Vision Marine Technologies, a Canadian manufacturer of electric powerboats and outboard powertrain systems, raised $24 million by offering 2.4 million shares at $10, the high end of the range of $8 to $10. The company offered 0.2 million more shares than anticipated. At pricing, Vision Marine raised 20% more in proceeds than expected.
Vision Marine Technologies plans to list on the Nasdaq under the symbol VMAR. ThinkEquity acted as a lead manager on the deal.
