Vision Marine prices $7 million public offering at $2.00 per share

MONTREAL - Vision Marine Technologies Inc. (NASDAQ:VMAR), a developer of electric marine propulsion systems, announced Friday the pricing of its public offering of 3,500,000 shares of common stock at $2.00 per share, raising $7 million in gross proceeds before deducting underwriting discounts and expenses. The company, currently valued at $3.29 million in market capitalization, maintains a strong balance sheet with more cash than debt and a healthy current ratio of 3.93, according to InvestingPro data.

The offering, which is expected to close on August 18, 2025, also includes pre-funded warrants that can be purchased in lieu of common shares. Vision Marine has granted underwriters a 45-day option to purchase up to an additional 525,000 shares or pre-funded warrants to cover over-allotments.

ThinkEquity is serving as the sole book-runner for the offering, which is being conducted through a registration statement that became effective on August 15.

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

Vision Marine Technologies designs and manufactures electric marine propulsion systems, including its E-Motion 180E high-voltage electric outboard system. The company also operates Nautical Ventures, a retail and service platform with nine locations in Florida offering both electric and internal combustion engine boats.

The information in this article is based on a press release statement from Vision Marine Technologies.

In other recent news, Vision Marine Technologies Inc. has made significant strides in its business operations. The company announced the completion of development for its E-Motion 180E high-voltage electric powertrain, marking a transition from product development to commercial deployment. This development coincides with the appointment of Daniel Rathe as Chief Technical Officer, following the conclusion of Xavier Montagne’s contract. Additionally, Vision Marine’s E-Motion 180E system has qualified for California’s Clean Off-Road Equipment (CORE) Voucher Incentive Project, potentially offering up to $170,000 in per-unit vouchers. This approval could accelerate the adoption of electric marine propulsion systems among California’s commercial vessels. Furthermore, Vision Marine has expanded its partnership with Octillion Power Systems, which will manufacture high-voltage lithium-ion battery packs for the E-Motion 180E at its Reno, Nevada facility. These batteries are designed to withstand harsh marine environments, ensuring durability and reliability. These recent developments highlight Vision Marine’s ongoing efforts to expand its market presence and enhance its product offerings.

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