Vision Marine closes $16.3M share sale, holds $9.5M cash
What's the deal? Vision Marine TechnologiesDealroom has a profile for this one. Try Dealroom → has completed an at-the-market equity offering, raising roughly $16.3 million in gross proceeds. The marine technology and boating company, listed on Nasdaq and the TSXV, sold 6,380,235 common shares through sole sales agent ThinkEquityDealroom has a profile for this one. Try Dealroom →.
The details: Gross proceeds totalled $16,334,922, less $782,679 in transaction costs. After final settlement, Vision Marine has 6,530,460 shares outstanding and about $9.5 million in unrestricted consolidated cash.
Why now? The program launched on January 23, 2026, and is now closed, with no further shares to be issued under it. The completion adds liquidity as the company pursues its operating priorities.
What's the endgame? Vision Marine combines high-voltage electric propulsion technology with a retail, marina, and service platform. It plans to fund inventory optimization, marina operations, E-Motion commercialization, and its electric boat portfolio.
The company also expects non-dilutive capital from pending Florida real estate sales. If completed, they would generate roughly $13.1 million in gross proceeds and about $5.58 million in net equity proceeds before adjustments, taxes, and costs.
"Completing the ATM program, together with the expected non-dilutive capital from our pending real estate transactions, strengthens the foundation from which we can continue executing our strategy," said chief executive officer and co-founder Alexandre Mongeon.
What could go wrong? The real estate transactions remain subject to customary closing conditions. The company cautions there is no assurance they will close on the anticipated terms, timing, or proceeds.
The signal: The raise is a quick re-raise for Vision Marine, layering fresh equity onto a still-thin cash position. Pairing dilutive share sales with planned asset sales points to a capital-tight scaleup working to fund electric boating without leaning further on shareholders.
Image credit: Vision Marine Technologies
