Vision Marine Technologies Completes $16.3 Million Equity Offering

Vision Marine Technologies Inc. announced the successful completion of its at-the-market (ATM) equity offering program, originally initiated in January 2026. The program resulted in the company raising approximately $16.3 million in gross proceeds. No further common shares will be issued under this completed program.

Following the program's conclusion and final settlement, Vision Marine reports approximately $9.5 million in unrestricted consolidated cash. This figure represents cash available to the company, excluding any restricted balances. Additionally, the company is anticipating further capital from two pending real estate transactions in Florida.

If these real estate transactions proceed as planned, they are expected to generate approximately $5.58 million in net equity proceeds for the company, before customary closing adjustments, taxes, and transaction costs. The management believes that the enhanced liquidity from both the completed equity offering and the anticipated real estate proceeds will support the company's operational priorities.

These priorities include optimizing inventory, enhancing marina operations, developing electric boat products, and pursuing strategic growth initiatives. Vision Marine Technologies, which combines proprietary high-voltage electric propulsion technology with a retail, marina, and service platform, views this financial strengthening as crucial for advancing the commercialization of its E-Motion™ technology and expanding its electric boat portfolio.