Westport Fuel Systems Announces Underwriters' Exercise of Over-Allotment Option
28 Julho 2017 - 5:05PM
Westport Fuel Systems Inc. (“
Westport Fuel
Systems”) (TSX:WPRT) (Nasdaq:WPRT) announced today the
exercise of the underwriters' option from its previously announced
offering (the “
Offering”) to purchase an
additional 2,425,000 common shares at the Offering price of US$1.50
per share. With the exercise of the option, Westport issued a total
of 19,125,000 common shares under the offering for gross proceeds
of US$28,687,500. Following the Offering, Westport Fuel Systems has
approximately 130,330,022 shares outstanding. No common shares were
sold or offered in Canada or to any resident of Canada pursuant to
the Offering.
Oppenheimer & Co. Inc. acted as the sole book-running
manager for the Offering. Craig-Hallum Capital Group LLC acted as
the co-lead manager. Lake Street Capital Markets served as
financial advisor to Westport Fuel Systems. The common shares
issued under the Offering have been listed on The NASDAQ Global
Select Market and the Toronto Stock Exchange.
Copies of the United States final prospectus supplement can be
accessed through the U.S. Securities and Exchange Commission (the
"SEC") website at www.sec.gov or from Oppenheimer
& Co. Inc., Attention: Syndicate Prospectus Department, 85
Broad Street, 26th Floor, New York, New York 10004, by telephone at
212-667-8563, or by e-mail at EquityProspectus@opco.com, and copies
of the Canadian prospectus supplement are available at
www.sedar.com.
In connection with the Offering, Westport Fuel Systems relied
upon an exemption for interlisted issuers contained in section
602.1 of the TSX Company Manual which permits the TSX to not apply
its standards to Westport Fuel Systems, as an eligible interlisted
issuer, in reliance on evidence that a recognized exchange or
relevant regulator has accepted the Offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
common shares of Westport Fuel Systems in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About Westport Fuel Systems
At Westport Fuel Systems, we are driving innovation to power a
cleaner tomorrow. We are inventors, engineers, manufacturers and
suppliers of advanced clean-burning fuel systems and components
that can change the way the world moves. Our technology delivers
performance, fuel efficiency and environmental benefits to address
the challenges of global climate change and urban air quality.
Headquartered in Vancouver, Canada, 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:
Caroline Sawamoto
Manager, Investor Relations & Communications
Westport Fuel Systems
T: +1 604-718-2046
invest@wfsinc.com
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