Palm City Welcomes New Nautical Ventures Retail Store, Supporting Over 1,100 Tenders Sold Across the Network

Vision Marine Technologies (NASDAQ: VMAR) opened a customer-facing Nautical Ventures retail store in Palm City, Florida, expanding a facility that has supported centralized rigging, integration, and delivery for tenders sold across the network.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) opened a customer-facing Nautical Ventures retail store in Palm City, Florida, expanding a facility that has supported centralized rigging, integration, and delivery for tenders sold across the network.

Since 2021, Nautical Ventures has sold more than 1,100 yacht tenders across Florida locations; Palm City will continue logistics work while adding direct retail and service capability and may support future E-Motion™ electric propulsion evaluations, subject to market conditions.

Positive

• 1,100+ tenders sold across the Nautical Ventures network since 2021
• Palm City upgraded to a customer-facing retail and service location
• Centralized rigging & integration capability retained for network deliveries
• Supports E-Motion™ evaluation as a potential electric propulsion platform

Negative

• Geographic concentration: sales and operations emphasize Florida locations
• Commercial timing uncertain: E-Motion™ integration is subject to market conditions

Argus Feb 9 session

-4.33% close to close Open Argus

Details

News Market Reaction – VMAR

On Feb 9, the day this news came out, VMAR closed 4.33% below the previous close.

Data tracked by StockTitan Argus for the Feb 9 session.

Key Figures

Yacht tenders sold: more than 1,100

Yacht tenders sold

more than 1,100

Across the Nautical Ventures network since 2021

Historical Context

5 past events · Latest: Feb 06

5 events

1. Feb 06

   AI platform launch

   24h Move

   +0.3%

   Announcement of Project Pelagos AI customer intelligence platform for Nautical Ventures.

2. Feb 02

   Product launch

   24h Move

   -7.9%

   Launch of Specter flagship electric tritoon powered by E-Motion propulsion.

3. Jan 13

   Earnings update

   24h Move

   -9.0%

   First positive operating cash flow with strong revenue but continued net loss.

4. Jan 12

   Reverse stock split

   24h Move

   -24.0%

   1-for-40 reverse split to address Nasdaq minimum bid compliance.

5. Dec 19

   Equity offering

   24h Move

   +4.4%

   Dilutive best-efforts public offering of units with warrants for working capital.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

yacht tender, inflatable boat, electric propulsion system

3 terms

yacht tender technical

"marking a milestone of more than 1,100 yacht tenders sold across the Nautical Ventures network"

A yacht tender is a small support boat used to carry people, supplies and equipment between a larger yacht and shore, other boats, or nearby anchorages; it can also serve as a safety or recreational craft. Investors pay attention because tenders represent extra capital and operating costs and create revenue and service opportunities across manufacturers, marinas, insurers and luxury-service providers—similar to how a trailer or accessory adds value and ongoing expense to a primary vehicle.

inflatable boat technical

"By formalizing Palm City as a customer-facing yacht tender and inflatable boat dealership"

An inflatable boat is a lightweight watercraft with air-filled tubes or chambers that provide buoyancy, allowing it to be folded or packed down for easy transport and storage — think of a sturdy, portable rubber raft with a rigid or soft floor. Investors care because sales, safety records, durability, and manufacturing costs for these boats affect revenue, profit margins, warranty liabilities, and regulatory compliance for companies that make or sell them, similar to how demand for a compact consumer gadget influences a manufacturer’s business.

electric propulsion system technical

"platform for its E-Motion™ high-voltage electric propulsion system, leveraging Nautical Ventures"

An electric propulsion system is a way to move vehicles or craft using electric power instead of burning fuel, combining electric motors, power controls and the parts that push along air or water. Like swapping a gasoline engine for an electric motor in a car, it can cut fuel costs, noise and maintenance while improving efficiency and range. Investors care because adoption can change operating costs, regulatory exposure and market demand, affecting profitability and growth prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PALM CITY, Fla., Feb. 9, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company"), a marine technology and retail platform company, today announced the opening of a new Nautical Ventures retail store in Palm City, Florida, marking a milestone of more than 1,100 yacht tenders sold across the Nautical Ventures network since 2021, supported through centralized rigging, integration, and delivery operations at the Palm City facility.

The Palm City location has historically operated as a high-volume tender rigging, preparation, and logistics center serving Nautical Ventures' Florida-wide retail operations. The volume of tenders sold across the network and supported through this facility reflects sustained customer demand and operational scale that Vision Marine is now extending into a dedicated, customer-facing retail and service platform.

