Vision Marine Technologies Announces Reverse Stock Split

MONTREAL , June 15, 2026 /PRNewswire/ — Vision Marine Technologies Inc. (NASDAQ: VMAR , TSXV: VMAR ) (“Vision Marine” or the “Company”), today announced that the Company’s board of directors (the “Board”) approved 1 for 10 reverse stock split of the Company’s common shares. The reverse stock split is expected to become effective when the market opens on June 17, 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 92840Q509. The Board of Directors of Vision Marine has approved a reverse stock split, which will reduce the issued and outstanding common shares from 7,270,497 common shares pre-split to approximately 727,050 common shares post-split, subject to adjustment resulting from the rounding of fractional shares to the nearest whole number. 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 June 4, 2026, the … Full story available on Benzinga.com