Westport Regains Compliance with NASDAQ Minimum Bid Requirement

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Westport Fuel Systems Inc. has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Stock Market.

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• Westport Fuel Systems Inc. has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Stock Market.

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• None.

VANCOUVER, British Columbia, June 21, 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 it has received a Bid Price Compliance Letter from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq"), 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 $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1), and considers this matter now closed.

About Westport Fuel Systems
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are 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. Our 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, we serve our customers in more than 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

Inquiries:

Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com

FAQ

What is the news about Westport Fuel Systems Inc.?

Westport Fuel Systems Inc. has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Stock Market.

What is the minimum bid price requirement for listing on the Nasdaq Stock Market?

The minimum bid price requirement for listing on the Nasdaq Stock Market is $1.00 per share or greater.

When did Westport Fuel Systems Inc. regain compliance with the minimum bid price requirement?

Westport Fuel Systems Inc. regained compliance with the minimum bid price requirement on June 21, 2023.

What does it mean for the Company now that it has regained compliance?

Now that Westport Fuel Systems Inc. has regained compliance, the matter is considered closed and the Company can continue its listing on the Nasdaq Stock Market.