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SECURITY AND EXCHANGE COMMISSION
Washington, DC 20549
In accordance with article 13 or 15 (d)
of the Securities Exchange Act of 1934
Report date (date of first reported event): May 21, 2021
(Exact name of the holder as specified in his charter)
|(State of||(Commission||(IRS employer|
|incorporation)||File number)||ID number.)|
3120 Rutherford Road
Vaughan, Ontario, Canada L4K 0B1
(Address of the main executive offices)
(Holder’s phone number, including area code)
N / A
(Old name or old address if changed since the last report.)
Check the appropriate box below if the filing of Form 8-K is intended to simultaneously satisfy the filer’s filing obligation under any of the following provisions (see Policy Statement A.2. Below) :
|[ ]||Written communications in accordance with Rule 425 under the Securities Act (17 CFR 230.425)|
|[ ]||Solicitation of material in accordance with Rule 14a-12 under the Trade Act (17 CFR 240.14a-12)|
|[ ]||Pre-opening communications under Rule 14d-2 (b) under the Foreign Exchange Act (17 CFR 240.14d-2 (b))|
|[ ]||Pre-opening communications under Rule 13e-4 (c) under the Foreign Exchange Act (17 CFR 240.13e-4 (c))|
Securities registered in accordance with Article 12 (b) of the Law:
|Title of each class||Trading symbol (s)||Name of each exchange on which registered|
|Nothing||N / A||N / A|
Item 5.03 Amendments to the articles of association or the articles of association; Change of fiscal year.
On May 21, 2021, Worksport Ltd, a Nevada corporation (the “Company“), Filed a Certificate of Amendment to its Articles of Association with the Nevada Secretary of State (the”Amendment“) To effect a reverse split of the outstanding common shares of the Company, with a par value of $ 0.0001 per share (the”Ordinary actions“), At a ratio of 1 to 20 (the”Reverse stock division”).
In accordance with the amendment, every twenty (20) the ordinary shares of the Company issued and outstanding or held in cash (if any) immediately before the entry into force of the amendment will be automatically reclassified and combined, without further action, into one (1) non-assessable share common shares, par value of $ 0.0001 per share. No fractional shares will be issued as part of the reverse share split; rather, the Company will issue one whole share of the post-Reverse Share Split to any shareholder who would otherwise have received a fraction of a share as a result of the Reverse Stock Split.
As previously indicated by the Company in a final disclosure document on Schedule 14C filed by the Company with the Securities and Exchange Commission on April 26, 2021 and distributed to holders of record on April 15, 2021, on April 15, 2021, the holder of the outstanding voting shares of the company approved by written consent instead of a meeting of shareholders to grant the board of directors of the company the discretion, without further approval of the shareholders, to file a certificate of amendment of the Company Articles of Association with the Secretary of Nevada to Declare at any time before December 31, 2021 to effect a reverse split of the outstanding common shares of the Company at a ratio of at least 1 to 10 (1:10) and to at most 1 in 30 (1:30), as determined by the Board. The board approved the 1: 20 ratio of the reverse stock split on May 21, 2021.
The company has notified the Financial Regulatory Authority, Inc. (“FINRA”) The Reverse Stock Split as required by Rule 10b-17 under the Securities Exchange Act of 1934, as amended, and FINRA Rules and Procedures on May 26, 2021. The Reverse Stock Split will not begin to occur. trade on an adjusted split until it is processed and published by FINRA on the Daily Available List at OTCBB.com.
The above description of the Reverse Stock Split does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment, a copy of which is filed with this report as Exhibit 3.1 and is incorporated herein. report. by reference.
Point 9.01 Financial statements and supporting documents.
In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on their behalf by the undersigned, hereinafter duly authorized.
|Date: May 26, 2021||Through:||/ s / Steven Rossi|
|Last name:||Steven rossi|
Chief executive officer
(Senior Managing Director)