Vision Marine Technologies Secures Over US$11.7 Million Through At-the-Market Offering to Accelerate Growth and Strategic Acquisitions
-
Ex-porn actor to be Colombian equality minister
-
Olympic swim greats Phelps, Lochte, rip US World Championships performance
-
Brazilians burn Trump effigies as tariffs spark anger
-
Global stocks fall sharply on weak US job data, Trump tariffs
-
Lyles, Richardson scratch from 100m at US trials
-
NFL Commanders win key vote in quest for new stadium
-
US Fed governor to resign early at critical time for central bank
-
US keeper Turner joins Lyon from Notts Forest, loaned to MLS
-
Epstein accomplice Maxwell moved to minimum security Texas prison
-
Sevastova shocks fourth-ranked Pegula to book date with Osaka
-
End of the chain gang? NFL adopts virtual measurement system
-
Deep lucky to escape Duckett 'elbow' as India get under England's skin
-
Search intensifies for five trapped in giant Chile copper mine
-
Trump orders firing of US official as cracks emerge in jobs market
-
Trump deploys nuclear submarines in row with Russia
-
Colombian ex-president Uribe sentenced to 12 years house arrest
-
Wave of fake credentials sparks political fallout in Spain
-
Osaka ousts Ostapenko to reach WTA fourth round at Canada
-
Rovanpera emerges from home forests leading Rally of Finland
-
Exxon, Chevron turn page on legal fight as profits slip
-
Prosecutors call for PSG's Achraf Hakimi to face rape trial
-
Missing Kenya football tickets blamed on govt protest fears
-
India's Krishna and Siraj rock England in series finale
-
Norris completes 'double top' in Hungary practice
-
MLB names iconic Wrigley Field as host of 2027 All-Star Game
-
Squiban doubles up at women's Tour de France
-
International crew bound for space station
-
China's Qin takes 'miracle' second breaststroke gold at swim worlds
-
Siraj strikes as India fight back in England finale
-
Brewed awakening: German beer sales lowest on record
-
Indonesia volcano belches six-mile ash tower
-
US promises Gaza food plan after envoy visit
-
Musk's X accuses Britain of online safety 'overreach'
-
France says it cannot save contraceptives US plans to destroy
-
Russian drone attacks on Ukraine hit all-time record in July
-
Stocks sink on Trump tariffs, US jobs data
-
Newcastle reject Liverpool bid for Isak: reports
-
Cracks emerge in US jobs market as Fed officials sound warning
-
Douglass dedicates world gold to stricken US after 'rough' week
-
Senegal PM unveils economic recovery plan based on domestic resources
-
China's Qin milks 'miracle' second breaststroke gold at swim worlds
-
Swiss will try to negotiate way out of stiff US tariffs
-
US job growth weaker than expected in July as unemployment rises
-
Miracle man Qin wins second worlds gold ahead of blockbuster
-
Budapest mayor questioned as a suspect over Pride march
-
Thai-Cambodian cyberwarriors battle on despite truce
-
UK top court to rule on multi-billion pound car loan scandal
-
World economies reel from Trump's tariffs punch
-
French wine industry warns of 'brutal' impact from US tariffs
-
England openers run riot in India finale after Atkinson strikes
NYSE - LSE
| RBGPF | 0.69% | 74.94 | $ | |
| CMSC | 0.09% | 22.87 | $ | |
| RYCEF | 0.14% | 14.2 | $ | |
| BCC | -0.55% | 83.35 | $ | |
| AZN | 1.16% | 73.95 | $ | |
| SCS | -1.47% | 10.18 | $ | |
| RIO | -0.2% | 59.65 | $ | |
| GSK | 1.09% | 37.56 | $ | |
| NGG | 1.99% | 71.82 | $ | |
| SCU | 0% | 12.72 | $ | |
| CMSD | 0.34% | 23.35 | $ | |
| RELX | -0.58% | 51.59 | $ | |
| JRI | -0.23% | 13.1 | $ | |
| BCE | 1.02% | 23.57 | $ | |
| BTI | 1.23% | 54.35 | $ | |
| VOD | 1.37% | 10.96 | $ | |
| BP | -1.26% | 31.75 | $ |
Vision Marine Technologies Secures Over US$11.7 Million Through At-the-Market Offering to Accelerate Growth and Strategic Acquisitions
Vision Marine Technologies Inc. ("Vision Marine") (NASDAQ:VMAR), a leader in electric marine propulsion systems, is pleased to announce the successful completion of an at-the-market ("ATM") offering, raising gross proceeds of approximately US$11.75 million and net proceeds of approximately US$11.2 million. We intend to use the net proceeds from the offering for general corporate purposes, including strategic acquisitions aimed at expanding our market presence and enhancing our technological capabilities.
Following the completion of today's ATM executions, the total number of common shares issued and outstanding will be 5,522,029, and Vision Marine will have approximately US$7.1 million of cash available.
This capital infusion positions Vision Marine to capitalize on the growing demand for sustainable boating solutions. By leveraging these funds, we aim to accelerate our growth trajectory and solidify our leadership in the electric marine propulsion sector.
"The successful completion of this ATM offering underscores investor confidence in our vision and strategy," said Alexandre Mongeon, CEO of Vision Marine. "We are committed to utilizing these resources to drive innovation, pursue strategic acquisitions, and deliver exceptional value to our shareholders and customers."
The ATM offering was conducted under an ATM sales agreement entered into with Think Equity on October 17, 2024, allowing the company to sell shares at prevailing market prices.
Vision Marine remains dedicated to advancing sustainable boating technologies and is excited about the opportunities this capital raise will unlock for future growth and innovation.
About Vision Marine Technologies inc.
Vision Marine Technologies, Inc. (NASDAQ:VMAR) is transforming the marine industry with its revolutionary E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine is driving the shift to sustainable, electric-powered recreational boating.
Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. For a detailed discussion of these risks, refer to Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.
Investor Relations and Company Contact
Bruce Nurse
303-919-2913
[email protected]
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc
X.Karnes--AMWN
