Vision marine technologies announces closing of private placement

MontrÉal, qc / access newswire / january 16, 2025 / vision marine technologies inc. (the "company", "vision marine", "we", "us", "our") (nasdaq:vmar), a leading innovator in electric marine propulsion, today announced the closing of its previously announced brokered private placement offering with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a "common share") (or pre-funded warrants (each a "pre-funded warrant") in lieu thereof) together with warrants (each a "common warrant") to purchase one-half of the number of common shares (or pre-funded warrants) of the company at a price of us$1.25 per unit, for aggregate gross proceeds of approximately us$5.9 million, before deducting fees and offering expenses. as part of the offering, the company issued a combination of 4,706,400 common shares (or pre-funded warrants in lieu thereof), and common warrants to purchase 2,353,200 common shares.
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