June 1, 2016
Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.Find out more
May 26, 2016
The final exchange ratio has been determined for the proposed business combination (the “Merger”) with Fuel Systems. Assuming the Merger closes as anticipated on June 1, 2016, Fuel Systems stockholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned upon completion of the Merger.Find out more
May 20, 2016
Institutional Shareholder Services, a leading independent proxy advisory firm that provides voting recommendations to institutional investors, has reaffirmed its recommendation that Fuel Systems Solutions shareholders approve the Amended Agreement and Plan of Merger between Westport and Fuel Systems.Find out more
May 2, 2016
Fuel Systems’ Board of Directors recommends Fuel Systems stockholders vote “FOR” the Merger with Westport; Compelling merger edging closer to completion.Find out more
March 18, 2016
At the meeting, shareholders approved the issuance of such number of Westport common shares as required according to the Agreement and Plan of Merger dated September 1, 2015 (as amended) to complete the Merger, with 98% of votes cast voted in favour of the resolution, 94% of votes cast voted in favour of the amendment to Westport’s Omnibus Incentive Plan, and 98% of votes cast voted in favour of amending the articles of incorporation of Westport to change its name from Westport Innovations Inc. to Westport Fuel Systems Inc.Find out more
March 17, 2016
Westport announces that Rodney (Rod) Nunn, President and CEO of KSR International Co.—a leading Tier One automotive supplier—has been appointed to Westport's Board of Directors as part of a nomination agreement between Westport and certain entities affiliated with Westport’s largest shareholder, Kevin Douglas (“the Douglas Group”).Find out more
March 17, 2016
Glass Lewis Has Advised Shareholders to Vote FOR the Business CombinationFind out more
March 14, 2016
ISS Has Advised Shareholders to Vote FOR the Business CombinationFind out more
March 7, 2016
Westport has signed an Amendment to the Agreement and Plan of Merger in relation to the proposed business combination between Westport and Fuel Systems.Find out more
February 23, 2016
Compelling Combination To Bring a Broader Global Reach, Enhanced Technological Expertise, and Provide Significant Value to Westport ShareholdersFind out more
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.
Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000.