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Westport Files Preliminary Short Form Base Shelf Prospectus To Replace Expired Base Shelf Prospectus
Globenewswireยท 2025-08-15 21:09
Core Viewpoint - Westport Fuel Systems Inc. has filed a preliminary short form base shelf prospectus to replace its prior prospectus, allowing the company to raise up to USD $100 million in various securities over a 25-month period [2][4]. Group 1: Shelf Prospectus Details - The new Shelf Prospectus will enable Westport to offer common shares, preferred shares, subscription receipts, warrants, debt securities, or units, or any combination thereof [2]. - The company plans to use the Shelf Prospectus to access new capital or issue securities for strategic acquisitions as needed [2]. - The specific terms of any future offerings will be established at the time of the offering, and there are currently no offerings planned under these filings [4]. Group 2: Regulatory Filings - Westport has also filed a corresponding shelf registration statement with the SEC on Form F-3 [3]. - The Registration Statement has been filed but is not yet effective, meaning securities cannot be sold until the final Shelf Prospectus is issued [5]. Group 3: Company Overview - Westport is a technology and innovation company focused on providing alternative fuel and low-emissions transportation technologies [7]. - The company supports a range of clean fuels, including natural gas, renewable natural gas, and hydrogen, to help OEMs and commercial transportation meet performance and regulatory requirements [8].