Vision Marine Prices $7M Public Offering Of 3.5M Shares Or Pre-Funded Warrants At $2.00 Each; Includes 45-Day Option For 525K Additional Units, Closing Expected August 18

Author: Benzinga Newsdesk | August 15, 2025 09:25am

Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (NASDAQ:VMAR), a leader in high-voltage electric marine propulsion systems with a multi-brand boat retail and service platform, today announced the pricing of its public offering of 3,500,000 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) at a price to the public of $2.00 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $7,000,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 525,000 shares and/or Pre-Funded Warrants to cover over-allotments at the public offering price, less the underwriting discount. The offering is expected to close on August 18, 2025, subject to satisfaction of customary closing conditions.

The Company intends to use the proceeds for general corporate purposes, working capital, and potential acquisitions or strategic investments in complementary businesses or technologies.

Posted In: VMAR