Westport regains compliance with Nasdaq

Westport announced that it has received a bid price compliance letter from Nasdaq Listing Qualifications Staff of the Nasdaq, notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450 for continued listing on Nasdaq. On June 21, Nasdaq determined that for the last 10 consecutive business days, from June 6 to June 20, 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.