Vision Marine Technologies Announces Court Approval of Previously Announced Settlement with Certain Shareholders
Rhea-AI Summary
Vision Marine Technologies (NASDAQ:VMAR) has received formal approval from the New York State County Supreme Court, Commercial Division, for its previously announced settlement. The court's approval, granted on August 13, 2025, resolves an outstanding legal claim involving certain shareholders that was initially announced on May 16, 2025.
Positive
- Legal uncertainty resolved with court approval of shareholder settlement
Negative
- None.
News Market Reaction
On the day this news was published, VMAR declined 31.69%, reflecting a significant negative market reaction. Argus tracked a peak move of +60.4% during that session. Argus tracked a trough of -46.7% from its starting point during tracking. Our momentum scanner triggered 46 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $4M at that time. Trading volume was exceptionally heavy at 403.4x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
New York State County Supreme Court, Commercial Division, approves previously announced settlement
MONTREAL, QC / ACCESS Newswire / August 14, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company") today announced that, on August 13, 2025, the New York State County Supreme Court, Commercial Division, formally approved the Company's settlement of an outstanding legal claim related to certain of its shareholders, which was previously announced on May 16, 2025.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is a pioneer innovative marine company that offers premium boating experiences across both electric and internal combustion engine (ICE) segments. The Company designs, manufactures, and sells high-performance electric powertrain systems and boats, and operates a multi-brand boat retail and service platform through its Nautical Ventures division. With a vertically integrated model that spans technology, retail, and service, Vision Marine delivers scalable, market-ready solutions that enhance the on-water experience for consumers and commercial operators.
For more information, please visit www.visionmarinetechnologies.com.
Investor and Company Contact:
Bruce Nurse
Investor Relations
(303) 919‑2913
bn@v‑mti.com
SOURCE: Vision Marine Technologies Inc
View the original press release on ACCESS Newswire
FAQ
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