Vision Marine Technologies Inc. Completes Public Offering

Vision Marine Technologies Inc. announced the closing of its public offering on December 19, 2025. The offering, managed by ThinkEquity LLC, involved the sale of 19,250,000 common units and 12,750,000 pre-funded units at a price of $0.30 per unit. Each common unit consisted of one common share and one-half of a common warrant, while each pre-funded unit included a pre-funded warrant and one-half of a common warrant. The company generated approximately $9,600,000 in gross proceeds, which will be used for general corporate purposes, working capital, inventory management, servicing floorplan lines of credit, general and administrative expenses, and patent applications for its E-Motion™ electric powertrain technology. The offering was registered under the Securities Act of 1933. As part of the agreement, the company will not issue equivalent securities for thirty days post-closing and will not engage in variable rate transactions for six months. In connection with the offering, a 6.5% fee was paid to the Placement Agent, and warrants to purchase 1,600,000 common shares were issued to the Placement Agent.