Vision Marine Secures Conditional TSXV Listing Approval and Raises US$1.98M via ATM Program
Vision Marine Technologies has received conditional approval to list its common shares on the TSX Venture Exchange and is finalizing trading commencement details alongside its existing Nasdaq listing. The company issued 975,333 shares under its ATM program at an average US$2.03 price, generating US$1.98 million in gross proceeds.
1. Conditional TSXV Listing Approval
Vision Marine has obtained conditional listing approval from the TSX Venture Exchange and is working to finalize trading commencement details, with its Nasdaq listing remaining the company’s primary trading venue.
2. At-The-Market Equity Program Details
Under its ATM program, Vision Marine issued 975,333 common shares at a weighted average price of US$2.03, generating gross proceeds of US$1.98 million and net proceeds of US$1.89 million after fees, with capacity to raise up to US$16.34 million.
3. Strategic Capital Markets Expansion
The additional TSXV listing and ATM program support Vision Marine’s goal of broadening its investor reach—particularly among Canadian institutions—and align with its commercialization efforts for the E-Motion™ high-voltage electric propulsion platform.