Vision Marine prices $7M public offering at $2 per share

Vision Marine Technologies Inc. (NASDAQ: VMAR) priced a public offering of 3.5 million shares of common stock at $2.00 per share, generating gross proceeds of $7 million before underwriting discounts and expenses, according to a company statement.

The electric marine propulsion company also granted underwriters a 45-day option to purchase up to 525,000 additional shares to cover over-allotments at the public offering price. The offering is expected to close on August 18, 2025, subject to customary closing conditions.

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

ThinkEquity is serving as the sole book-runner for the offering. The company's registration statement on Form F-1 became effective on August 15, 2025, with the Securities and Exchange Commission.

Vision Marine designs and manufactures the E-Motion 180E high-voltage electric outboard system and operates a multi-brand boat retail and service platform through its Nautical Ventures division, which has nine locations in Florida.

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