Vision Marine Technologies Inc. Announces Closing of Public Offering – Montgomery Advertiser

Report on Vision Marine Technologies Inc. Public Offering and Alignment with Sustainable Development Goals

Executive Summary

Vision Marine Technologies Inc. (NASDAQ: VMAR), a leader in the electric marine propulsion sector, has successfully closed a public offering, securing significant capital to advance its mission. This report details the financial transaction and analyzes the company’s strategic alignment with several key United Nations Sustainable Development Goals (SDGs), particularly through its development of high-performance electric outboard systems. The capital raised is expected to bolster the company’s capacity to innovate and expand its market presence, thereby accelerating the transition to cleaner and more sustainable marine transportation.

Financial Details of the Public Offering

The public offering, which closed on August 18, 2025, consisted of the following key elements:

• Shares Offered: 3,500,000 shares of common stock or pre-funded warrants.
• Offering Price: $2.00 per share.
• Gross Proceeds: $7,000,000, before deducting underwriting discounts and offering expenses.
• Over-Allotment Option: Underwriters have a 45-day option to purchase up to an additional 525,000 shares.
• Lead Underwriter: ThinkEquity acted as the sole book-running manager.

The proceeds are earmarked for general corporate purposes, working capital, and potential strategic acquisitions, all of which will support the company’s growth in the sustainable technology sector.

Strategic Alignment with Sustainable Development Goals (SDGs)

Vision Marine’s core business of designing and manufacturing high-voltage electric marine propulsion systems, such as its flagship E-Motion 180E, directly contributes to the achievement of multiple SDGs.

Contribution to Climate Action and Clean Energy (SDG 13 & SDG 7)

The company’s technology provides a direct response to the climate crisis by offering a viable alternative to traditional internal combustion engines (ICE) in the marine industry. This contributes to:

1. SDG 13 (Climate Action): By replacing fossil-fuel-powered engines, Vision Marine’s electric systems significantly reduce greenhouse gas emissions from recreational and commercial watercraft.
2. SDG 7 (Affordable and Clean Energy): The promotion of electric propulsion systems supports the global shift towards cleaner energy sources and enhances energy efficiency in the transportation sector.

Fostering Innovation and Sustainable Infrastructure (SDG 9)

Vision Marine stands as a pioneer in its field, driving technological advancement and building a foundation for a more sustainable marine industry.

• The development and industrialization of the E-Motion 180E system represent a significant innovation in marine engineering.
• By providing market-ready solutions, the company helps build resilient and sustainable infrastructure for marine transport and recreation.

Protecting Marine Ecosystems (SDG 14)

The transition to electric boating has profound positive impacts on aquatic environments, directly supporting the objectives of SDG 14 (Life Below Water).

• Pollution Reduction: Electric outboards eliminate the discharge of fuel, oil, and other pollutants into waterways, preserving water quality and protecting marine life.
• Noise Reduction: The quiet operation of electric motors reduces underwater noise pollution, which is known to disrupt the communication, navigation, and feeding patterns of marine animals.

Promoting Sustainable Communities and Consumption (SDG 11 & SDG 12)

By making clean marine technology accessible, Vision Marine encourages responsible consumption patterns and contributes to the health of communities reliant on waterways.

1. SDG 11 (Sustainable Cities and Communities): Cleaner waterways enhance the quality of life and economic vitality of coastal and lakeside communities.
2. SDG 12 (Responsible Consumption and Production): The company’s products enable consumers to make more sustainable choices, fostering a shift in the recreational boating market towards environmentally friendly practices.

Company Profile and Market Position

Vision Marine Technologies Inc. is a key player in the electrification of the marine industry. Its business model is twofold:

• Technology Development: The design, manufacture, and sale of its proprietary E-Motion 180E high-voltage electric outboard system.
• Retail and Service: Through its Nautical Ventures division, the company operates nine retail locations in Florida, providing consumers with a range of both electric and ICE boats, thereby facilitating the market transition to sustainable options.

Regulatory and Procedural Information

The offering was conducted in accordance with regulatory requirements. A registration statement on Form F-1 (File No. 333-289547) related to the shares was filed with the Securities and Exchange Commission (SEC) and became effective on August 15, 2025. The offering was made solely by means of a prospectus, copies of which are available from ThinkEquity.

