Vision Marine Technologies Announces Reverse Stock Split

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) announced that its board approved a 1-for-10 reverse stock split of its common shares, effective at market open on August 26, 2026.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) announced that its board approved a 1-for-10 reverse stock split of its common shares, effective at market open on August 26, 2026. The shares will continue trading under the symbol VMAR with new CUSIP 92840Q608.

The reverse split will reduce issued and outstanding common shares from approximately 6,530,460 to about 653,046, subject to rounding up of fractional shares. According to Vision Marine, the main goal is to raise the per-share price to help regain compliance with Nasdaq’s $1.00 minimum bid requirement, although compliance is not assured.

Positive

• 1-for-10 reverse split approved to support Nasdaq $1.00 bid-price compliance effort
• Outstanding shares reduced from ~6.53 million to ~653,046 post-split

Negative

• Nasdaq $1.00 bid-price compliance still uncertain; no assurance reverse split will succeed

News Explained

The split changes issued-share count, not the limitless authorized count, while applicable equity awards receive proportional adjustments.

The approved 1-for-10 consolidation is scheduled to take effect at market open on August 26, 2026; it reduces issued shares while leaving authorized common shares limitless, and applicable equity awards receive proportional adjustments to share counts and exercise prices.

A reverse stock split consolidates shares and proportionally raises the per-share price; the split itself does not change company value.

No fractional common shares will be issued: any resulting fraction will be rounded up to the next whole share.

Argus Aug 24 session 42 alerts

+5.54% close to close 268.5x rel. volume Open Argus

Details

Market move: VMAR +5.54% in the Aug 24 session. 1-for-10 reverse stock split

+33.1% Peak Tracked

-7.6% Trough Tracked

$5.45M Market Cap

On Aug 24, the day this news came out, VMAR closed 5.54% above the previous close. Argus tracked a peak move of +33.1% during that session. Argus tracked a trough of -7.6% from its starting point during tracking. Our momentum scanner recorded 42 alerts for this stock that day. Relative volume reached 268.5x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 24 session.

Key Figures

Reverse split ratio: 1-for-10 Effective date: August 26, 2026 Pre-split shares: Approximately 6,530,460 common shares +3 more

Reverse split ratio

1-for-10

Common shares

Effective date

August 26, 2026

Expected at market open

Pre-split shares

Approximately 6,530,460 common shares

Issued and outstanding before the split

Post-split shares

Approximately 653,046 common shares

Subject to rounding of fractional shares

Minimum bid requirement

$1.00

Nasdaq Listing Rule 5550(a)(2)

New CUSIP

92840Q608

Common shares following the reverse split

Previous Stock split Reports

3 past events · Latest: Jun 15

Same Type 3 events

1. Jun 15

   Reverse stock split

   24h Move

   -16.3%

   1-for-10 split announced to address Nasdaq's $1.00 minimum bid compliance

2. Jan 12

   Reverse stock split

   24h Move

   -24.0%

   1-for-40 split announced to address potential Nasdaq $1.00 minimum bid non-compliance

3. Mar 27

   Reverse stock split

   24h Move

   -8.2%

   10-for-1 reverse split announced to maintain Nasdaq $1.00 minimum bid compliance

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

Key Terms

reverse stock split, cusip, book-entry form

3 terms

reverse stock split financial

"approved a 1-for-10 reverse stock split of the Company's common shares"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

cusip technical

"The new CUSIP number for the Company's common shares"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

book-entry form technical

"holding their common shares electronically in book-entry form"

A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MONTREAL , Aug. 24, 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 a 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 August 26, 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 92840Q608.

The Board has approved a 1-for-10 reverse stock split, which will reduce the number of issued and outstanding common shares from approximately 6,530,460 common shares pre-split to approximately 653,046 common shares post-split, subject to adjustment resulting from the rounding up of fractional shares to the next whole common share.

The primary purpose of the reverse stock split is to increase the per-share market price of the Company's common shares in an effort to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). There can be no assurance that the reverse stock split will result in the Company regaining or maintaining compliance with this requirement. On August 20, 2026, the Board approved both the Effective Date of the reverse stock split as well as the ratio of the reverse stock split of 1-for-10.

As a result of the reverse stock split, every ten (10) common shares of the Company issued and outstanding will be automatically consolidated into one common share. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards, as applicable, as well as to the number of shares issuable under the Company's equity incentive plans. The common shares issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not decrease the number of authorized common shares (which shall remain limitless) or otherwise affect the par value of the common shares.

