#NASDAQ #Canada #Stock Split #Montreal #Vision Marine

Vision Marine Technologies Approves Reverse Stock Split

Date: June 15, 2026
Location: Montreal

Vision Marine Technologies Inc. (NASDAQ: VMAR), a company at the forefront of marine technology, has recently announced a significant corporate decision: the board of directors approved a reverse stock split at a ratio of 1 for 10. This means that, effective from June 17, 2026, each ten shares of common stock held will be consolidated into one, thereby reducing the total shares outstanding from approximately 7.27 million to around 727,050 shares.

The initiative aims to align with Nasdaq's minimum listing requirements, specifically to maintain the bid price above the critical $1.00 threshold set by the Nasdaq Listing Rule 5550(a)(2). By implementing this reverse split, Vision Marine seeks to bolster the market price of its shares, ensuring its compliance and enhancing investor confidence.

In practical terms, this reverse split will automatically adjust the shares held by current shareholders. Fractional shares will not be created through this split; instead, shareholders will receive whole shares in place of any fractional interest resulting from the consolidation.

Details of the Reverse Stock Split

The reverse stock split's impact will be felt immediately on the effective date, with trading commencing on a split-adjusted basis under the existing ticker symbol, VMAR.
The new CUSIP number for the common shares will be 92840Q509. This transition is designed for a seamless experience for current investors, as no further action is required on their part for those holding shares electronically or through brokers.

Vision Marine's board has communicated that the share consolidation will not affect the authorized number of shares, which remains limitless, nor will it alter the par value of the common shares. Furthermore, adjustments will be made to the exercise prices of options and other equity awards in line with the reverse stock split.

Why a Reverse Stock Split?

The primary goal of this decision is to counteract potential non-compliance with stock price regulations that can impact a company's ability to trade on major exchange platforms. By increasing the share price through this consolidation, Vision Marine aims to reaffirm its position and appeal within the competitive landscape of marine technologies.

About Vision Marine Technologies

Vision Marine Technologies stands out in the marine industry for its dedication to sustainable boating solutions, operating within both internal combustion and electric segments. The company integrates its innovative E-Motion™ high-voltage propulsion platform with its Nautical Ventures retail network, providing a comprehensive ecosystem that enhances customer engagement and strengthens service offerings.

Conclusion

As Vision Marine Technologies embarks on this restructuring phase, it aims to fortify its market position and ensure long-term success against a backdrop of evolving industry dynamics. Investors and stakeholders are encouraged to monitor updates closely as the effective date approaches, ensuring a smooth transition during this period of change.

For further inquiries, contact:

• - Investor Relations: Bruce Nurse at (309) 919-2913
• - CEO: Alexandre Mongeon at (450) 951-7009
• - CFO: Raffi Sossoyan at (450) 951-7009.

This announcement contains forward-looking statements that reflect expectations regarding future events or trends. Please review the accompanying risk factors outlined in Vision Marine's filings.