Vision Marine Technologies (VMAR) to raise approximately $2 million

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Go back to Vision Marine Technologies (VMAR) to raise approximately $2 million

Vision Marine Technologies Inc. to raise approximately $2 million

February 17, 2023 4:00 PM EST

MONTREAL, Feb. 17, 2023 (GLOBE NEWSWIRE) -- Vision Marine Technologies Inc. (NASDAQ: VMAR) (Vision Marine or the Company), a global leader and innovator within the performance electric recreational boating industry, today announced that it has entered into a definitive agreement with an investor for the issuance and sale of 475,059 of its common shares for a price of $4.21 per share, for gross proceeds of approximately $2 million, in a registered direct offering.

Additionally, Vision Marine will issue to the investor in a concurrent private placement, warrants to purchase up to 475,059 common shares, which... More