Vision Marine Technologies prices 3.5M shares at $2.00 in public offering

Vision Marine Technologies (VMAR) announced the pricing of its public offering of 3,500,000 shares of common stock at a price to the public of $2.00 per share 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. ThinkEquity is acting as the sole book-runner for the offering.