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Vision Marine Technologies Announces Reverse Stock Split

On January 12, 2026, Vision Marine Technologies Inc. (NASDAQ: VMAR) revealed a major decision by its board of directors to implement a reverse stock split in a 1-for-40 ratio. This pivotal move, aimed at enhancing the company's share price, will take effect as the market opens on January 14, 2026. After the split, outstanding common shares will decrease significantly—from approximately 37 million to about 925,000 shares.

Why a Reverse Stock Split?

The primary motivation for this reverse stock split is to comply with Nasdaq Listing Rule 5550(a)(2), which mandates that a company's shares maintain a minimum trading price of $1.00. This strategic decision follows a December 26, 2025 board meeting where the split was approved, addressing potential non-compliance issues that could affect the company's market presence.

The board's initiative reflects a proactive approach to ensuring compliance with market regulations and maintaining investor confidence. By consolidating the number of shares, Vision Marine aims to increase the per-share market price, which is crucial in the highly competitive marine technology industry.

Implications for Shareholders

As part of the reverse stock split, each shareholder will automatically see their holdings reduced from every forty shares down to one share, with adjustments made for any fractional shares. For example, if a shareholder owned 100 shares prior to the split, they will own 2.5 shares after the consolidation, resulting in the issuance of two whole shares as fractional shares will not be created.

This adjustment will not affect the total value of an individual’s holdings; however, it may elevate the perceived value of each share in the eyes of current and potential investors. Importantly, the split is not expected to impact the par value of the company’s shares, nor will it decrease the number of authorized shares available.

Operational Adjustments

The reversal will also necessitate proportional adjustments to the exercise prices and the number of shares associated with the company's existing equity awards. This means that both stock options and shares in incentive plans will reflect the new consolidated share count. The company intends to ensure full liquidity and maintain shareholder rights throughout the transition.

Odyssey Transfer and Trust Company, designated as the exchange agent for this operation, will streamline the process for shareholders. Those holding shares electronically or through intermediaries will not have to take any additional actions; their accounts will be automatically updated to reflect the reverse stock split.

About Vision Marine Technologies Inc.

Vision Marine Technologies specializes in innovative marine solutions and aims to deliver premium boating experiences across both traditional combustion and electric segments. Their flagship offerings include the E-Motion™ high-voltage propulsion platform alongside a robust retail network through Nautical Ventures. As a firm committed to pushing the boundaries of marine technology, Vision Marine stands at the forefront of enhancing accessibility and sustainability in the watersports industry.

Future Outlook

Looking ahead, Vision Marine remains focused on its long-term growth strategies despite making significant adjustments to its stock structure. The company expresses a commitment to transparency and aims to keep shareholders informed about their plans moving forward. As it navigates the complexities of the stock market, Vision Marine’s leadership is optimistic that these strategic moves will bolster market performance and shareholder value.

In summary, Vision Marine’s announcement of a reverse stock split marks a critical juncture for the company as it strives to meet market requirements and enhance its operational framework. This bold step illustrates their commitment to not only compliance but also to sustaining a competitive edge in the marine technology sector.