Vision Marine Technologies granted conditional TSX Venture Exchange approval

Vision Marine Technologies (VMAR) has received conditional approval to list its common shares on the TSX Venture Exchange, or TSXV. Vision Marine is currently working with the TSXV to complete the final steps of the listing process, including confirming the date on which trading will commence. The TSXV listing is expected to complement Vision Marine’s existing Nasdaq listing, which will remain the company’s primary trading venue. The company believes that this additional listing enhances its ability to engage with Canadian investors and institutions, while strengthening its overall capital markets platform. The company believes that expanding its capital markets access supports the continued deployment and scaling of its technology across multiple boating segments. The company has an at-the-market equity program in place pursuant to its effective shelf registration statement on Form F-3. The company has issued an aggregate of 975,333 common shares under the ATM Program at a weighted average price of $2.03 per share, for gross proceeds of $1,983,450.32, and net proceeds of $1,887,263.81, after deducting placement agent commissions and transaction costs of $96,186.51. The ATM Program is being conducted pursuant to a prospectus supplement providing for aggregate gross proceeds of up to $16,335,000.