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Stock impact report

Vision Marine Technologies Inc. Announces Pricing of Public Offering [Yahoo! Finance]

Vision Marine Technologies Inc. - Common Shares (VMAR) 
Company Research Source: Yahoo! Finance
electric marine propulsion systems with a multi-brand boat retail and service platform, today announced the pricing of a best-efforts public offering of 32,000,000 units. Each unit consists of one common share (or pre-funded warrant ("Pre-Funded Warrant") in lieu thereof) and one-half of one warrant (each whole warrant, a "Warrant"). Each unit is being sold to the public at a price of $0.30 per unit (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $9,600,000 before deducting placement agent fees and offering expenses. Each whole Warrant entitles the holder to purchase one common share at an exercise price of $0.375 per share and will expire five years from the date of issuance. The offering is expected to close on December 19, 2025, subject to satisfaction of customary closing conditions. The common shares (or Pre-Funded Warrants) and Warrants can only be purchased together in the offering but will be issued separately. Because the Company will issue only wh Show less Read more
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