Welcome to our dedicated page for Vision Marine Technologies Common Shares news (Ticker: $VMAR), a resource for investors and traders seeking the latest updates and insights on Vision Marine Technologies Common Shares stock.
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Vision Marine Technologies Inc. (NASDAQ:VMAR) has entered into a securities purchase agreement with the Government of Quebec, selling 3,000 convertible Series B Preferred Shares and warrants for gross proceeds of US$3.0 million. The shares are initially convertible into 2,857,142 common shares at a conversion price of US$1.05 per share. The Warrants have an exercise price of US$1.05 per share and will expire five (5) years from the date of issuance. The offering was made under Section 4(a)(2) of the Securities Act of 1933 and/or Rule 506(b) of Regulation D and has not been registered under the Act or applicable state securities laws.
Rhea-AI Impact
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End-of-Day
1.9%
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Rhea-AI Summary
Vision Marine Technologies Inc. (NASDAQ:VMAR) announced that the Government of Québec is providing a financial contribution of up to 3 million US dollars in the form of a subscription to preferred shares. The investment aims at the development and commercialization of an electric propulsion system for outboard motors and electric boats. Vision Marine's CEO, Alexandre Mongeon, expressed pride in Investissement Québec's entry as a new shareholder, stating that the funding will enable the company to continue and accelerate its growth.
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End-of-Day
-3.63%
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Vision Marine Technologies Inc. (NASDAQ:VMAR) announced the sale of 3,000 shares of its non-dividend bearing Series A Preferred Shares and Warrants to purchase up to 2,857,142 of its common shares for aggregate gross proceeds of US$3.0 million. The Company also granted an option to purchase additional shares and warrants. The offering is expected to close soon.
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End-of-Day
-12.41%
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Vision Marine Technologies Inc. (NASDAQ:VMAR) announces a strategic partnership with Blue Water Boat Rental in Riviera Beach, Florida, marking a significant expansion in the performance electric recreational boating industry. The new operation strategically positioned near Peanut Island aims to boost year-round operations and visitor engagement, introducing the revolutionary E-Motion™ 180E Powertrain System to renters, reflecting the company's commitment to sustainable electric boating.
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End-of-Day
-18.46%
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Vision Marine Technologies Inc. (NASDAQ:VMAR) introduces the P Powerpack, a game-changing solution for the pontoon market. With annual sales of around 60,000 units, Vision Marine targets this new market segment, celebrating its first order from Wired Pontoons. The company's E-Motion™ electric outboard has been integrated into various pontoon brands since 2020, solidifying its leader status. The P Powerpack significantly reduces installation time and effort compared to traditional internal combustion engine setups, emphasizing the company's focus on ease of integration and versatility. The recreational pontoon market in the US is substantial and growing, with the pontoon market size exceeding USD 7.9 billion in 2022 and expected to witness an 8.3% CAGR from 2023 to 2032. The US recreational boat market, including pontoons, was valued at $17.31 billion in 2022, with projections to reach $28.54 billion by 2028, growing at a CAGR of 8.7%. Vision Marine's Powerpack is custom-engineered to seamlessly incorporate the 180E system into pontoon boats, tapping into this significant market.
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Rhea-AI Sentiment
End-of-Day
-1.6%
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Vision Marine Technologies Inc. (NASDAQ:VMAR) Announces Partnership with 4ocean for Clean Ocean Movement and 'Buy One Pull One' Campaign
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-2.65%
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Vision Marine Technologies Inc. (NASDAQ: VMAR) has received an initial purchase order from Wired Pontoons for 25 units of the E-Motion™ 180E outboard and powertrain systems. This marks the beginning of a transformative partnership to meet the growing demand for electric marine propulsion in the recreational boating industry.
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Rhea-AI Sentiment
End-of-Day
5.79%
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Vision Marine Technologies delivers E-Motion™ Electric Powertrain Technology to Groupe Beneteau, Four Winns, marking the first-ever electric boats off the production line. The boats will be showcased at the Dusseldorf boat show in January 2024. The E-Motion™ powertrain offers whisper-quiet operations, zero-emissions, and unparalleled efficiency, setting a new standard in eco-conscious boating.
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Rhea-AI Sentiment
End-of-Day
-0.9%
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Vision Marine Technologies announces collaborative participation with Groupe Beneteau at IBEX 2023, showcasing their electric propulsion technology in the Four Winns H2e.
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Vision Marine Technologies Inc. announces private placement of 372,870 units at $4.05 per unit, expecting gross proceeds of approximately $1.5 million.
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Rhea-AI Sentiment
End-of-Day
-2.15%
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Vision Marine Technologies Inc. Common Shares
Nasdaq:VMAR
VMAR Rankings
VMAR Stock Data
7.42M
6.79M
41.7%
5.81%
2.32%
Sporting and Athletic Goods Manufacturing
Manufacturing
United States of America
Boisbriand
About VMAR
vision marine technologies, inc., (nasdaq: vmar) strives to change and be a contributing factor in fighting the problem of waterway pollution by disrupting the boating industry with electric power, contributing to zero pollution, zero emission, wave less water, and a noiseless environment. the company’s flagship outboard powertrain is the first fully electric outboard motor that combines an advanced battery pack, inverter, and high efficiency motor. we continue to design, innovate, manufacture, and sell our handcrafted, high performance, environmentally friendly, electric recreational powerboats to recreational customers.