Vision Marine completes $9.6 million public offering

Vision Marine Technologies Inc. (NASDAQ: VMAR) completed a public offering of 32 million units at $0.30 per unit, raising $9.6 million in gross proceeds before fees and expenses, according to a company statement.

Each unit includes one common share or pre-funded warrant and half of one warrant. The full warrants allow holders to purchase one common share at $0.375 per share and expire five years from issuance.

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

ThinkEquity served as the sole placement agent for the offering. The Securities and Exchange Commission declared the registration statement effective on December 17, 2025.

Vision Marine Technologies operates in marine technology and retail, providing electric marine propulsion systems through its E-Motion platform and boat retail services via its Nautical Ventures network.

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