Monitor for any reverse stock split announcement or capital raise aimed at boosting the bid price above $1.00. A reverse split is the most likely cure but carries execution risk and potential further selling pressure. If the stock fails to regain compliance by February 9, 2027, delisting to OTC markets would severely reduce liquidity and institutional ownership.
Price Chart
Executive Summary
Worksport Ltd received a Nasdaq deficiency notice on August 13, 2026, for failing the minimum $1.00 bid price rule (closing bid below $1.00 for 30 consecutive business days). The company has 180 calendar days (until February 9, 2027) to regain compliance, with a potential second 180-day period if it meets other listing standards. This delisting risk follows recent dilutive offerings and a severely depressed stock price, compounding the company's financial distress and threatening its Nasdaq listing.
Key Facts
- Nasdaq notified Worksport on August 13, 2026, that its common stock failed the minimum bid price requirement under Listing Rule 5550(a)(2) for 30 consecutive business days (July 1 through August 12, 2026).
- The company has 180 calendar days, until February 9, 2027, to regain compliance by maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days.
- If compliance is not achieved in the initial period, Worksport may qualify for an additional 180-day period if it meets the market value of publicly held shares requirement and all other initial listing standards except the bid price.
- The filing follows two dilutive 424B5 offerings in June 2026 that raised approximately $449,226 and $232,500 in net proceeds, respectively, at prices well below $1.00 per share.
- Worksport's market cap is approximately $10M, and the stock closed at $0.5983 on June 17, 2026, well below the $1.00 minimum bid requirement.
Financial Impact
Delisting risk threatens Nasdaq listing; recent dilutive offerings raised approximately $681,726 in net proceeds at sub-$1.00 prices, further depressing the stock price and making bid price compliance more difficult.
Risk Factors
- Failure to regain compliance by February 9, 2027, could lead to delisting from Nasdaq and transfer to OTC markets, severely reducing liquidity and institutional ownership.
- The company's recent dilutive offerings at sub-$1.00 prices have increased share count and further depressed the stock price, making bid price compliance more challenging.
- A reverse stock split, if pursued, may face shareholder approval hurdles and could trigger further selling pressure from disgruntled investors.
- The company's small market cap (~$10M) and history of losses increase the risk of not meeting Nasdaq's continued listing standards for market value of publicly held shares.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-038479 |
| Document: 0001493152-26-038479-index-headers.html | 0001493152-26-038479 |
| Document: 0001493152-26-038479-index.html | 0001493152-26-038479 |
| Document: 0001493152-26-038479.txt | 0001493152-26-038479 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | EFFECT | $0.3717 $0.3752 | ▼ −0.94% | ▼ −0.66% | $0.3300 (+11.22%) |
Oct 6, 2026 21d ago | 8-K | $0.3854 $0.3931 | ▲ +2.00% | ▲ +2.24% | $0.3300 (−14.37%) |
Aug 26, 2026 8w ago | 8-K | $0.5100 $0.6300 | ▲ +23.53% | ▲ +22.87% | $0.3300 (−35.29%) |
Aug 14, 2026 10w ago | 8-K | $0.6600 $0.6500 | ▲ +1.52% | ▲ +0.84% | $0.3300 (+50.00%) |
Aug 11, 2026 10w ago | 8-K | $0.6763 $0.6813 | ▲ +0.74% | ▲ +0.04% | $0.3300 (−51.21%) |
Jul 29, 2026 12w ago | 8-K | $0.5857 $0.6165 | ▲ +5.26% | ▲ +3.58% | $0.3300 (−43.66%) |
Jul 22, 2026 13w ago | 8-K | $0.6215 $0.6600 | ▲ +6.19% | ▲ +7.43% | $0.3300 (−46.90%) |
Jun 22, 2026 18w ago | 8-K | $0.8383 $0.8400 | ▲ +0.20% | ▲ +1.66% | $0.3300 (−60.63%) |
Jun 18, 2026 18w ago | 424B5 | $0.8383 $0.8400 | ▼ −0.20% | ▼ −1.66% | $0.3300 (+60.63%) |
Jun 9, 2026 20w ago | 8-K | $0.6366 $0.6326 | ▼ −0.63% | ▲ +0.95% | $0.3300 (−48.16%) |
US Market Status
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