Investissement Quebec Takes 9.99% Stake in Vision Marine

TL;DR

**Government-backed Investissement Quebec just bought 9.99% of Vision Marine, signaling a big vote of confidence.**

AI Summary

Investissement Quebec, a Canadian government entity, has filed an initial SC 13D, disclosing its ownership of 1,000,000 common shares of Vision Marine Technologies Inc. This stake represents 9.99% of the company's outstanding shares, making Investissement Quebec a significant shareholder. The filing, triggered by an event on January 17, 2024, indicates a substantial investment by a government-backed entity, which could signal confidence in Vision Marine's future, potentially boosting investor sentiment and the stock price.

Why It Matters

This significant investment by a government-backed entity could be seen as a vote of confidence in Vision Marine Technologies, potentially attracting more investors and stabilizing the stock.

Risk Assessment

Risk Level: low — The filing indicates a new significant investor, which generally reduces risk by providing capital and potential strategic support.

Analyst Insight

A smart investor would view this as a positive signal, potentially indicating a strong belief in Vision Marine's long-term prospects from a significant, government-backed entity. This could warrant further research into Vision Marine's business and the potential strategic implications of this investment.

Key Numbers

• 1,000,000 — Common Shares Acquired (The total number of Vision Marine Technologies Inc. common shares now beneficially owned by Investissement Quebec.)
• 9.99% — Ownership Percentage (The percentage of Vision Marine Technologies Inc.'s outstanding common shares represented by Investissement Quebec's holding.)

Key Players & Entities

• Investissement Quebec (company) — the entity acquiring shares and filing the SC 13D
• Vision Marine Technologies Inc. (company) — the subject company whose shares were acquired
• 1,000,000 (dollar_amount) — number of common shares acquired by Investissement Quebec
• 9.99% (dollar_amount) — percentage of Vision Marine Technologies Inc.'s common shares owned by Investissement Quebec
• January 17, 2024 (person) — date of the event requiring the SC 13D filing

Forward-Looking Statements

• Vision Marine Technologies Inc. stock price will see increased stability due to the significant institutional investment. (Vision Marine Technologies Inc.) — medium confidence, target: Q2 2024
• Investissement Quebec may seek a board seat or increased influence in Vision Marine Technologies Inc. given their substantial stake. (Investissement Quebec) — low confidence, target: Q3 2024

FAQ

Key Financial Figures

• $1,000 — e " Preferred Shares ") at a price of US$1,000 per Preferred Share and 2,857,142 commo
• $3,000,000 — nts ") for aggregate consideration of US$3,000,000. At any time, the Reporting Person may
• $1.05 — ares into Common Shares at a price of US$1.05 per Common Share, as may be adjusted, f

Filing Documents

• sc13d.htm (SC 13D) — 70KB
• ex1.htm (EX-1) — 108KB
• 0001341004-24-000018.txt ( ) — 180KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 29, 2024 INVESTISSEMENT QUBEC By: /s/ Andr Dessureault Name: Andr Dessureault Title: Directeur principal, Affaires juridiques, Investissements SCHEDULE I Executive Officers and Directors of Investissement Qubec The name and principal occupation of each director and executive officer of Investissement Qubec are set forth below. The address for each person listed below is c/o Investissement Qubec, Iberville Building 1, 1195 Lavigerie Avenue, Suite 060, Qubec, Qubec G1V 4N3. OFFICERS : Name Present Principal Occupation or Employement Citizenship Guy Leblanc President and Chief Executive Officer Canada Bicha Ngo Senior Executive Vice-President, Private Equity Canada Laurent Naud Senior Vice-President, Finance, Credit Risk Management and IT Canada Hubert Bolduc President, IQ International Canada Marie Zakab Senior Vice-President, Human Resources and Internal Communications Canada Sylvain Gendron Senior Vice-President, Legal Affairs, and Corporate Secretary Canada DIRECTORS : Name Present Principal Occupation Citizenship Genevive Fortier Chief Executive Officer, Promutuel Assurance Canada David Bahan Deputy Minister of the Ministry of Economy, Innovation and Energy Canada Anne Bourhis Human Resources Management Professor, HEC Montral Canada Catherine Dub Business Executive and Management Consultant, Coboom Canada Louis-Daniel Gauvin Corporate Director Canada Manon Genest Founding Partner, General Manager, Montral Office, TACT Intelligence-conseil Canada Mlissa Gilbert Executive Vice-President and Leader, Finance, Beneva Canada lose Harvey President, EPIQ Machineries Inc. Canada Claudine Roy President and CEO Gestion immobilire Gasp Canada Louise Sanscartier Governance Consultant and Corporate Director Canada Marie-Soleil T

View Full Filing

View this SC 13D filing on SEC EDGAR