Vision Marine Technologies Inc, an electric powerboats and outboard powertrain systems manufacturer, has filed Form F-1 Registration Statement on July 9, 2020 with the U.S. Securities and Exchange Commission to raise up to $18 million in an IPO. Pricing terms are yet to announce.
The Quebec, Canada-based company was founded in 2012 and generated $2 million in revenue for the 12 months ended February 29, 2020. Its major revenue came from sales of its electric powerboats.
The company plans to list on the Nasdaq Capital Market under the symbol “VMAR.”. ThinkEquity is the underwriters of the IPO.
The company engages Ortoli Rosenstadt LLP as US Securities Counsel, and BDO Canada LLP as Independent Auditor.
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