Westport Receives Nasdaq Notification Regarding Minimum Bid Price Compliance and Announces Board of Director Approval of Share Consolidation
VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) a global leader in low-emissions alternative fuel transportation technologies announced today that on April 26, 2023, it received a written notice (“Notification”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (“Nasdaq Listing Rule”). The Company also announced that the Board has approved a consolidation of the Company’s issued and outstanding common shares at a consolidation ratio of 10-for-1 (the “Share Consolidation”).