Vision Marine Technologies Secures $5.8 Million in Private Placement

Vision Marine Technologies Inc., a leader in electric marine propulsion, has announced a private placement raising approximately $5.8 million. The agreement, dated January 12, 2025, involves issuing shares and warrants to accredited and institutional investors at $1.25 per unit. This includes a mixture of 4,626,400 common shares or pre-funded warrants, and warrants for 2,313,200 additional shares.

Pre-funded warrants enable holders to purchase common shares for $0.001. Other warrants, exercisable immediately, allow buying shares at $1.50 within five and a half years. Proceeds will fund working capital and general corporate purposes. ThinkEquity is the exclusive placement agent. The private placement, closing on January 14, 2025, complies with customary conditions.

Securities offered aren't registered under the Securities Act, with a resale registration planned. This ensures compliance for future sales. Vision Marine remains committed to advancing its E-Motion™ outboard powertrain system in the marine industry.