Vision Marine Technologies launches $8 million equity offering

Vision Marine Technologies Inc. (NASDAQ: VMAR) announced a best-efforts equity offering of up to 15,094,340 common units priced at $0.53 per unit.

Each common unit consists of one common share and one half of a common warrant to purchase an additional share. The offering price matches the company's reported sale price on the Nasdaq Capital Market on December 11, 2025.

The warrants carry an exercise price of $0.6625 per share, representing 125% of the assumed public offering price. Each warrant expires five years from the date of issuance.

The marine technology company structured the offering on a best-efforts basis, meaning underwriters are not obligated to purchase unsold securities. At the assumed offering price, the maximum proceeds would total approximately $8 million before fees and expenses.

The information comes from a company press release statement.

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