Vision Marine Technologies (NASDAQ: VMAR), a leader in high-voltage electric marine propulsion systems with a multi-brand boat retail and service platform, closed its public offering of 3,500,000 shares of common stock (or pre-funded warrants in lieu thereof) at $2.00 per share, raising $7,000,000 in gross proceeds before underwriting discounts and expenses. The underwriters have a 45-day option to purchase up to an additional 525,000 shares and/or pre-funded warrants. The Company plans to use the proceeds for general corporate purposes, working capital, and potential acquisitions or strategic investments in complementary businesses or technologies.
To view the full press release, visit https://ibn.fm/cSV15
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer innovative marine company that offers premium boating experiences across both electric and internal combustion engine (ICE) segments. The Company designs, manufactures, and sells high-performance electric powertrain systems and boats, and operates a multi-brand boat retail and service platform through its Nautical Ventures division. With a vertically integrated model that spans technology, retail, and service, Vision Marine delivers scalable, market-ready solutions that enhance the on-water experience for consumers and commercial operators.
NOTE TO INVESTORS: The latest news and updates relating to VMAR are available in the company’s newsroom at https://ibn.fm/VMAR
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