Vision Marine Technologies Concludes Public Offering

Vision Marine Technologies Inc., a leader in high-voltage electric marine propulsion systems, has announced the successful closing of its public offering of 3,500,000 shares of common stock. The shares were offered at a price of $2.00 each, resulting in gross proceeds of $7 million before underwriting discounts and expenses. This offering was previously announced and includes an option for underwriters to purchase an additional 525,000 shares to cover over-allotments.

The proceeds are earmarked for general corporate purposes, working capital, and potential strategic acquisitions. ThinkEquity served as the sole book-running manager for this offering. The effective registration statement on Form F-1 was filed with the SEC, with the offering conducted via prospectus.