Vision Marine Technologies Inc. Announces $3.0 Million Private Placement of Convertible Preferred Shares and Warrants
MONTREAL, QC / December 14, 2023 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision
Marine" or the "Company"), a global leader and innovator within the performance electric recreational
boating industry, announced today that it has entered into definitive securities purchase agreements with
several institutional and accredited investors (the “Investors”) for the sale of its preferred shares and
warrants. Vision Marine sold an aggregate of 3,000 shares of its non-dividend bearing Series A Preferred
Shares, with a stated value of US$1,000 per share, and Warrants to purchase up to 2,857,142 of its
common shares for aggregate gross proceeds of US$3.0 million, before deducting placement agent fees
and other offering expenses.
