WPRT selling new shares.
I redid my count since previous post based on price action. Drop today to the .62 level on the news. Now have positive reversal in the daily RSI . I remain long term bullish .
VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of common shares in the United States (the “Offering”). Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000. Westport has granted the underwriters of the Offering an option to purchase up to an additional 2,505,000 common shares at the Offering price during the period ending 30 days from the closing of the Offering. No common shares have been or will be sold or offered in Canada or to any resident of Canada pursuant to the Offering.
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VANCOUVER, B.C., July 14, 2017 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport Fuel Systems”) ( WPRT -20.36% ) ( WPRT -20.36% ) today announced the pricing of its offering of common shares in the United States (the “Offering”). Westport Fuel Systems will offer 16,700,000 common shares at a price of US$1.50 per share, for gross proceeds of US$25,050,000. Westport has granted the underwriters of the Offering an option to purchase up to an additional 2,505,000 common shares at the Offering price during the period ending 30 days from the closing of the Offering. No common shares have been or will be sold or offered in Canada or to any resident of Canada pursuant to the Offering.
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