Vision Marine Technologies Secures Over US$11.7 Million Through At-the-Market Offering to Accelerate Growth and Strategic Acquisitions
Vision Marine Technologies (NASDAQ:VMAR) has successfully completed an at-the-market (ATM) offering, raising US$11.75 million in gross proceeds and US$11.2 million in net proceeds. The company plans to use the funds for general corporate purposes and strategic acquisitions to expand market presence and enhance technological capabilities.
Following the ATM executions, Vision Marine's total outstanding common shares will be 5,522,029, with approximately US$7.1 million of cash available. The ATM offering was conducted through a sales agreement with Think Equity established on October 17, 2024, allowing share sales at prevailing market prices.
The company, which specializes in electric marine propulsion systems, aims to leverage this capital to accelerate growth and strengthen its position in the sustainable boating solutions market.
Vision Marine Technologies (NASDAQ:VMAR) ha completato con successo un'offerta at-the-market (ATM), raccogliendo 11,75 milioni di dollari USA in proventi lordi e 11,2 milioni di dollari USA in proventi netti. L'azienda prevede di utilizzare i fondi per scopi generali e acquisizioni strategiche al fine di espandere la presenza sul mercato e migliorare le capacità tecnologiche.
Dopo le esecuzioni dell'ATM, il numero totale di azioni ordinarie emesse di Vision Marine sarà di 5.522.029, con circa 7,1 milioni di dollari USA in contante disponibili. L'offerta ATM è stata condotta attraverso un contratto di vendita con Think Equity, stabilito il 17 ottobre 2024, che consente la vendita di azioni ai prezzi di mercato correnti.
L'azienda, specializzata nei sistemi di propulsione marina elettrica, mira a sfruttare questo capitale per accelerare la crescita e rafforzare la propria posizione nel mercato delle soluzioni di navigazione sostenibile.
Vision Marine Technologies (NASDAQ:VMAR) ha completado con éxito una oferta at-the-market (ATM), recaudando 11,75 millones de dólares estadounidenses en ingresos brutos y 11,2 millones de dólares estadounidenses en ingresos netos. La compañía planea utilizar los fondos para propósitos corporativos generales y adquisiciones estratégicas para expandir su presencia en el mercado y mejorar sus capacidades tecnológicas.
Tras las ejecuciones de la ATM, el total de acciones comunes en circulación de Vision Marine será de 5.522.029, con aproximadamente 7,1 millones de dólares estadounidenses en efectivo disponibles. La oferta ATM se llevó a cabo a través de un acuerdo de venta con Think Equity establecido el 17 de octubre de 2024, lo que permite la venta de acciones a los precios de mercado prevalecientes.
La compañía, especializada en sistemas de propulsión marina eléctrica, tiene como objetivo aprovechar este capital para acelerar el crecimiento y fortalecer su posición en el mercado de soluciones de navegación sostenible.
비전 마린 테크놀로지스 (NASDAQ:VMAR)는 시장에서의 판매(ATM)를 성공적으로 완료하여 1,175만 달러의 총 수익과 1,120만 달러의 순수익을 올렸습니다. 이 회사는 자금을 일반 기업 목적과 시장 존재감을 확장하고 기술 능력을 강화하기 위한 전략적 인수에 사용할 계획입니다.
ATM 집행 후, 비전 마린의 총 발행 보통주는 5,522,029주가 되며, 약 710만 달러의 현금이 가능합니다. 이 ATM 제공은 2024년 10월 17일에 체결된 Think Equity와의 판매 계약을 통해 진행되었으며, 현재 시장 가격으로 주식을 판매할 수 있도록 하고 있습니다.
전기 마린 추진 시스템 전문 기업인 이 회사는 이 자본을 활용하여 성장을 가속화하고 지속 가능한 보트 솔루션 시장에서의 position을 강화하는 것을 목표로 하고 있습니다.
Vision Marine Technologies (NASDAQ:VMAR) a réussi à réaliser une offre at-the-market (ATM), levant 11,75 millions de dollars de revenus bruts et 11,2 millions de dollars de revenus nets. L'entreprise prévoit d'utiliser les fonds à des fins générales et pour des acquisitions stratégiques afin d'élargir sa présence sur le marché et d'améliorer ses capacités technologiques.
À la suite des exécutions de l'ATM, le nombre total d'actions ordinaires en circulation de Vision Marine sera de 5.522.029, avec environ 7,1 millions de dollars en liquidités disponibles. L'offre ATM a été réalisée par le biais d'un contrat de vente avec Think Equity établi le 17 octobre 2024, permettant la vente d'actions aux prix du marché en vigueur.
