Westport Announces Closing of US$10 Million Registered Direct Offering and Concurrent Private Placement

VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq: WPRT), today announced that it has closed the previously announced sale of 1,600,000 common shares and 3,254,369 pre-funded warrants in a registered direct offering, and warrants to purchase up to 4,854,369 common shares in a concurrent private placement, priced at-the-market under Nasdaq rules. The combined effective purchase price for each common share or pre-funded warrant and associated private placement warrant is US$2.06. The private placement warrants have an exercise price of US$2.06 per common share, are immediately exercisable and will expire two years following the date of issuance. Subject to limited exceptions, a holder of warrants does not have the right to exercise any portion of its warrants if the holder would beneficially own in excess of 9.99% of the number of Westport common shares outstanding immediately after giving effect to such exercise.