An anonymous director reports
WESTPORT REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID REQUIREMENT
Westport Fuel Systems Inc. has received a bid price compliance letter from the Nasdaq listing qualifications staff of the Nasdaq Stock Market LLC, notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq listing Rule 5450(a)(1) for continued listing on the Nasdaq Capital Market.
On June 21, 2023, Nasdaq determined that, for the last 10 consecutive business days, from June 6, 2023, to June 20, 2023, the closing bid price of the company's ordinary shares has been at $1 or greater per share. Accordingly, the company has regained compliance with listing Rule 5450(a)(1), and considers this matter closed.
About
Westport Fuel Systems
Inc.
At Westport, it is driving innovation to power a cleaner tomorrow. It is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane and hydrogen to the global automotive industry. Its technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America and South America, it serves its customers in more than 70 countries with leading global transportation brands. At Westport, it thinks ahead.
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