Breaking Cleantech Automotive Stock News:
Worksport Ltd. (NASDAQ: $WKSP) Granted Nasdaq Extension to Regain Compliance
with $1 Minimum Bid Price; @WorksportLtd
Company Receives Additional
180 Days to Execute Growth Initiatives and Enhance Shareholder Value
West
Seneca, New York - October 18, 2024 (Investorideas.com Newswire) Worksport Ltd.
(NASDAQ:
WKSP) ("Worksport" or the
"Company"), a U.S.-based manufacturer and innovator of hybrid and
clean energy solutions for the light truck, overlanding, and global consumer
goods sectors, announced that the Company has received written notice from The
Nasdaq Stock Market LLC ("Nasdaq") informing the Company that Nasdaq
has determined that the Company is eligible for an additional 180 calendar day
period, or until April 14, 2025, to regain compliance with the minimum $1 bid
requirement under Nasdaq Listing Rule 5550(a)(2).
Paid News dissemination for Worksport Ltd.
Read this news, featuring WKSP in full at https://www.investorideas.com/news/2024/10181WKSP-Granted-Nasdaq-Minimum-Bid-Price.asp
CEO Commentary:
"We are pleased to receive this
extension from Nasdaq, which aligns with our confidence in Worksport's strategic direction," said Steven
Rossi, CEO of Worksport Ltd. "As our revenues reach all-time highs and
we approach cash flow positivity in the near term,
the upcoming release of three innovative product lines positions us for immense
opportunity. We firmly believe Worksport is undervalued and
poised for significant growth. We are excited to unlock substantial
value for our shareholders during this pivotal time."
About Worksport
Worksport Ltd. (NASDAQ: WKSP),
through its subsidiaries, designs, develops, and manufactures a range of
tonneau covers, solar integrations, portable energy storage systems, and
heat-pump technologies, all underpinned by proprietary intellectual property.
The Company is dedicated to delivering innovative clean energy solutions that
enhance functionality, efficiency, and sustainability.
Worksport Ltd. is headquartered in
Buffalo, NY.
For more information, please
visit investors.worksport.com, investors.worksport.com, terravisenergy.com.
Connect with Worksport
Please follow the Company's social
media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube,
and Instagram (collectively, the
"Accounts"), the links of which are links to external third party
websites, as well as sign up for the Company's newsletters at investors.worksport.com.
The Company does not endorse, ensure the accuracy of, or accept any
responsibility for any content on these third-party websites other than content
published by the Company.
Product social media
Investor social media
X (formerly
Twitter)
LinkedIn
Link to
Newsletter
Investors and others should note that
the Company announces material financial information to our investors using our
investor relations website, press releases, Securities and Exchange Commission
("SEC") filings, and public conference calls and webcasts. The
Company also uses social media to announce Company news and other information.
The Company encourages investors, the media, and others to review the information
the Company publishes on social media.
The Company does not selectively
disclose material non-public information on social media. If there is any
significant financial information, the Company will release it broadly to the
public through a press release or SEC filing prior to publishing it on social
media.
For additional information, please
contact:
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E:
investors@worksport.com
Forward-Looking Statements
The information contained herein may contain "forwardâ€looking statements." Forwardâ€looking statements reflect the
current view about future events. When used in this press release, the words
"anticipate," "believe," "estimate,"
"expect," "future," "intend," "plan,"
"project," "should," or the negative of these terms and
similar expressions, as they relate to us or our management, identify forwardâ€looking statements. These statements
are neither historical facts nor assurances of future performance. Instead,
they are based only on our current beliefs, expectations and assumptions
regarding the future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are difficult to predict
and many of which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the forward-looking
statements include, among others, the following: (i) supply chain delays; (ii)
acceptance of our products by consumers; (iii) delays in or nonacceptance by third
parties to sell our products; and (iv) competition from other producers of
similar products. More detailed information about the Company and the risk
factors that may affect the realization of forward-looking statements is set
forth in the Company's filings with the SEC, including, without limitation, our
Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors
and security holders are urged to read these documents free of charge on the
SEC's web site at www.sec.gov. As a result of these matters, changes in facts,
assumptions not being realized or other circumstances, the Company's actual
results may differ materially from the expected results discussed in the
forward-looking statements contained in this press release. The forward-looking
statements made in this press release are made only as of the date of this
press release, and the Company undertakes no obligation to update them to
reflect subsequent events or circumstances.
Worksport Ltd. (Nasdaq: WKSP) is a featured
renewable energy/automotive stock on Investorideas.com
More info on WKSP at
Investorideas.com Visit: https://www.investorideas.com/CO/WKSP/
Disclaimer/Disclosure: Disclosure: Worksport Ltd. (Nasdaq: WKSP) is a paid featured company on
Investorideas.com
effective October 18th 2024 for 2 months. Investorideas.com is
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