Westport Files Replacement Preliminary Short Form Base Shelf Prospectus
April 14 2023 - 4:40PM
Westport Fuel Systems Inc. (TSX: WPRT / Nasdaq: WPRT) announces it
has filed a preliminary short form base shelf prospectus (once
filed in final form and received by the relevant Canadian
securities regulatory authorities, the “Shelf Prospectus”) with the
securities commissions in each of the provinces and territories of
Canada. The Company’s current base shelf prospectus and
corresponding shelf registration statement expires on April 16,
2023.
The Shelf Prospectus, when made final, will allow
Westport to offer up to USD$200,000,000 of common shares, preferred
shares, subscription receipts, warrants, options or any combination
thereof during the 25-month period that the Shelf Prospectus will
be effective. The Shelf Prospectus will enable Westport to access
new capital or issue securities in connection with strategic
acquisitions if and when needed. The amount and timing of any
future offerings or issuances will be based on the Company’s
financial requirements and market conditions at that time.
The specific terms of any future offering or issuance under the
Shelf Prospectus will be established at the time of such offering.
There are currently no offerings or issuances planned under the
Shelf Prospectus. At the time any of the securities covered by the
Shelf Prospectus are offered for sale, a prospectus supplement
containing specific information about the terms of such offering
will be filed with applicable Canadian securities regulatory
authorities. The securities covered by the Shelf Prospectus have
not been registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act”) or any state securities laws
and may not be offered or sold in the United States or to United
States persons absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act and
applicable state securities laws. No securities may be sold, nor
may offers to buy be accepted, prior to the time the Shelf
Prospects becomes effective.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or
qualifications under the securities laws of any such jurisdiction.
A copy of the preliminary short form base shelf prospectus can be
found on SEDAR at www.sedar.com.
About Westport Fuel SystemsAt Westport Fuel
Systems, we are driving innovation to power a cleaner tomorrow. We
are a leading supplier of advanced fuel delivery components and
systems for clean, low-carbon fuels such as natural gas, renewable
natural gas, propane, and hydrogen to the global transportation
industry. Our technology delivers the performance and fuel
efficiency required by transportation applications and the
environmental benefits that address climate change and urban air
quality challenges. Headquartered in Vancouver, Canada, with
operations in Europe, Asia, North America, and South America, we
serve our customers in more than 70 countries with leading global
transportation brands. At Westport Fuel Systems, we think ahead.
For more information, visit www.wfsinc.com.
Investor Inquiries:
Investor RelationsT: +1 604-718-2046E: invest@wfsinc.com
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