Vision Marine Technologies Enters Agreement to Sell 1400 S. Federal and Advances Florida Real Estate Optimization Supporting Approximately US$13.1 Million in Gross Proceeds, US$5.6 Million in Estimated Net Equity and US$3.5 Million in Annualized Cost Reductions

About this update from Vision Marine Technologies Inc.

STRATEGIC REAL ESTATE MONETIZATION / OPERATIONAL OPTIMIZATIONStrategic real-estate monetization follows the completed consolidation of key office, retail, marina, service, rigging and delivery functions into Vision Marine's integrated Dania Beach and Fort Lauderdale waterfront operating platform.FORT LAUDERDALE, Fla. and BOISBRIAND, QC, July 9, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a marine technology and recreational boating company combining proprietary propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform, today announced that it has entered into an agreement to sell the property located at 1400 S. Federal Highway in Fort Lauderdale, Florida. The Company also provided an aggregate update on its pending real-estate optimization transactions involving the 1440 S. Federal property in Fort Lauderdale and the Palm City property.The three pending transactions form part of a coordinated Florida real estate and operating optimization initiative undertaken following the Nautical Ventures acquisition.Key TakeawaysVision Marine entered into an agreement to sell 1400 S. Federal, formerly a principal office, showroom and operating location within the Nautical Ventures platform.The pending sales of 1400 S. Federal, 1440 S. Federal and Palm City are supported by signed transaction agreements and are expected to generate approximately US$13.1 million in aggregate gross sale proceeds and approximately US$5.58 million in estimated net equity, subject to closing.Management estimates that the broader Florida operating optimization initiative could reduce annualized site-related operating expenses by approximately US$3.46 million, before transition-related costs.Dania Beach and Fort Lauderdale Marina now operate as a more integrated waterfront platform for tenders, selected fiberglass boats, retail sales, marina operations, service, rigging, parts, logistics, delivery and E-Motion™ customer engagement.Over the past year, Vision Marine has consolidated key Florida activities into its waterfront platform. Tender preparation, rigging, logistics and delivery were centralized at Nautical Ventures' Fort Lauderdale Marina in May 2026, while tender display and sales activities previously supported at 1440 S. Federal were transitioned in J...

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