Vision Marine Prices 32M Unit Public Offering at $0.30 Each
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
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Source: Newsfilter
- Offering Size: Vision Marine Technologies announced a public offering of 32 million units priced at $0.30 each, expecting gross proceeds of $9.6 million primarily for general corporate purposes and working capital.
- Use of Proceeds: The funds will be allocated for inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications related to its E-Motion™ electric powertrain technology, aiming to enhance the company's technological competitiveness.
- Market Reaction: The pricing and structure of this public offering reflect the company's confidence in the future electric boating market, potentially attracting more investor interest in its electric propulsion technology.
- Underwriting Arrangement: ThinkEquity is acting as the sole placement agent for the offering, which is expected to close on December 19, 2025, subject to customary closing conditions, further strengthening the company's capital structure.
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About VMAR
Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Vision Marine Technologies (VMAR) Reports $1.9M Positive Cash Flow and $15.7M Revenue in Q1 2026
- Financial Inflection Point: Vision Marine generated $1.9 million in positive cash flow during Q1 2026, marking the company's first positive operating cash flow following the acquisition of Nautical Ventures, indicating early operational efficiencies.
- Significant Revenue Growth: Total revenues reached $15.7 million for the quarter, a substantial increase from $0.1 million in the prior year, primarily driven by the integration of Nautical Ventures' dealership operations, significantly enhancing market share.
- Gross Margin Improvement: The quarter's gross profit totaled $4.2 million, reflecting a gross margin of 27%, showcasing the operational leverage gained from the expanded retail network, which further strengthens profitability.
- Future Outlook: Management is focused on cash flow generation and margin improvement, planning to enhance balance sheet resilience through divestitures of non-core real estate assets and cost-reduction initiatives to navigate macroeconomic challenges.
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Vision Marine Technologies Approves 1-for-40 Reverse Stock Split to Enhance Compliance
- Reverse Stock Split Decision: Vision Marine Technologies' board approved a 1-for-40 reverse stock split, reducing outstanding shares from approximately 37,008,735 to about 925,218 shares, aimed at increasing the per-share market price to comply with Nasdaq's minimum $1 requirement.
- Effective Date Set: The reverse stock split is expected to take effect on January 14, 2026, ensuring that the company's shares continue trading on a split-adjusted basis while maintaining shareholders' proportional ownership.
- Shareholder Rights Protection: Following the reverse stock split, any fractional shares resulting from the consolidation will be combined into whole shares, ensuring all shareholders' rights are protected without affecting the number of authorized common shares.
- Transfer Agent Arrangement: Odyssey Transfer and Trust Company will act as the exchange agent for the reverse stock split, with shareholders holding shares electronically not needing to take any action, ensuring a smooth process for the split.
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