Westport Fuel Systems Inc. held its Annual General and Special Meeting of Shareholders on June 30, 2026, in a virtual format, where shareholders approved all resolutions presented. The meeting included the election of all nominated directors for the ensuing year, the appointment of Deloitte LLP as the Company's auditors for the fiscal year, an advisory vote on executive compensation, and a resolution to change the corporation's name.

Voting Results

The election of directors saw all nominees approved with strong support. Michele Buchignani received 91.66% of votes for, while Anthony Guglielmin secured 91.44%. Bradley Kotush, Daniel Sceli, Karl-Viktor Schaller, and Eileen Wheatman were also approved with 91.26%, 92.17%, 91.56%, and 91.56% of votes for, respectively.

Auditor and Compensation Approvals

Shareholders appointed Deloitte LLP as the Company's auditors with 97.82% of votes in favor. The advisory vote on executive compensation received 89.66% support, with 10.34% withheld or against.

Name Change Resolution

A resolution to change the corporation's name was approved by shareholders, with 89.11% voting in favor and 10.89% voting against. The specific new name was not disclosed in the meeting results.

Westport Fuel Systems Inc. is a technology and innovation company focused on alternative fuel, low-emissions transportation technologies. The Company designs, manufactures, and supplies advanced components and systems supporting natural gas, renewable natural gas, and hydrogen fuels. Westport is headquartered in Vancouver, Canada.

Westport Fuel Systems Inc. has closed its previously announced registered direct offering and concurrent private placement, generating gross proceeds of approximately US$10 million before deducting placement agent’s fees and other offering expenses. The transaction involved the sale of 1,600,000 common shares and 3,254,369 pre-funded warrants in the registered direct offering, alongside warrants to purchase up to 4,854,369 common shares in the private placement. The combined effective purchase price for each common share or pre-funded warrant and associated private placement warrant was US$2.06. Westport intends to use the net proceeds for working capital and other general corporate purposes.

The private placement warrants have an exercise price of US$2.06 per common share, are immediately exercisable, and will expire two years following the date of issuance. Craig-Hallum acted as the sole placement agent for the offering. If the holders of the private placement warrants exercise such warrants in full in cash, the company would receive additional gross proceeds of approximately US$10 million before deducting the placement agent’s fees. The company stated that it cannot predict when or if the private placement warrants will be exercised for cash or exercised at all, noting that it is possible the warrants may expire without being exercised.

Subject to limited exceptions, a holder of warrants will not have the right to exercise any portion of its warrants if the holder would beneficially own in excess of 9.99% of the number of Westport common shares outstanding immediately after giving effect to such exercise.

Key Offering Details

The securities offered in the registered direct offering were issued pursuant to a prospectus supplement to a shelf registration statement on Form F-3 (File No. 333-289669), which was filed with the United States Securities and Exchange Commission on August 15, 2025, and declared effective on August 22, 2025. The private placement warrants and the common shares issuable upon exercise of such warrants were offered in a private placement under a prospectus exemption from applicable Canadian securities laws and Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Regulation D promulgated thereunder. Westport relied on the eligible interlisted issuer exemption in section 602.1 of the TSX Company Manual in respect of the offering.