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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 approximately $11.75 million through an ATM offering. 2. Funds will be used for corporate purposes and strategic acquisitions.

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FAQ

Why Bullish?

The successful capital raise can enhance growth initiatives, similar to past funding rounds boosting share prices.

How important is it?

The capital raised is substantial for Vision Marine's strategic expansion plans, impacting future performance.

Why Long Term?

Investments in acquisitions may yield significant benefits over time, improving market share.

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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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