Vision Marine Technologies Announces Corporate Governance Update

About this update from Vision Marine Technologies Inc.

BOISBRIAND, QC, July 30, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company") announces that meeting materials have been filed in connection with the Company's special meeting of shareholders scheduled for August 20, 2026. At the meeting, shareholders will be asked to approve a proposed share consolidation within a range of 5:1 to 10:1, if determined advisable by the Board of Directors (the "Proposed Consolidation").The Proposed Consolidation is intended to preserve strategic flexibility with respect to continued listing requirements, including compliance with the minimum bid price requirement under the Nasdaq Stock Market ("Nasdaq") listing rules. The Proposed Consolidation remains subject to shareholder approval and the approval of the TSX Venture Exchange.Complete meeting materials are available through the Company's public filings. Please consult the meeting materials for additional details regarding the Proposed Consolidation.About Vision Marine Technologies Inc.Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology and recreational boating company focused on delivering an enhanced on-water experience across propulsion types.The Company develops proprietary high-voltage electric propulsion technology through its E-Motion™ platform and supports its commercialization through a retail, marina, service and delivery platform. Vision Marine's integrated operating model combines technology development, consumer access, service infrastructure and multi-brand boating operations.Forward-Looking StatementsCertain statements contained in this news release constitute "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include, but are not limited to, statements regarding the Proposed Consolidation; the receipt of shareholder and TSX Venture Exchange approvals; the Board of Directors' determination whether to implement the Proposed Consolidation and, if implemented, the applicable consolidation ratio and timing; the intended purpose and potential effects of the Proposed Consolidation; and the Company's ability to achieve or maintain compliance with applicable Nasdaq and TSX Venture Exchange continued listing requirements.Forward-looking statements are based on management's current expectations, estimates, ...

View stock analysis, news, and events for Vision Marine Technologies Inc.