Worksport Ltd. filed a Form 8-K with the SEC on November 4, 2026, disclosing that the company signed a term sheet to acquire a U.S.-manufactured truck bed accessory business and an accompanying intellectual property portfolio.

Key Highlights

  • Term sheet signed: Worksport disclosed it signed a term sheet to acquire a U.S.-manufactured truck bed accessory business and accompanying IP portfolio, according to the filing.
  • Press release issued: The company issued a press release on November 4, 2026, announcing the signed term sheet, attached as Exhibit 99.1.
  • Disclosure type: The information was filed under Item 7.01, Regulation FD Disclosure, and is listed as NASDAQ:WKSP.
  • Signing authority: The filing was signed by Steven Rossi, Chief Executive Officer and Principal Executive Officer of Worksport Ltd.
  • Not deemed "filed": The filing states the Item 7.01 disclosure and attached exhibit "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934."

Worksport Discloses Term Sheet for U.S. Truck Bed Accessory Business and IP Portfolio

Worksport Ltd. (NASDAQ:WKSP), based in West Seneca, New York, filed a Current Report on Form 8-K dated November 4, 2026, disclosing that the company had signed a term sheet to acquire a U.S.-manufactured truck bed accessory business along with an accompanying intellectual property portfolio. The disclosure was made under Item 7.01, Regulation FD Disclosure, according to the filing.

The filing did not provide financial terms, the identity of the target business, or further details about the scope of the IP portfolio. A press release dated November 4, 2026, titled "Worksport Signs Term Sheet to Acquire U.S.-Manufactured Truck Bed Accessory Business and Accompanying IP Portfolio," was attached as Exhibit 99.1. The filing noted that the information furnished under Item 7.01 and the attached exhibit are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and are not incorporated by reference into the company's other filings under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

The report was signed on behalf of the registrant by Steven Rossi, identified as Chief Executive Officer and Principal Executive Officer of Worksport Ltd. The company is incorporated in Nevada, holds Commission File Number 001-40681, and lists its principal offices at 2500 N America Dr, West Seneca, New York 14224.

What Was Disclosed

Worksport Ltd. disclosed via a Regulation FD filing that it signed a term sheet to acquire a U.S.-manufactured truck bed accessory business and an IP portfolio. No financial terms or target identity were disclosed in the filing itself.