Worksport Ltd. (WKSP) announced the results of its 2026 Annual Meeting of Shareholders held on September 3, 2026, where all proposals were approved. Notably, shareholders granted the Board of Directors the authority to effect a reverse or forward stock split at its discretion.
Key Details
- Stock Split Authorization: The Board is authorized to implement a reverse stock split at a ratio between 1-for-2 and 1-for-250, or a forward stock split, at any time within the next two years.
- Director Election: All five director nominees were elected to the Board: Steven Rossi, Lorenzo Rossi, Craig Loverock, William Caragol, and Ned L. Siegel.
- Other Approved Proposals: Shareholders also ratified the appointment of Lumsden & McCormick, LLP as the independent auditor and approved a non-binding advisory proposal to consider special dividends from the sale of any business unit or material asset.