IPO - Vision Marine Technologies Inc.

Form Type: F-3

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000110465925005478

Filing Summary: Vision Marine Technologies Inc. filed this F-3 registration statement for the proposed resale of up to 7,294,920 common shares by selling shareholders. The registration includes 4,256,400 common shares, 450,000 shares underlying pre-funded warrants, 2,353,200 shares underlying common warrants, and 235,320 shares underlying placement agent warrants. These securities were issued in a private placement that closed on January 16, 2025. The company does not intend to sell any shares in this offering and will not receive proceeds from the sale of shares by the selling shareholders, but expects to receive approximately US$3.9 million if the warrants are exercised in cash. This prospectus highlights the company's business in designing and manufacturing electric outboard powertrain systems and electric boats, along with their recent expansions and innovative technologies. The filing indicates the Company is classified as an emerging growth company and is subject to reduced disclosure requirements. Additionally, the company references various risk factors pertinent to potential investors.

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