L'entreprise, qui se spécialise dans les systèmes de propulsion marine électrique, vise à tirer parti de ce capital pour accélérer sa croissance et renforcer sa position sur le marché des solutions de navigation durables.
Vision Marine Technologies (NASDAQ:VMAR) hat erfolgreich ein at-the-market (ATM) Angebot abgeschlossen und dabei 11,75 Millionen US-Dollar Bruttoerlöse sowie 11,2 Millionen US-Dollar Nettoeinnahmen generiert. Das Unternehmen plant, die Mittel für allgemeine Unternehmenszwecke und strategische Akquisitionen zu verwenden, um die Marktpräsenz zu erweitern und die technologischen Fähigkeiten zu verbessern.
Nach den ATM-Transaktionen wird die Gesamtzahl der ausgegebenen Stammaktien von Vision Marine 5.522.029 betragen, wobei etwa 7,1 Millionen US-Dollar in bar verfügbar sind. Das ATM-Angebot wurde durch einen Verkaufsvertrag mit Think Equity realisiert, der am 17. Oktober 2024 abgeschlossen wurde, und erlaubt den Verkauf von Aktien zu den aktuellen Marktpreisen.
Das Unternehmen, das auf elektrische maritime Antriebssysteme spezialisiert ist, strebt an, dieses Kapital zu nutzen, um das Wachstum zu beschleunigen und seine Position auf dem Markt für nachhaltige Bootsle Lösungen zu stärken.
- Secured US$11.75 million in gross proceeds through ATM offering
- US$7.1 million cash position after offering completion
- Funds allocated for strategic acquisitions and market expansion
- Share dilution due to ATM offering increasing outstanding shares to 5,522,029
- Significant portion of raised capital (US$4.6M) not reflected in available cash balance
Insights
Vision Marine's
The ATM structure, while offering flexibility in timing and pricing, typically signals some urgency in capital needs. The
The timing aligns with increasing ESG investment flows into clean technology sectors, though investor sentiment toward speculative growth companies remains cautious in the current rate environment. The capital raise strengthens the balance sheet but must be weighed against the dilutive impact on existing shareholders.
The electric marine propulsion market is experiencing rapid evolution, with Vision Marine positioning itself at a critical juncture. The fresh capital injection provides strategic optionality in a sector where first-mover advantages and technological leadership are crucial. The global electric boat market is projected to grow significantly, driven by environmental regulations and shifting consumer preferences toward sustainable boating solutions.
Think Equity's involvement as the ATM agent suggests institutional validation of Vision Marine's market position. However, the company faces competition from both established marine manufacturers entering the electric space and other pure-play electric boat startups. The focus on strategic acquisitions could accelerate market penetration but requires careful target selection to avoid overpaying in an increasingly competitive landscape.
BOISBRIAND, QC / ACCESSWIRE / January 10, 2025 / Vision Marine Technologies Inc. ("Vision Marine") (NASDAQ:VMAR), a leader in electric marine propulsion systems, is pleased to announce the successful completion of an at-the-market ("ATM") offering, raising gross proceeds of approximately US
Following the completion of today's ATM executions, the total number of common shares issued and outstanding will be 5,522,029, and Vision Marine will have approximately US
This capital infusion positions Vision Marine to capitalize on the growing demand for sustainable boating solutions. By leveraging these funds, we aim to accelerate our growth trajectory and solidify our leadership in the electric marine propulsion sector.
"The successful completion of this ATM offering underscores investor confidence in our vision and strategy," said Alexandre Mongeon, CEO of Vision Marine. "We are committed to utilizing these resources to drive innovation, pursue strategic acquisitions, and deliver exceptional value to our shareholders and customers."
The ATM offering was conducted under an ATM sales agreement entered into with Think Equity on October 17, 2024, allowing the company to sell shares at prevailing market prices.
Vision Marine remains dedicated to advancing sustainable boating technologies and is excited about the opportunities this capital raise will unlock for future growth and innovation.
About Vision Marine Technologies inc.
Vision Marine Technologies, Inc. (NASDAQ:VMAR) is transforming the marine industry with its revolutionary E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine is driving the shift to sustainable, electric-powered recreational boating.
Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. For a detailed discussion of these risks, refer to Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.
Investor Relations and Company Contact
Bruce Nurse
303-919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc
View the original press release on accesswire.com
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