stock issued and outstanding or held in treasury (if any) immediately prior to
the effectiveness of Amendment shall be automatically reclassified as and
combined, without further action, into one (1) validly issued, fully paid and
nonassessable share of Common Stock, par value $0.0001 per share. No fractional
shares will be issued in connection with the Reverse Stock Split; but rather,
the Company will issue one whole share of the post-Reverse Stock Split Common
Stock to any stockholder who otherwise would have received a fractional share as
a result of the Reverse Stock Split.
As previously disclosed by the Company on a Definitive Information Statement on
Schedule 14C filed by the Company with the Securities and Exchange Commission on
April 26, 2021, and distributed to holders of record as of April 15, 2021, on
April 15, 2021, the holder of the Company's outstanding voting stock approved by
written consent in lieu of a meeting of stockholders to grant the Company's
Board of Directors discretionary authority, without further stockholder
approval, to file a Certificate of Amendment to the Company's Articles of
Incorporation with the Nevada Secretary of State at any time before December 31,
2021, to effect a reverse stock split of the Company's outstanding Common Stock
by a ratio of not less than 1-for-10 (1:10) and not more than 1-for-30 (1:30),
as determined by the Board. The Board approved the 1-for-20 ratio of the Reverse
Stock Split on May 21, 2021.
The Company notified Financial Regulatory Authority, Inc. ("FINRA") of the
Reverse Stock Split as required by Rule10b-17 under the Securities Exchange Act
of 1934, as amended, and the rules and procedures of FINRA on May 26, 2021. The
Reverse Stock Split will not begin trading on a split-adjusted basis until it is
processed and published by FINRA on the Daily List available on OTCBB.com.
The foregoing description of the Reverse Stock Split does not purport to be
complete and is qualified in its entirety by reference to the complete text of
the Certificate of Amendment, a copy of which is filed with this report as
Exhibit 3.1 and is incorporated into this report by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No: Description:
3.1 Certificate of Amendment to the Articles of Incorporation of
Worksport Ltd, filed on May 21, 2021© Edgar Online, source Glimpses
WORKSPORT LTD. 
