Worksport ( (WKSP) ) has issued an announcement.
On March 14, 2025, Worksport Ltd. announced a 1-for-10 reverse stock split as part of its strategy to comply with Nasdaq’s $1.00 minimum bid price requirement. The reverse stock split, effective March 18, 2025, aims to increase the company’s stock price and reduce the number of outstanding shares from approximately 47.9 million to 4.8 million. CEO Steven Rossi expressed confidence in the company’s growth, highlighting upcoming product launches and a focus on achieving cash flow positivity in 2025.
More about Worksport
Worksport Ltd. is a U.S.-based company specializing in hybrid and clean energy solutions, particularly for the light truck, overlanding, and global consumer goods sectors. The company designs, develops, and manufactures products such as tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport is actively partnering with Hyundai for the SOLIS Solar cover and aims to leverage the growing consumer interest in clean energy solutions.
YTD Price Performance: -41.67%
Average Trading Volume: 1,174,157
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $20.98M
For a thorough assessment of WKSP stock, go to TipRanks’ Stock Analysis page.
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