Armistice Capital Reduces Stake in Worksport Ltd. to 4.99%

Armistice Capital, LLC and its Managing Member, Steven Boyd, filed a Schedule 13G/A on May 15, 2026, regarding their holdings in Worksport Ltd. (WKSP). The filing indicates a decrease in their ownership position. As of the event date on March 31, 2026, the reporting persons beneficially own 611,096 shares of common stock, representing a 4.99% stake in the company. This is a significant reduction from their previously reported position of 966,008 shares, which constituted a 9.84% ownership interest. The shares are held directly by Armistice Capital Master Fund Ltd., for which Armistice Capital, LLC serves as the investment manager. Steven Boyd, as the managing member of Armistice Capital, LLC, shares voting and dispositive power over these securities. The filing notes that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. With the ownership percentage dropping below the 5% threshold, the reporting persons have indicated they no longer hold a significant controlling or influential stake.