Westport Submits Preliminary Short-Term Securities Shelf Offering Prospectus to Replace Expired One
Westport Fuel Systems Files Shelf Prospectus for Potential Funding
Westport Fuel Systems Inc., a technology and innovation company specializing in clean energy solutions, has filed a preliminary short form base shelf prospectus and a corresponding shelf registration statement with Canadian and U.S. securities regulators, respectively. This move grants Westport the ability to offer up to USD 100 million of various securities over a 25-month period 13.
The company intends to leverage this shelf prospectus framework to access new capital or issue securities for strategic acquisitions as needed, depending on their financial requirements and prevailing market conditions. No immediate offerings are planned, but the registration provides Westport with flexibility to raise funds opportunistically 1.
The capital raised is expected to support growth initiatives, particularly in clean energy and alternative fuel sectors such as hydrogen technology, natural gas, and expansion in emerging markets. This strategic funding tool aligns with Westport's positioning to capitalize on decarbonization trends and regulatory opportunities globally 1.
It's important to note that the amount and timing of any future offerings or issuances will depend on Westport's financial requirements and market conditions at that time. The reader is referred to the "Risk Factors" section of Westport's annual information form dated March 31, 2025, for additional risks. Potential investors are cautioned to consider these risks and uncertainties carefully and not to put undue reliance on forward-looking statements 1.
The securities that can be offered include common shares, preferred shares, subscription receipts, warrants, debt securities, or units, or any combination thereof. A copy of the preliminary short form base shelf prospectus can be found on SEDAR+ at www.sedarplus.ca 1.
Westport's proven technologies support a wide range of clean fuels, including natural gas, renewable natural gas, and hydrogen. The company is headquartered in Vancouver, Canada, and more information about Westport can be found on their website at www.westport.com. Investor inquiries can be directed to Investor Relations at T: +1 604-718-2046 or E: [email protected] 1.
This press release was provided by GlobeNewswire via QuoteMedia 1. Westport has also filed a corresponding shelf registration statement relating to the Securities with the United States Securities and Exchange Commission (SEC) on Form F-3 1. The company's previous shelf prospectus, which expired on June 18, 2025, has been replaced with the new filing 2.
Westport Fuel Systems Inc. plans to utilize this shelf prospectus to invest in strategic acquisitions or raise funds, with a focus on sectors such as hydrogen technology, natural gas, and expansion in emerging markets, as part of their growth initiatives in clean energy. The company's flexible funding strategy enables them to respond to financial requirements and market conditions when opportunities arise, offering various securities like common shares, preferred shares, subscription receipts, warrants, debt securities, or units.
