Westport Fuel Systems (WPRT) Registration filing summary

Company overview and business model

• Designs, manufactures, and supplies alternative fuel, low-emissions transportation technologies for OEMs and commercial transport, supporting fuels like natural gas, RNG, and hydrogen.

• Portfolio includes High-Pressure Controls segment (GFI and AFS brands) and a 55% stake in Cespira, a joint venture with Volvo Group focused on HPDI fuel systems for heavy-duty engines.

• Cespira's LNG HPDI 2.0 fuel system enables OEMs to offer natural gas product lines with minimal changes to diesel platforms.

Financial performance and metrics

• As of March 31, 2026, cash and cash equivalents were $24.5 million, with total capitalization of $109.5 million (actual) and $127.2 million (as adjusted for the offering).

• Shareholders' equity stood at $62.9 million (actual) and $68.5 million (as adjusted).

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of common shares by the selling shareholder.

• If all Warrants are exercised for cash, could receive up to $10 million, intended for working capital and general corporate purposes.