Vision Marine Secures US$4M Revolving Inventory Loan, Raises US$2.6M via ATM Equity
Vision Marine secured a US$4.0 million revolving floorplan loan with Centennial Bank to finance new, pre-sold and eligible inventory across its Florida-based Nautical Ventures retail network. The company also issued 1,576,294 shares under its ATM program at a US$1.66 average price, raising US$2.61 million gross (US$2.50 million net).
1. Revolving Inventory Financing
Vision Marine completed a renewal and expansion of its Floorplan Loan and Security Agreement with Centennial Bank’s Shore Premier Finance division, boosting its revolving inventory financing capacity to US$4.0 million. The facility allows funding of new, pre-sold and eligible inventory and is secured by inventory and related assets, supporting inventory deployment across its Florida-based retail operations.
2. ATM Equity Program
Vision Marine issued 1,576,294 common shares under its at-the-market equity program at a weighted average price of US$1.66 per share, generating US$2.61 million in gross proceeds and US$2.50 million net after costs. The ATM program remains available for up to US$16.34 million in aggregate proceeds under its shelf registration.
3. Strategic Execution Impact
The new financing structure aligns with Vision Marine’s Commercial Execution Plan, focusing on disciplined capital allocation, improved sales conversion, and operating efficiency. The combined loan and equity initiatives enhance the company’s vertically integrated model by linking product sourcing, distribution, and customer delivery under a unified framework.