Westport Fuel Systems Files for $100 Million Shelf Offering

Westport Fuel Systems Inc. has filed for a mixed shelf of up to $100 million. The company supplies advanced fuel delivery components and systems for clean, low-carbon fuels to the global transportation industry. Its segments include Light-Duty, High-Pressure Controls & Systems, Cespira, Heavy-Duty OEM, and Corporate. The company offers liquified petroleum gas, compressed natural gas, and hydrogen solutions to the aftermarket, OEM, and other market segments.

Westport Fuel Systems Inc., a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, has filed a preliminary short form base shelf prospectus with Canadian securities regulatory authorities. The company aims to raise up to $100 million over a 25-month period, with the option to issue various securities, including common shares, preferred shares, subscription receipts, warrants, debt securities, or units [2].

Westport Fuel Systems specializes in natural gas, renewable natural gas, propane, and hydrogen solutions for commercial transportation and original equipment manufacturers (OEMs). The company operates through segments such as Light-Duty, High-Pressure Controls & Systems, Cespira, Heavy-Duty OEM, and Corporate. Notably, the Light-Duty segment, which manufactures liquified petroleum gas (LPG) and compressed natural gas (CNG) solutions and supplies fuel storage tanks, has been recently divested [3].

The filing comes amidst financial challenges, with the company reporting a net loss from continuing operations of $5.1 million for the second quarter of 2025, compared to net income from continuing operations of $4.1 million in the same period last year. The company has been experiencing negative free cash flow, totaling $13.03 million over the last twelve months [2].

The mixed shelf prospectus will enable Westport to access new capital or issue securities for strategic acquisitions as needed. The timing and amount of any future offerings will depend on the company’s financial requirements and market conditions. The company has emphasized its strategic shift towards focusing on commercial transportation solutions and high-pressure technology [3].

Investors are advised to monitor Westport's financial health and strategic direction as the company navigates these changes. The recent earnings report has garnered attention, highlighting the company’s ongoing efforts to realign its business focus [2].

References:
[1] https://www.marketscreener.com/news/westport-fuel-systems-inc-files-for-mixed-shelf-of-up-to-100-million-ce7c51ded080f62d
[2] https://www.investing.com/news/company-news/westport-fuel-systems-files-100-million-shelf-prospectus-93CH-4196263
[3] https://investors.westport.com/news/news-details/2025/Westport-Reports-Second-Quarter-2025-Financial-Results/default.aspx