Vision Marine Technologies closes $7 million public offering

Vision Marine Technologies Inc. (NASDAQ: VMAR) completed a public offering of 3.5 million shares of common stock at $2.00 per share, raising $7 million in gross proceeds before underwriting discounts and expenses, the company announced.

The electric marine propulsion systems company also granted underwriters a 45-day option to purchase up to 525,000 additional shares to cover over-allotments at the same price, less underwriting discounts.

Vision Marine plans to use the proceeds for general corporate purposes, working capital, and potential acquisitions or strategic investments in complementary businesses or technologies.

ThinkEquity served as the sole book-running manager for the offering. The Securities and Exchange Commission declared the company's registration statement on Form F-1 effective on August 15, 2025.

Vision Marine designs and manufactures electric outboard systems and operates a multi-brand boat retail platform through its Nautical Ventures division, which includes nine retail locations in Florida.

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