Vision Marine Technologies Announces $5.8 Million Private Placement
Vision Marine Technologies (NASDAQ: VMAR) has announced a $5.8 million private placement through definitive securities purchase agreements with accredited and institutional investors on January 12, 2025. The company will issue 4,626,400 common shares (or pre-funded warrants) and warrants to purchase 2,313,200 common shares at $1.25 per unit.
The common warrants will be exercisable at $1.50 per share for five and a half years, while pre-funded warrants will have an exercise price of $0.001 per share. The private placement is expected to close on January 14, 2025. ThinkEquity is serving as the exclusive placement agent, and the proceeds will be used for working capital and general corporate purposes.
Vision Marine Technologies (NASDAQ: VMAR) ha annunciato un collocamento privato da 5,8 milioni di dollari attraverso contratti definitivi di acquisto di titoli con investitori accreditati e istituzionali il 12 gennaio 2025. L'azienda emetter脿 4.626.400 azioni ordinarie (o warrant pre-finanziati) e warrant per acquistare 2.313.200 azioni ordinarie a 1,25 dollari per unit脿.
I warrant comuni saranno esercitabili a 1,50 dollari per azione per cinque anni e mezzo, mentre i warrant pre-finanziati avranno un prezzo di esercizio di 0,001 dollari per azione. Si prevede che il collocamento privato si chiuda il 14 gennaio 2025. ThinkEquity funge da agente di collocamento esclusivo e i proventi saranno utilizzati per il capitale circolante e per scopi aziendali generali.
Vision Marine Technologies (NASDAQ: VMAR) ha anunciado un colocaci贸n privada de 5.8 millones de d贸lares a trav茅s de acuerdos definitivos de compra de valores con inversores acreditados e institucionales el 12 de enero de 2025. La compa帽铆a emitir谩 4,626,400 acciones ordinarias (o garant铆as prefinanciadas) y garant铆as para comprar 2,313,200 acciones ordinarias a $1.25 por unidad.
Las garant铆as com煤n estar谩n ejercitables a $1.50 por acci贸n durante cinco a帽os y medio, mientras que las garant铆as prefinanciadas tendr谩n un precio de ejercicio de $0.001 por acci贸n. Se espera que la colocaci贸n privada se cierre el 14 de enero de 2025. ThinkEquity est谩 actuando como agente de colocaci贸n exclusivo, y los ingresos se utilizar谩n para capital de trabajo y prop贸sitos corporativos generales.
牍勳爠 毵堧Π 韰岉伂雴�搿滌鞀� (NASDAQ: VMAR)電� 2025雲� 1鞗� 12鞚检棎 鞚胳霅� 韴瀽鞛� 氚� 旮瓣磤 韴瀽鞛愲摛瓿检潣 瓴办爼霅� 歃濌秾 毵れ瀰 瓿勳暯鞚� 韱淀暣
鞚茧皹 氤挫靹滊姅 1欤茧嫻 1.50雼煬鞐� 5雲� 6臧滌洈 霃欖晥 頄夓偓頃� 靾� 鞛堨溂氅�, 靹犽秷 氤挫靹滊姅 1欤茧嫻 0.001雼煬鞚� 頄夓偓 臧�瓴╈潉 臧栰姷雼堧嫟. 靷 氚办爼鞚� 2025雲� 1鞗� 14鞚检棎 鞕勲霅� 瓴冹溂搿� 鞓堨儊霅╇媹雼�. ThinkEquity電� 霃呾爯鞝侅澑 氚办爼 雽�頄夓偓搿� 頇滊彊頃橁碃 鞛堨溂氅�, 靾橃澋鞚� 鞖挫榿 鞛愲掣瓿� 鞚茧皹 旮办梾 鞖╇弰搿� 靷毄霅� 瓴冹瀰雼堧嫟.
Vision Marine Technologies (NASDAQ: VMAR) a annonc茅 un placement priv茅 de 5,8 millions de dollars par le biais d'accords d'achat de titres d茅finitifs avec des investisseurs accr茅dit茅s et institutionnels le 12 janvier 2025. L'entreprise 茅mettra 4 626 400 actions ordinaires (ou bons de souscription pr茅financ茅s) et des bons de souscription pour acheter 2 313 200 actions ordinaires 脿 1,25 dollar par unit茅.
