#USA #Fort Lauderdale #Vision Marine #Electric Boats #E-Motion

Vision Marine Technologies Completes $16.3 Million At-the-Market Equity Offering

Overview
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) has successfully concluded its at-the-market (ATM) equity offering, raising approximately US$16.3 million. This milestone marks a significant step in strengthening the company's financial foundation and operational capabilities in marine technology and recreational boating.

Details of the Offering
The ATM program, which began on January 23, 2026, has concluded with the issuance of 6,380,235 common shares, yielding gross proceeds of US$16,334,922, with transaction costs amounting to US$782,679. With this program now complete, Vision Marine has 6,530,460 common shares outstanding and approximately US$9.5 million in unrestricted consolidated cash. This cash position reflects the company's financial agility following the ATM completion, excluding any restricted cash balances.

Future Transactions and Financial Prospects
In addition to the funds raised from the ATM program, Vision Marine is poised to gain further cash from pending real estate transactions in Florida. If these transactions go ahead as planned, they could generate around US$13.1 million in gross sales and an estimated US$5.58 million in net equity proceeds. Management emphasizes that this expected influx of capital will significantly enhance their liquidity, enabling them to pursue strategies that optimize inventory, refine marina operations, develop electric boat products, and undertake strategic growth initiatives.

Management Insights
Alexandre Mongeon, the CEO and Co-Founder of Vision Marine, expressed confidence about the company's future, stating, "Finishing the ATM program, together with the expected non-dilutive capital from our pending real estate transactions, strengthens our strategy's foundation. We're focused on advancing our E-Motion™ technology, expanding our electric boat offerings, optimizing our retail and marina platforms, and establishing a scalable foundation for the future of boating and shareholder value."

Financial Leadership
Raffi Sossoyan, the Chief Financial Officer, underscored the importance of this ATM's completion in solidifying the company's financial position. With access to approximately US$9.5 million in unrestricted cash, Vision Marine is strategically positioned to prioritize operational goals and develop its business without compromising shareholder equity. He pointed to the positive trajectory of the operating cash flow witnessed over the first nine months of the 2026 fiscal year as evidence of the company’s robust financial health.

Conclusion
The successful completion of Vision Marine's ATM equity offering not only strengthens its existing financial standing but also paves the way for continued innovation in the electric boats sector. As the company looks to execute its operational priorities and maintain financial flexibility, it positions itself as a leader in the marine technology space. The anticipated revenues from Florida's real estate transactions are expected to further solidify Vision Marine's strategy for sustainable growth, fostering long-term shareholder value.

Vision Marine Technologies Inc. is dedicated to redefining the recreational boating experience through innovative technology, namely its E-Motion™ platform, which integrates advanced electric propulsion systems with enhanced consumer access through a multi-brand retail and service operation. Through this model, the company aims to not only advance its own technological innovations but also enrich the boating experience for users around the globe.