Westport Fuel Systems enters committed equity facility for up to US$25 million share sale
WPRT•Committed equity facility for up to US$25 million
Westport Fuel Systems entered a committed equity facility to sell up to US$25 million of common shares in private placements.
Roth Principal Investments can buy shares at Westport’s discretion, subject to conditions tied to an SEC resale registration statement.
Issuance is capped at 19.99% of shares outstanding at signing unless shareholder approval is obtained.
Proceeds are earmarked for working capital and general corporate purposes.
