Vision Marine Technologies Completes US$16.3 Million At-the-Market Equity Offering Program
Vision Marine Technologies completed its at-the-market equity offering program, raising approximately US$16.3 million in gross proceeds through the issuance of 6.38 million common shares. Following the completion of the offering, the company reports approximately US$9.5 million in unrestricted cash with 6.53 million common shares outstanding, and expects additional non-dilutive capital from pending real estate transactions.
Key figures
- Deal Value Usd
- 16334922
- Shares Offered
- 6380235
- Transaction costs usd
- 782679
- Unrestricted cash usd
- 9500000
- Shares outstanding post
- 6530460
- Pending real estate net proceeds usd
- 5580000
- Pending real estate gross proceeds usd
- 13100000
AI analysis
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