Westport Fuel Systems Enters Committed Equity Facility With Roth Principal Investments To Sell Up To $25M Of Stock
The CEF allows, but does not obligate, Westport to issue and sell up to US$25 million of its common shares to RPI, at Westport’s discretion by way of private placement and subject to certain conditions set forth in the
Westport made a deal with an investor to sell up to 25 million dollars of stock when it needs cash. This gives the company a backup money plan, but doesn't force them to use it right now.
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