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].

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].