Westport Fuel Systems Inc. is followed by these analysts. Please note that any opinions, estimates or forecasts regarding Westport Fuel Systems performance made by these analysts are theirs alone and do not represent opinions, predictions or forecasts of Westport Fuel Systems Inc. or its management. Westport Fuel Systems does not by its reference to these analysts imply its endorsement of or concurrence with such information, conclusions or recommendations.
Cowen and Company Jeff Osborne New York, New York
Craig-Hallum Capital Group Eric Stine Minneapolis, Minnesota
Lake Street Capital Markets Robert Brown Minneapolis, Minnesota
Oppenheimer and Company Colin Rusch New York, New York
Rodman & Renshaw H.C. Wainwright New York, New York
Early Termination of Debenture Tender Offer and Cancellation of Meeting of Debentureholders
Enhanced Liquidity and Continued Execution on Stated Goals
To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call on Monday, August 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).
Westport Fuel Systems Inc. announced today the exercise of the underwriters' option from its previously announced 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.
Westport Fuel Systems Inc. announced today the closing of its previously announced offering of 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.