Vision marine technologies inc. announces close of $3.0 million private placement of convertible preferred shares and warrants with investissement quÉbec

Montreal, qc / accesswire / january 18, 2024 / vision marine technologies inc., (nasdaq:vmar) ("vision marine" or the "company"), a global leader and innovator within the performance electric recreational boating industry, announced today that it has entered into a definitive securities purchase agreement with the government of quebec, through investissement quÉbec (the "investor") for the sale of its preferred shares and warrants. vision marine sold 3,000 convertible series b preferred shares, with a stated value of us$1,000 per share, and warrants to purchase up to 2,857,142 of its common shares for gross proceeds of us$3.0 million, before deducting placement agent fees and other offering expenses.
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