sur Vision Marine Technologies Inc
Vision Marine Technologies Announces Closing of Common Share Offering
Montreal, QC / ACCESSWIRE / September 16, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) has successfully closed its offering of 3,400,000 common shares. Each share was sold at $1.00 per share, yielding gross proceeds of $3.4 million before fees and expenses. All offered shares were company-issued.
The proceeds are intended for working capital and patent applications. There may also be strategic investments in complementary businesses, although no targets are identified yet. ThinkEquity acted as the sole placement agent.
The shares were offered via the company’s shelf registration statement on Form F-3, effective since December 21, 2022. Relevant documents are available on the SEC's website.
This press release does not constitute an offer to sell or buy these securities in any jurisdiction where such actions would be unlawful.
R. E.
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