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Worksport (NASDAQ:WKSP) Regains $1 Bid Price Requirement, Announces CEO Town Hall, Highlights Multiple Recent Growth Drivers in CEO Letter

  • Worksport's common stock closed above $1.00 on June 24, 2026, achieving a 75% increase over five trading days & maintaining full compliance with Nasdaq's minimum bid price requirement.
  • The company announced preliminary May 2026 gross margins of approximately 35%, a 660 basis point increase from Q1 2026, driven by manufacturing efficiency & pricing discipline despite aluminum inflation.
  • Meyer Distributing has been added as a new national distribution partner to expand access to dealers, installers, & aftermarket resellers across North America.
  • Worksport projects a $36+ million annualized revenue run-rate target supported by B2C activity, expanding B2B distribution, & new product launches, with current 2026 revenue running at $21+ million.
  • The company completed two direct investments at premium pricing & is evaluating additional financing of up to $10 million subject to customary conditions.
  • CEO Steven Rossi elected to receive additional company shares instead of cash compensation on June 9, 2026, signaling alignment with long-term value creation.
  • The NEXUS tonneau cover is showing traction as part of a broader commercial strategy alongside SOLIS & COR product progress.
  • Terravis Energy subsidiary continues developing ZeroFrost™ heat-pump technology, with product certification expected in the second half of 2026.
  • A live investor town hall is scheduled for Tuesday, June 30, 2026, at 12:05 p.m. ET to discuss the 2026 execution plan, operational cash flow positivity goals, & strategic synergies.
  • Shareholders & interested parties can register for the event via Zoom & submit questions in advance to investors@worksport.com.