Vision Marine Technologies prices $9.6 million public offering

Vision Marine Technologies Inc. (NASDAQ: VMAR) announced the pricing of a public offering of 32 million units at $0.30 per unit, according to a company statement.

Each unit consists of one common share and one-half of one warrant. The warrants allow holders to purchase one common share at $0.375 per share and expire five years from issuance. The offering is expected to generate gross proceeds of $9.6 million before deducting placement agent fees and expenses.

The offering is scheduled to close on December 19, 2025, subject to customary closing conditions. ThinkEquity serves as the sole placement agent for the transaction.

The Montreal-based company plans to use proceeds for general corporate purposes and working capital, including inventory management, servicing floorplan lines of credit, general administrative expenses, and prosecuting patent applications for its E-Motion electric powertrain technology.

A registration statement on Form F-1 relating to the securities became effective on December 17, 2025, with the Securities and Exchange Commission. Vision Marine operates in electric marine propulsion systems and maintains a multi-brand boat retail and service platform.

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