Exhibit 107
Calculation of Filing Fee Tables
F-3
(Form Type)
Vision Marine Technologies Inc.
Table 1: Newly Registered Securities
| | Security Type | | Security Class Title | | Fee Calculation or Carry Forward Rule | | | Amount Registered | | | Proposed Maximum Offering Price Per Unit | | | Maximum Aggregate Offering Price | | | Fee Rate | | | Amount of Registration Fee | |
| | | | | | | | | | | | | | | | | | | | | | |
| | | | Newly Registered Securities | | | | |
Fees to Be Paid | | | | Equity | | Common Shares, no par value(1) | | | 457 | (c) | | | 7,294,920 | (2) | | $ | 1.88 | (3) | | $ | 13,714,450 | (3) | | $ | 0.0001531 | | $ | 2,100 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fees Previously Paid | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Total Offering Amounts | | | | | | | | | | | $ | 13,483,836 | | | | | | $ | 2,100 | |
| | | | Total Fees Previously Paid | | | | | | | | | | | $ | - | | | | | | | | |
| | | | Total Fee Offsets | | | | | | | | | | | $ | - | | | | | | | | |
| | | | Net Fee Due | | | | | | | | | | | | | | | | | | $ | 2,100 | |
| (1) | In accordance with Rule 416(a), the registrant is also registering an indeterminate number of additional common shares that shall be issuable pursuant to Rule 416 to prevent dilution resulting from share splits, share dividends or similar events. |
| (2) | The amount registered consists of (i) 4,256,400 common shares, (ii) 450,000 common shares underlying the pre-funded warrants, (iii) 2,353,200 common shares underlying the common warrants and (iv) 235,320 common shares underlying the placement agent warrants. |
| (3) | Estimated solely for the purpose of calculating the registration fee, based on the average of the high and low prices of our common shares on The Nasdaq Capital Market on January 17, 2025 (such date being within five business days of the date that this registration statement was first filed with the Securities and Exchange Commission, in accordance with Rule 457(c) under the Securities Act). |