Finance

Corporate news detailing the company’s financial and capital structure decisions. This category features press releases on earnings reports, strategic financial moves, real estate transactions, inventory management, reduction in floor-plan financing, and other public filings or announcements relevant to investors and stakeholders.

Finance, Press Releases

Vision Marine Technologies Inc. Announces Closing of Registered Direct Offering

Montreal, Canada, January 27, 2023 – Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine”
or the “Company”), a global leader and innovator within the performance electric recreational boating
industry, a global leader and innovator within the performance electric recreational boating industry, today
announced the closing of its registered direct offering with certain investors for the issuance and sale of
554,253 of its common shares at a price of $4.21 per share, for gross proceeds of approximately $2.3
million.

Finance, Press Releases

Vision Marine Technologies Inc. to raise approximately $7.3 million

Montreal, Canada, January 20, 2023 – Vision Marine Technologies Inc. (NASDAQ: VMAR)
(“Vision Marine” or the “Company”), a global leader and innovator within the performance electric
recreational boating industry, today announced that it has entered into a definitive agreement with certain
investors for the issuance and sale of 1,741,901 of its common shares (or common share equivalents) for
a price of $4.21 per share, for gross proceeds of approximately $7.3 million, in a registered direct
offering.

Finance, Press Releases

Vision Marine Technologies Reports Third Quarter 2022 Financial Results

Montreal, Canada, July 21, 2022 – Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the leader in electric transition of the recreational boating industry, has filed its fiscal 2022 Q3 results. Revenue for the three months ended May 31, 2022, totaled CAD$2.01 million, which represented a year over year increase of 161% over the CAD$0.77 million reported in the like quarter in 2021.

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