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Vision Marine Technologies Secures Over US$11.7 Million Through At-the-Market Offering to Accelerate Growth and Strategic Acquisitions

1. Vision Marine raised $11.75 million from a successful ATM offering. 2. Funds will be used for strategic acquisitions and to enhance technology.

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FAQ

Why Bullish?

The capital raised could lead to growth through acquisitions, similar to previous successful expansions in the sector.

How important is it?

The announcement directly affects VMAR's financial health and growth trajectory, creating potential upward pressure on the stock.

Why Long Term?

Strategic acquisitions can create lasting value, influencing VMAR positively over time, as seen with other tech firms.

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NASDAQ:VMAR
BOISBRIAND, QC / ACCESSWIRE / January 10, 2025 / Vision Marine Technologies Inc. ("Vision Marine") (NASDAQ:VMAR), a leader in electric marine propulsion systems, is pleased to announce the successful completion of an at-the-market ("ATM") offering, raising gross proceeds of approximately US$11.75 million and net proceeds of approximately US$11.2 million. We intend to use the net proceeds from the offering for general corporate purposes, including strategic acquisitions aimed at expanding our market presence and enhancing our technological capabilities.

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