Vision Marine Technologies (VMAR) Sells 381K Shares at $4.21/sh

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Go back to Vision Marine Technologies (VMAR) Sells 381K Shares at $4.21/sh

Vision Marine Technologies Inc. to raise approximately $1.6 million

April 19, 2023 7:18 PM EDT

MONTREAL, April 19, 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 investors for the issuance and sale of 381,293 of its common shares for a price of $4.21 per share, for gross proceeds of approximately $1.6 million, in a registered direct offering.

Additionally, Vision Marine will issue to the investors in a concurrent private placement, warrants to purchase up to 381,293 common shares, which represents... More