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Vision Marine Technologies Announces Reverse Stock Split
Vision Marine Technologies Inc. (NASDAQ: VMAR), today announced that the Company's board of directors (the "Board") approved 1 for 40 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on January 14, 2026 (the "Effective Date") and the Company's common shares will begin trading on a split-adjusted basis under the existing trading symbol "VMAR." The new CUSIP number for the Company's common shares following the reverse
About this update from Vision Marine Technologies Inc.
[{"type":"text","content":"MONTREAL, Jan. 12, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR), today announced that the Company's board of directors (the "Board") approved 1 for 40 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on January 14, 2026 (the "Effective Date") and the Company's common shares will begin trading on a split-adjusted basis under the existing trading symbol "VMAR." The new CUSIP number for the Company's common shares following the reverse stock split will be 92840Q400.","length":617,"tagName":"p"},{"type":"image","alt":"logo (PRNewsfoto/Vision Marine Technologies)","displaySize":"","headline":null,"caption":"logo (PRNewsfoto/Vision Marine Technologies)","className":"","disableSlideshowImg":false,"size":{"original":{"width":306,"height":104,"url":"https://media.zenfs.com/en/prnewswire.com/890938f5ebfb00ab64031f8585da8d0b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3Z1w9X8oNpOAF0MigwypVQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/890938f5ebfb00ab64031f8585da8d0b","width":306,"height":104}},"href":"https://mma.prnewswire.com/media/2821385/Vision_Marine_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Board of Directors of Vision Marine has approved a reverse stock split, which will reduce the issued and outstanding common shares from approximately 37,008,735 common shares pre-split to approximately 925,218 common shares post-split, subject to adjustment resulting from the rounding of fractional shares to the nearest whole number.","length":339,"tagName":"p"},{"type":"text","content":"The primary goal of the reverse stock split is to increase the per share market price of the Company's common shares in an effort to avoid non-compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). On December 26, 2025, the Board approved the reverse stock split at the ratio of 1-for-40 and on January 2nd, 2026, the Board approved the Effective Date.","length":412,"tagName":"p"},{"type":"text","content":"As a result of the reverse stock split, every forty (40) common shares of the Company issued and outstanding will be automatically consolidated into one common sh...