Analysis of Sustainable Development Goals in the Article

1. Which SDGs are addressed or connected to the issues highlighted in the article?

The article, while primarily a financial press release, highlights the business of Vision Marine Technologies Inc., a company whose core products connect to several Sustainable Development Goals (SDGs) through their environmental benefits. The relevant SDGs are:

• SDG 7: Affordable and Clean Energy – By developing and selling electric marine propulsion systems, the company promotes a shift from fossil fuel-based energy to clean electrical power in the marine sector.
• SDG 9: Industry, Innovation, and Infrastructure – The article describes the company as a “pioneer” and “leader in high-voltage electric marine propulsion systems,” which points directly to innovation and the development of clean, environmentally sound technologies for the marine industry.
• SDG 11: Sustainable Cities and Communities – The use of electric boats in urban and community waterways helps reduce local air and noise pollution, contributing to a healthier and more sustainable environment for residents.
• SDG 13: Climate Action – Electric propulsion systems offer a direct alternative to internal combustion engines (ICE), which are sources of greenhouse gas emissions. The adoption of this technology contributes to mitigating climate change.
• SDG 14: Life Below Water – Traditional ICE boat motors can release oil, fuel, and exhaust pollutants directly into the water. The company’s electric systems eliminate this source of marine pollution, helping to protect aquatic ecosystems.

2. What specific targets under those SDGs can be identified based on the article’s content?

Based on the nature of the company’s products described in the article, the following specific SDG targets can be identified:

1. Target 7.2: By 2030, increase substantially the share of renewable energy in the global energy mix.
   • Explanation: The company’s “high-voltage electric outboard system” facilitates the use of electricity, which can be sourced from renewables, as a power source for marine transport, thus contributing to this target.
2. Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes.
   • Explanation: Vision Marine’s flagship “E-Motion 180E” system is a “clean and environmentally sound technology” designed to retrofit the marine industry, moving it away from reliance on fossil fuels.
3. Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality.
   • Explanation: By providing an alternative to ICE motors, the company’s products help reduce air and noise pollution in marinas and waterways located within or near cities and communities.
4. Target 13.2: Integrate climate change measures into national policies, strategies and planning.
   • Explanation: The technology offered by Vision Marine provides a market-ready solution that supports policies and strategies aimed at reducing transportation-related carbon emissions.
5. Target 14.1: By 2025, prevent and significantly reduce marine pollution of all kinds, in particular from land-based activities, including marine debris and nutrient pollution.
   • Explanation: The article highlights the company’s focus on electric propulsion, which directly addresses marine pollution by eliminating the discharge of fuel, oil, and exhaust pollutants from boat motors into the water.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

The article does not mention explicit SDG indicators, as it is a financial announcement. However, several indicators are implied by the company’s activities and products:

• Implied Indicator for Targets 7.2 and 9.4: The development and sale of “high-voltage performance electric marine propulsion” systems. The article’s announcement of a public offering to raise $7,000,000 for “working capital, and potential acquisitions or strategic investments” implies an intent to scale the production and adoption of this clean technology, which serves as an indicator of progress.
• Implied Indicator for Target 14.1: The number of electric outboard systems sold and replacing traditional internal combustion engines. While the article does not provide sales figures, it establishes that the company “designs, manufactures, and sells its flagship E-Motion 180E high-voltage electric outboard system,” making the proliferation of this product a direct measure of reduced potential marine pollution from recreational and commercial boating.

4. Summary Table of SDGs, Targets, and Indicators

SDGs	Targets	Indicators (Implied from the Article)
SDG 7: Affordable and Clean Energy	7.2: Increase substantially the share of renewable energy in the global energy mix.	The manufacturing and sale of electric marine propulsion systems as an alternative to fossil fuel-powered engines.
SDG 9: Industry, Innovation, and Infrastructure	9.4: Upgrade infrastructure and retrofit industries for sustainability with clean and environmentally sound technologies.	The company’s position as a “pioneer” in developing “high-voltage electric marine propulsion systems” like the E-Motion 180E.
SDG 11: Sustainable Cities and Communities	11.6: Reduce the adverse per capita environmental impact of cities, including air quality.	The provision of electric boat motors that reduce local air and noise pollution in urban waterways.
SDG 13: Climate Action	13.2: Integrate climate change measures into policies, strategies and planning.	The availability of market-ready electric propulsion technology that helps reduce greenhouse gas emissions from the marine sector.
SDG 14: Life Below Water	14.1: Prevent and significantly reduce marine pollution of all kinds.	The replacement of internal combustion engine (ICE) outboards, which leak fuel and oil, with clean electric systems.

Source: montgomeryadvertiser.com