Les bons de souscription communs seront exer莽ables 脿 1,50 dollar par action pendant cinq ans et demi, tandis que les bons de souscription pr茅financ茅s auront un prix d'exercice de 0,001 dollar par action. Le placement priv茅 devrait 锚tre conclu le 14 janvier 2025. ThinkEquity agit en tant qu'agent de placement exclusif et les produits seront utilis茅s pour le fonds de roulement et des fins d'entreprise g茅n茅rales.
Vision Marine Technologies (NASDAQ: VMAR) hat eine private Platzierung in H枚he von 5,8 Millionen Dollar bekannt gegeben, die am 12. Januar 2025 durch endg眉ltige Wertpapierkaufvertr盲ge mit akkreditierten und institutionellen Investoren erfolgt. Das Unternehmen wird 4.626.400 Stammaktien (oder vorfinanzierte Warrants) und Warrants zur Anleihe von 2.313.200 Stammaktien zu 1,25 Dollar pro Einheit ausgeben.
Die normalen Warrants k枚nnen 眉ber einen Zeitraum von f眉nfeinhalb Jahren zu 1,50 Dollar pro Aktie ausge眉bt werden, w盲hrend die vorfinanzierten Warrants einen Aus眉bungspreis von 0,001 Dollar pro Aktie haben. Die private Platzierung wird voraussichtlich am 14. Januar 2025 abgeschlossen sein. ThinkEquity fungiert als ausschlie脽licher Platzierungsagent und die Erl枚se werden f眉r Betriebskapital und allgemeine Unternehmenszwecke verwendet.
- Secured $5.8 million in new funding
- 5.5-year warrant term provides long-term funding flexibility
- Potential dilution for existing shareholders through issuance of 4.6M new shares
- Offering price of $1.25 per unit may represent a discount to market price
- Additional potential dilution from 2.3M warrant shares
Insights
Vision Marine's
The offering's timing and pricing suggest urgent capital needs, likely for operational funding rather than expansion, given the stated use for "working capital and general corporate purposes." The involvement of ThinkEquity as placement agent and the focus on accredited investors demonstrates institutional backing, though the warrant-heavy structure and five-and-a-half-year exercise period points to a longer-term financing strategy rather than immediate confidence in price appreciation.
The pre-funded warrants at
The electric marine propulsion market context is important here - Vision Marine's capital raise comes amid growing demand for sustainable marine technologies, but also intensifying competition. The dilutive financing structure reflects both the nascent stage of the E-Motion鈩� powertrain commercialization and the capital-intensive nature of the electric marine sector.
Market positioning remains challenging - while Vision Marine holds innovative technology, the sector's high development costs and extended commercialization timelines necessitate substantial ongoing capital requirements. This financing, while providing essential working capital, highlights the company's dependence on external funding at terms that may not optimally serve existing shareholders.
The deal's structure, particularly the extended warrant coverage, indicates investor skepticism about near-term profitability, though the
MONTREAL, QC / ACCESSWIRE / January 13, 2025 / Vision Marine Technologies Inc. (the "Company", "Vision Marine", "we", "us", "our") (Nasdaq:VMAR), a pioneer in electric marine propulsion, today announced that it has entered into definitive securities purchase agreements dated January 12, 2025 with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a "Common Shares") (or pre-funded warrants ("Pre-funded Warrants") to purchase in lieu thereof) together with warrants (each a "Common Warrant") to purchase one-half of the number of shares of common shares (or Pre-funded Warrants) of the Company at a price of US 
logo
The Company will be issuing a combination of 4,626,400 common shares (or Pre-funded Warrants in lieu thereof), and common warrants to purchase 2,313,200 common shares. Each Pre-funded Warrant will entitle the holder to acquire one common share at an exercise price of
The Company intends to use the proceeds from the offering for working capital and general corporate purposes.
ThinkEquity is acting as the exclusive placement agent for the Offering.
The securities offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the Common Shares, the Common Shares underlying the Pre-funded Warrants and the Common Warrants to be issued in the private placement. Any resale of the Company's shares under such resale registration statement will be made only by means of a prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.
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 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, 2023, 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, as required by law.
Website:
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
Investor and Company Contact:
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Contact Information
Bruce Nurse
Investor Relations
bn@v-mti.com
303-919-2913
SOURCE: Vision Marine Technologies
View the original on accesswire.com
FAQ
How much did Vision Marine Technologies (VMAR) raise in their January 2025 private placement?
What is the exercise price for VMAR's common warrants issued in January 2025?
How many new shares will VMAR issue in the January 2025 private placement?
What is the unit price for VMAR's January 2025 private placement?
How will VMAR use the proceeds from the January 2025 private placement?
