Vision Marine Technologies has successfully raised $11.2 million in funding by completing an at-the-market offering. The company, known for its electric marine propulsion systems, plans to utilize the funds for various purposes, including strategic acquisitions to expand its market presence and enhance its technological capabilities.
Upon the completion of the ATM executions, Vision Marine will have a total of 5,522,029 common shares issued and outstanding, with approximately $7.1 million in available cash. This capital infusion will enable the company to take advantage of the increasing demand for sustainable boating solutions.
CEO Alexandre Mongeon expressed confidence in the company's vision and strategy, stating, "The successful completion of this ATM offering underscores investor confidence in our vision and strategy. We are dedicated to leveraging these resources to drive innovation, pursue strategic acquisitions, and provide exceptional value to our shareholders and customers."
The ATM offering was carried out under an agreement with Think Equity, allowing Vision Marine to sell shares at prevailing market prices. The company is recognized for its E-Motion outboard powertrain system, advanced battery technology, high-efficiency motors, and proprietary software.
Earlier in 2025, Vision Marine announced plans to establish a production line for custom cooling plates to enhance the thermal management of its high voltage marine battery packs, showcasing its commitment to innovation and technological advancement.
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