VMAR - Vision Marine Technologies to raise $1.6M via equity offering
2023-04-20 02:12:52 ET
- Vision Marine Technologies ( NASDAQ: VMAR ) enters agreement with investors for the issuance and sale of 381,293 shares for a price of $4.21 per share.
- Gross proceeds of ~$1.6M, in a registered direct offering.
- Warrants to purchase up to 381,293 shares, which represents 100% of direct offering will be issued in concurrent offering. The warrants will have an exercise price of $4.21 per share.
- Net proceeds to be deployed for working capital and general corporate purposes.
- Closing expected on April 20.
For further details see:
Vision Marine Technologies to raise $1.6M via equity offering