The yacht tender and inflatable boat segment represents a significant and established portion of the global marine industry. According to independent industry research published by Mordor Intelligence, the global inflatable boat market operates at a multi-billion-dollar scale and is supported by long-term demand drivers including superyacht activity, marina-based operations, charter fleets, and the increasing use of tenders as primary leisure vessels.¹ Within this market environment, Vision Marine continues to advance a disciplined tender strategy focused on asset optimization and scalable execution.

"The tender market has evolved significantly over time," said Diego N. Conti, General Sales Manager at Nautical Ventures. "What was once a purely functional accessory has become a central part of how owners, charter operators, and marinas experience boating. Demand has grown not only in volume, but in expectations around performance, integration, and service. Palm City reflects that evolution — it allows us to scale what we already do well and support where this segment is clearly heading."

Since 2021, Nautical Ventures has sold more than 1,100 yacht tenders across its Florida locations, supported by the Palm City team's specialized expertise in tender configuration, mechanical and electrical integration, quality control, and platform-specific customization across a wide range of tender brands and vessel profiles. This integration know-how represents a core operational capability supporting multiple Nautical Ventures locations.

By formalizing Palm City as a customer-facing yacht tender and inflatable boat dealership, Vision Marine is scaling an existing operational asset into a broader commercial and service platform. The location will continue to support centralized rigging, integration, and delivery for tenders sold throughout the Nautical Ventures network while expanding its direct retail presence, improving customer access along Florida's Atlantic coast and supporting demand generated well beyond a single county or local market.

The expanded role of Palm City also strengthens Vision Marine's vertically integrated strategy by connecting retail activity, service execution, and technology enablement. As previously disclosed, the Company views the yacht tender segment as a potential long-term platform for its E-Motion™ high-voltage electric propulsion system, leveraging Nautical Ventures established tender integration expertise to support future evaluation and integration on applicable platforms, subject to market conditions and vessel profiles. ²

This initiative builds on Vision Marine's previously announced strategy to expand its presence in the global tender market through Nautical Ventures, reinforcing the segment as a scalable, network-wide opportunity supported by experienced personnel, centralized integration capabilities, and disciplined capital deployment. ²

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a marine technology and retail platform company focused on enhancing the on-water experience through innovation, integration, and scalable market access. Through its proprietary E-Motion™ high-voltage electric propulsion technology and its wholly owned Nautical Ventures retail network, Vision Marine operates a vertically integrated platform spanning propulsion systems, boat distribution, service, customization, and customer engagement across Florida and select global markets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding market opportunities, strategic initiatives, technology evaluation, operational expansion, and future integration plans. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Vision Marine undertakes no obligation to update or revise forward-looking statements except as required by law.

Sources & References

¹ Mordor Intelligence, "Inflatable Boat Market – Growth, Trends, and Forecasts"
https://www.mordorintelligence.com/industry-reports/inflatable-boat-market

² Vision Marine Technologies Inc., "Accelerate Global Leadership in Tender Market," July 28, 2025
https://investors.visionmarinetechnologies.com/2025/07/28/accelerate-global-leadership-in-tender-market/

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SOURCE Vision Marine Technologies, Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vision Marine (VMAR) announce about the new Palm City Nautical Ventures store on February 9, 2026?

Vision Marine opened a customer-facing Nautical Ventures retail and service store in Palm City, Florida. According to the company, the site will continue centralized rigging, integration, and delivery while expanding direct retail access along Florida's Atlantic coast.

How many yacht tenders has Nautical Ventures sold across its network since 2021, per Vision Marine (VMAR)?

Nautical Ventures has sold more than 1,100 yacht tenders across its Florida locations since 2021. According to the company, those sales were supported by Palm City's rigging, integration, and delivery operations.

How will the Palm City location affect Nautical Ventures' operations and customer service for VMAR?

Palm City formalization adds direct retail and service while keeping centralized logistics in place. According to the company, this improves customer access and scales operational expertise for the broader Nautical Ventures network.

Will Vision Marine (VMAR) use the Palm City site to support its E-Motion™ electric propulsion plans?

The company may evaluate E-Motion™ integration on applicable tender platforms at Palm City. According to the company, any such integration remains subject to market conditions and vessel profile suitability.

Does the Palm City expansion change Nautical Ventures' geographic focus for VMAR?

The Palm City store strengthens Nautical Ventures' presence along Florida's Atlantic coast but continues to support network-wide deliveries. According to the company, the location serves Florida-wide retail operations while expanding direct customer service.