Vision Marine Technologies Files Patent Application Covering Structural Integration of High-Voltage Electric Outboard Systems [Accessibility Statement] Skip NavigationMONTREAL, Feb. 12, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), an electric marine technology company specializing in high-voltage marine propulsion, together with its recently acquired retail network, Nautical Ventures, an award-winning Florida-based dealership group, today announced ...

Core Insights - Vision Marine Technologies Inc. has opened a new Nautical Ventures retail store in Palm City, Florida, marking a significant milestone with over 1,100 yacht tenders sold since 2021 [1][4][5] - The Palm City location serves as a high-volume tender rigging and logistics center, reflecting sustained customer demand and operational scale [2][5] - The yacht tender and inflatable boat segment is a substantial part of the global marine industry, with long-term demand driven by superyacht activity and charter fleets [3][6] Company Developments - The Palm City store will enhance Vision Marine's retail presence and support centralized rigging and delivery operations for tenders sold across the Nautical Ventures network [5][6] - The company is formalizing Palm City as a customer-facing dealership, which will improve customer access along Florida's Atlantic coast [5][6] - Vision Marine's strategy includes leveraging its E-Motion™ high-voltage electric propulsion system within the yacht tender segment, aiming for future integration on applicable platforms [6][7] Industry Context - The global inflatable boat market operates at a multi-billion-dollar scale, supported by increasing demand for performance and service in the yacht tender segment [3][4] - The evolution of the tender market has transformed it from a functional accessory to a central component of boating experiences, leading to increased expectations from customers [4][6] - Vision Marine's disciplined tender strategy focuses on asset optimization and scalable execution to capitalize on market opportunities [3][6]

Core Insights - Vision Marine Technologies Inc. has announced the development of Project Pelagos, an AI-driven customer intelligence and revenue operations platform for its retail subsidiary, Nautical Ventures [1][4] Group 1: Project Pelagos Overview - Project Pelagos aims to enhance execution, coordination, and customer experience within the Nautical Ventures retail network by integrating AI into sales and aftersales operations [2][5] - The platform will connect various traditionally disconnected systems, such as Dealer Management Software and team communications, into a unified environment to improve revenue execution and customer experience [3][4] Group 2: Strategic Importance - The initiative is a key part of Vision Marine's strategy to create a vertically integrated model that combines technology, retail, service, and customer access, focusing on scalability and operational discipline [4][6] - Project Pelagos is designed to provide an AI-assisted customer intelligence layer that analyzes engagement patterns to support opportunity prioritization and improve internal workflows while maintaining human judgment [5][6] Group 3: Development and Future Plans - Project Pelagos is currently under active development, with a phased rollout planned for 2026 across Nautical Ventures' sales and customer operations [7] - The integration of AI is expected to enhance operating leverage within the retail platform, leading to more efficient sales execution and consistent performance as the network expands [6][7]

Core Insights - Vision Marine Technologies Inc. has launched Specter, a flagship electric 26'6" tritoon platform, which will be showcased at major North American marine industry events [1][2] - Specter is part of Vision Marine's product roadmap and highlights the company's high-voltage electric propulsion strategy [2][6] Product Features - Specter is powered by Vision Marine's proprietary E-Motion™ high-voltage electric propulsion system, featuring an integrated onboard charging architecture for practical electric boating [3] - The platform incorporates advanced foiling technology developed with Hydrofin to enhance efficiency and performance [3] - Specter features a fiberglass monocoque hull and a modern interior layout, providing a premium onboard experience [3] Market Overview - The global pontoon market was valued at approximately USD 8.1 billion in 2024, with a projected compound annual growth rate of about 8.8% through 2031, indicating strong consumer interest [4] - North America holds a significant share of the pontoon market, driven by active participation in lake and river boating [4] Distribution and Support - Specter will be distributed through Vision Marine's network and its wholly owned dealership group, Nautical Ventures, ensuring integrated sales and service capabilities [5][6] Strategic Objectives - The launch of Specter aligns with Vision Marine's strategy to advance electric technology in established boating segments and enhance market visibility [6][8]

Core Viewpoint - Vision Marine Technologies Inc. has reported significant operational improvements, including its first positive operating cash flow quarter, driven by the integration of Nautical Ventures Group and operational efficiencies [2][7]. Financial Performance - The company generated $1.9 million in cash from operating activities for the quarter ended November 30, 2025, marking a notable shift from previous cash consumption [2]. - Total revenues for the quarter reached $15.7 million, a substantial increase from $0.1 million in the prior-year period, primarily due to the expanded U.S. retail platform following the acquisition of Nautical Ventures [4]. - Gross profit for the quarter was $4.2 million, representing a gross margin of 27% [4]. - The net loss before taxes was $4.3 million, compared to a loss of $1.1 million in the prior-year period, influenced by the strategic acquisition of Nautical Ventures [5]. - The EBITDA loss for the quarter was $2.3 million, slightly higher than the $2.0 million loss in the prior-year period, primarily due to the inclusion of Nautical Ventures' results [6]. Liquidity and Capital Structure - As of November 30, 2025, the company reported cash of $2.3 million and a working capital surplus of approximately $4.7 million, excluding $9.6 million in gross proceeds from equity financing completed on December 19, 2025 [3]. - The positive operating cash flow and recent equity financing are expected to strengthen the company's liquidity profile as it executes operational optimization initiatives [3][7]. Strategic Focus and Outlook - The company aims to achieve EBITDA-positive and cash-flow-positive operations as quickly as possible to enhance long-term shareholder value [2]. - Key priorities for fiscal 2026 include strengthening core operating fundamentals, cash-flow generation, margin improvement, and balance-sheet resilience [8]. - Planned initiatives include completing the integration of Nautical Ventures, monetizing non-core real-estate assets, optimizing inventory levels, and expanding aftersales and maintenance programs [13].

