Vision Marine Technologies Inc. (VMAR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
VMAR currently has 4.91M outstanding shares. with significant dilution risk as 37.5M authorized shares could dilute existing holders by 764.6%. The company has significantly diluted shareholders by 932.22% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Dec 03, 2025 |
F-3 filing: Vision Marine Technologies Inc. is filing a shelf registration statement on Form F-3 to offer various securities, including common shares, preferred shares, warrants, and units, up to an aggregate offering price of $200,000,000. |
4.9M | 38M |
| Nov 28, 2025 |
20-F filing | 4.9M shares outstanding |
4.9M | 38M |
| Aug 12, 2025 |
F-1 filing: Vision Marine Technologies Inc. is offering up to 1,883,239 common shares and up to 1,883,239 pre-funded warrants to purchase common shares at an assumed offering price of US$5.31 per common share. |
1.2M | 38M |
| Jan 23, 2025 |
F-3 filing: This F-3 filing relates to the proposed resale of common shares and warrants by selling shareholders, with potential proceeds to the company if warrants are exercised. |
160K | 34M |
| Dec 20, 2024 |
20-F filing | 0.2M shares outstanding |
160K | 26M |
| Oct 08, 2024 |
RW filing: Vision Marine Technologies Inc. is withdrawing its Registration Statement on Form F-1 (File No. 333-280616) because it has elected not to proceed with the offering of securities contemplated by the Registration Statement at this time. |
11M | 26M |
| Jul 01, 2024 |
F-1 filing: This F-1 filing describes the offering of common shares and pre-funded warrants, with details on exercise price, limitations, and transferability of the warrants. |
11M | 26M |
| Jan 30, 2024 |
F-1 filing: This F-1 filing relates to the proposed resale of up to 25,714,284 common shares comprised of shares underlying Series A Convertible Preferred Shares, common warrants, and options to purchase Series A Preferred Shares and common warrants. |
11M | 26M |
| Dec 27, 2023 |
RW filing: Vision Marine Technologies Inc. is withdrawing its Registration Statement on Form F-1 (File No. 333-275503) because it has elected not to proceed with the offering of securities contemplated by the Registration Statement at this time. |
11M | 750K |
| Dec 26, 2023 |
RW filing: Vision Marine Technologies Inc. has withdrawn its Registration Statement on Form F-1 (File No. 333-275503) because it has elected not to proceed with the offering of securities contemplated by the Registration Statement at this time. |
11M | 750K |
| Nov 30, 2023 |
20-F filing | 11.2M shares outstanding |
11M | 750K |
| Oct 05, 2023 |
F-3 filing: This F-3 filing pertains to the offering of common shares by selling shareholders, with 745,740 shares offered, including those issuable upon exercise of warrants. The company will not receive any proceeds from the sale of shares in this offering. |
12M | 750K |
| Nov 30, 2022 |
20-F filing | 8.4M shares outstanding |
8.4M | 0 |
| Oct 14, 2022 |
F-3 filing: Vision Marine Technologies Inc. may offer and issue from time to time common shares, preferred shares, warrants and units of the Company or any combination thereof, with an aggregate offering price not to exceed US$50,000,000. |
8.4M | 0 |
| Dec 30, 2021 |
20-F filing | 8.3M shares outstanding |
8.3M | 0 |