Vision Marine Implements Reverse Stock Split

Vision Marine Technologies Inc. has announced a 10-for-1 reverse stock split. This adjustment will be effective from March 31, 2025. The company's shares will continue trading under the symbol "VMAR" with a new CUSIP number, 92840Q301.

The reverse split will reduce the outstanding common shares from approximately 10.4 million to 1.04 million, helping to meet Nasdaq's minimum bid price requirement of $1.00 per share. The adjustment will automatically convert every ten common shares into one, affecting equity awards and incentive plans proportionately. The total number of authorized shares remains unchanged.

Shareholders do not need to take any action, as adjustments will be handled by Vstock Transfer LLC. The company's transfer agent will ensure the transition is smooth, particularly for those holding shares through banks or brokers.