Vision Marine Technologies, Inc. Announces Closing of Public Offering

Vision Marine Technologies (Nasdaq: VMAR) announced the closing of a best-efforts public offering of 32,000,000 units at $0.30 per unit, generating gross proceeds of $9,600,000 before fees and expenses.

Rhea-AI Summary

Vision Marine Technologies (Nasdaq: VMAR) announced the closing of a best-efforts public offering of 32,000,000 units at $0.30 per unit, generating gross proceeds of $9,600,000 before fees and expenses.

Each unit contains one common share (or a pre-funded warrant) and one-half of one warrant; each whole warrant allows purchase of one common share at $0.375 and expires five years from issuance. The company said proceeds will be used primarily for general corporate purposes and working capital, including inventory management, servicing floorplan lines of credit, G&A, and prosecuting patent applications for its E-Motion electric powertrain. ThinkEquity acted as sole placement agent and the Form F-1 registration statement became effective on December 17, 2025.

Positive

• Gross proceeds of $9.6 million
• 32,000,000 units successfully placed in the offering
• Warrants exercisable at $0.375 with five-year term

Negative

• Immediate share issuance: 32,000,000 units included common shares or pre-funded warrants
• Potential dilution: up to 16,000,000 additional shares issuable if all half-warrants form whole warrants and are exercised
• Proceeds allocated to general corporate purposes rather than a specific growth project

Argus Dec 19 session

+4.38% close to close Open Argus

Details

News Market Reaction – VMAR

On Dec 19, the day this news came out, VMAR closed 4.38% above the previous close.

Data tracked by StockTitan Argus for the Dec 19 session.

Market Context

This announcement confirms the closing of a best-efforts public offering of 32,000,000 units at $0.3...

Analysis

This announcement confirms the closing of a best-efforts public offering of 32,000,000 units at $0.30, raising $9.6M in gross proceeds with attached warrants exercisable at $0.375 for five years. It follows prior offering-related news on Dec 17 and earlier 2025 financings. Investors may watch how proceeds support working capital, inventory management, and floorplan credit lines, and how this capital interacts with ongoing expansion around Nautical Ventures and E-Motion™ powertrain initiatives.

Key Figures

Units offered: 32,000,000 units Offering price: $0.30 per unit Gross proceeds: $9,600,000 +5 more

Units offered

32,000,000 units

Best-efforts public offering size

Offering price

$0.30 per unit

Public offering price per unit

Gross proceeds

$9,600,000

Gross proceeds before fees and expenses

Warrant exercise price

$0.375 per share

Exercise price for each whole Warrant

Warrant term

5 years

Expiration from date of issuance

Registration statement file

File No. 333-291955

Form F-1 registration for the securities

Current price

$0.2399

Price before this closing announcement

Price change 24h

-51.96%

Move ahead of the closing news

Historical Context

5 past events · Latest: Dec 17

5 events

1. Dec 17

   Equity offering pricing

   24h Move

   -48.8%

   Priced large unit offering with warrants for $9.6M gross proceeds.

2. Dec 09

   Strategic marina deal

   24h Move

   -20.4%

   Secured flagship marina lease with expansion and growth potential.

3. Nov 28

   Earnings and acquisition

   24h Move

   +0.0%

   Reported FY 2025 results and Nautical Ventures-driven revenue growth.

4. Nov 18

   Sales uplift update

   24h Move

   +1.6%

   Reported 40% YoY sales lift around FLIBS 2025 campaign window.

5. Nov 12

   Post-acquisition update

   24h Move

   +15.2%

   Detailed 166 boat sales and reduced floor-plan exposure post-acquisition.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pre-funded warrant, warrant, exercise price, registration statement, +2 more

6 terms

pre-funded warrant financial

"Each unit consists of one common share (or pre-funded warrant in lieu thereof)"

A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.

warrant financial

"and one-half of one warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

exercise price financial

"entitles the holder to purchase one common share at an exercise price of $0.375 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

registration statement regulatory

"A registration statement on Form F-1 (File No. 333-291955) relating to the securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form f-1 regulatory

"A registration statement on Form F-1 (File No. 333-291955) relating to the securities"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

prospectus regulatory

"This offering was made only by means of a prospectus. Copies of the final prospectus may"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MONTRÉAL, Dec. 19, 2025 /PRNewswire/ -- Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (Nasdaq: VMAR), a leader in high-voltage electric marine propulsion systems with a multi-brand boat retail and service platform, today announced the closing of its previously announced best-efforts public offering of 32,000,000 units at a public offering price of $0.30 per unit (inclusive of the pre-funded warrant exercise price), for gross proceeds of $9,600,000 before deducting placement agent fees and offering expenses. Each unit consists of one common share (or pre-funded warrant in lieu thereof) and one-half of one warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder to purchase one common share at an exercise price of $0.375 per share and will expire five years from the date of issuance.

The Company intends primarily to use the proceeds for general corporate purposes and working capital, including for inventory management, and servicing its floorplan lines of credit, general and administrative expenses and prosecuting patent applications relating to its E-Motion^™ electric powertrain technology.

ThinkEquity acted as the sole placement agent for the offering.

A registration statement on Form F-1 (File No. 333-291955) relating to the securities was filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on December 17, 2025. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004. The final prospectus has been filed with the SEC and is available on the SEC's website located at http://www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vision Marine Technologies, Inc.
Vision Marine Technologies (NASDAQ: VMAR) is a marine technology and retail group delivering premium boating experiences across internal combustion and electric segments. Through its E-Motion^™ high-voltage propulsion platform and its Nautical Ventures retail network, Vision Marine offers an integrated ecosystem spanning propulsion, retail, service, and on-water consumer engagement.

Forward Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2025, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. There can be no assurance that Vision Marine will be able to complete the offering on the anticipated terms, or at all. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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SOURCE Vision Marine Technologies, Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vision Marine (VMAR) announce on December 19, 2025?

Vision Marine announced the closing of a public offering of 32,000,000 units at $0.30 per unit, generating $9.6M gross proceeds.

How are the VMAR units structured and what are the warrant terms?

Each unit includes one common share (or pre-funded warrant) and one-half of a warrant; each whole warrant purchases one share at $0.375 and expires five years after issuance.

How will Vision Marine (VMAR) use the $9.6M raised in the offering?

The company intends to use proceeds primarily for general corporate purposes and working capital, including inventory, floorplan servicing, G&A, and patent prosecution.

Who acted as placement agent for VMAR's December 2025 offering?

ThinkEquity acted as the sole placement agent for the offering.

Was the VMAR offering registered with the SEC and when did registration become effective?

Yes; a Form F-1 (File No. 333-291955) was filed and became effective on December 17, 2025.