Core Viewpoint - Vision Marine Technologies Inc. has announced a 1-for-40 reverse stock split to increase the per share market price and comply with Nasdaq's minimum bid price requirement of $1.00 [3][4]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding common shares from approximately 37,008,735 to about 925,218 shares [2]. - The reverse stock split is set to take effect on January 14, 2026, and shares will trade under the existing symbol "VMAR" [1][3]. - No fractional shares will be issued; shareholders will receive one whole share for any fractional interest [5]. Group 2: Impact and Adjustments - Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards and equity incentive plans [4]. - The number of authorized common shares will remain limitless, and the par value of the common shares will not be affected by the reverse stock split [4]. Group 3: Company Overview - Vision Marine Technologies operates in the marine technology sector, providing premium boating experiences through its E-Motion™ high-voltage propulsion platform and Nautical Ventures retail network [7].

Core Viewpoint - Vision Marine Technologies Inc. has successfully closed a public offering of 32,000,000 units at a price of $0.30 per unit, generating gross proceeds of $9,600,000 before expenses [1]. Group 1: Offering Details - The offering consists of units that include one common share (or pre-funded warrant) and one-half of one warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.375, expiring five years from issuance [1]. - ThinkEquity acted as the sole placement agent for this offering [2]. Group 2: Use of Proceeds - The proceeds from the offering will primarily be used for general corporate purposes, including inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications related to the E-Motion electric powertrain technology [2]. Group 3: Company Overview - Vision Marine Technologies is a leader in high-voltage electric marine propulsion systems and operates a multi-brand boat retail and service platform, providing premium boating experiences across both internal combustion and electric segments [3]. - The company offers an integrated ecosystem that spans propulsion, retail, service, and on-water consumer engagement through its E-Motion high-voltage propulsion platform and Nautical Ventures retail network [3].

Group 1 - Vision Marine Technologies Inc. shares increased by 16.67% to $0.28 in after-hours trading following a best-efforts public offering [1] - The company priced 32 million units at $0.30 each, aiming for gross proceeds of $9.6 million before fees [2] - Each unit consists of one common share or a pre-funded warrant, along with a half warrant, with whole warrants allowing the purchase of one common share at an exercise price of $0.375 [2] Group 2 - The funds from the offering will be allocated for general corporate purposes, working capital, inventory management, floorplan credit lines, general and administrative expenses, and the E-Motion™ electric powertrain technology [4] - ThinkEquity is the sole placement agent for the offering, with the closing scheduled for Friday, subject to standard conditions [3] Group 3 - The Relative Strength Index (RSI) for Vision Marine Technologies is at 32.96, indicating a significant decline of 98.40% over the past 12 months [6] - The stock has a market capitalization of $1.20 million and has traded between a 52-week high of $38.60 and a low of $0.23 [6] - Currently, the stock is at approximately 0.03% of its 52-week range, suggesting it is very close to its annual low [7]

Company Overview - Elliott Investment Management has acquired a stake exceeding $1 billion in lululemon Athletica (LULU), making it one of the company's largest shareholders [3][4]. - lululemon's current market value is approximately $25 billion [5]. Leadership Changes - Elliott is advocating for leadership changes at lululemon, including proposing Jane Nielsen, a former CFO and COO at Ralph Lauren, as a potential new CEO [4]. - The current CEO is set to exit in January 2026, following criticism regarding product execution and market share losses to competitors like Alo Yoga, alongside a 60% decline in share price from its peak [4]. Market Reaction - Following the news of Elliott's investment, lululemon's shares rose by 4% in premarket trading [5].

Core Viewpoint - Vision Marine Technologies Inc. announced a public offering of 32,000,000 units at a price of $0.30 per unit, aiming to raise gross proceeds of $9,600,000 before expenses [1][2]. Group 1: Offering Details - Each unit consists of one common share (or a Pre-Funded Warrant) and one-half of one Warrant, with each whole Warrant allowing the purchase of one common share at an exercise price of $0.375 [1]. - The offering is expected to close on December 19, 2025, pending customary closing conditions [1]. - The common shares and Warrants will be issued separately, but must be purchased together in even numbers [1]. Group 2: Use of Proceeds - The proceeds from the offering will primarily be used for general corporate purposes, including inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications for the E-Motion™ electric powertrain technology [2]. Group 3: Company Overview - Vision Marine Technologies is a leader in high-voltage electric marine propulsion systems and operates a multi-brand boat retail and service platform [1][4]. - The company offers an integrated ecosystem that spans propulsion, retail, service, and on-water consumer engagement through its E-Motion™ propulsion platform and Nautical Ventures retail network [4].