No fractional common shares will be issued in connection with the reverse stock split. Any fractional common share that would otherwise result from the reverse stock split will be rounded up to the next whole common share.

Odyssey Trust Company, the Company's transfer agent, is acting as the exchange agent for the reverse stock split. Shareholders holding their common shares electronically in book-entry form and shareholders who hold their shares through a bank, broker, or other nominee will not need to take any action. Shareholders owning common shares through a bank, broker, or other nominee will have their positions adjusted to reflect the reverse stock split.

About Vision Marine Technologies, Inc.
Vision Marine is a marine technology and recreational boating company focused on delivering a better on-water experience across propulsion types. The Company develops proprietary high-voltage electric propulsion technology through its E-Motion™ platform and supports commercialization through its Nautical Ventures retail, marina, service and delivery platform across Florida. Vision Marine's integrated operating model combines technology, consumer access, service infrastructure and multi-brand boating operations.

Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Forward-looking statements are statements other than statements of historical fact and may be identified by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "potential," "should," "will," "would," and similar expressions.

Forward-looking statements in this press release include, without limitation, statements regarding the expected timing and effectiveness of the reverse stock split, the commencement of trading of the Company's common shares on a split-adjusted basis, the expected number of common shares outstanding following the reverse stock split, the anticipated effect of the reverse stock split on the market price of the Company's common shares, and the Company's ability to regain and maintain compliance with the minimum bid price requirement and other continued listing requirements of The Nasdaq Stock Market LLC.

These forward-looking statements are based on management's current expectations, estimates, assumptions and beliefs and are subject to known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, that could cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, the risk that the reverse stock split may not result in a sustained increase in the market price of the Company's common shares; that the Company may not regain or maintain compliance with Nasdaq's minimum bid price requirement or other applicable continued listing requirements; that the reverse stock split could adversely affect the liquidity, trading volume or market price of the Company's common shares; that the implementation or timing of the reverse stock split may differ from the Company's current expectations; and other risks and uncertainties described under the heading "Risk Factors" and elsewhere in the Company's Annual Report on Form 20-F, as amended, for the year ended August 31, 2025, and in the Company's subsequent filings with the U.S. Securities and Exchange Commission.

There can be no assurance that the reverse stock split will result in the Company regaining or maintaining compliance with Nasdaq's continued listing requirements or that the Company's common shares will maintain a market price above $1.00 per share following the reverse stock split. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-announces-reverse-stock-split-302858441.html

SOURCE Vision Marine Technologies, Inc

FAQ

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

What is Vision Marine (NASDAQ: VMAR) announcing in its August 24, 2026 reverse stock split news?

Vision Marine is implementing a 1-for-10 reverse stock split of its common shares. According to Vision Marine, this corporate action will consolidate every ten existing shares into one share, mainly to support efforts to regain Nasdaq’s $1.00 minimum bid listing compliance.

When does the Vision Marine (VMAR) 1-for-10 reverse stock split become effective?

The Vision Marine reverse stock split is expected to become effective at market open on August 26, 2026. According to Vision Marine, shares will begin trading on a split-adjusted basis that day on Nasdaq and TSX Venture, under the existing ticker symbol VMAR.

How will the Vision Marine (VMAR) reverse stock split change the number of outstanding shares?

The 1-for-10 reverse stock split will reduce outstanding common shares from about 6,530,460 to roughly 653,046. According to Vision Marine, every ten existing shares automatically consolidate into one share, with any fractional share amounts rounded up to the next whole share.

Why is Vision Marine (VMAR) doing a 1-for-10 reverse stock split?

Vision Marine aims to increase its per-share market price to help regain compliance with Nasdaq’s $1.00 minimum bid requirement. According to Vision Marine, the reverse split targets continued listing on The Nasdaq Capital Market, but it does not guarantee future compliance or success.

Will Vision Marine (VMAR) shareholders receive fractional shares after the reverse stock split?

No, fractional shares will not be issued in the Vision Marine reverse stock split. According to Vision Marine, any fractional share that would otherwise result will be rounded up to the next whole common share, so each affected holder receives at least one full share.

Do Vision Marine (VMAR) shareholders need to take action for the August 2026 reverse stock split?

Most shareholders will not need to take any action. According to Vision Marine, those holding shares electronically or through a bank, broker, or nominee will see positions automatically adjusted by Odyssey Trust Company, the exchange agent handling the reverse stock split.

What happens to Vision Marine (VMAR) options and equity awards after the reverse stock split?

Vision Marine will make proportionate adjustments to option exercise prices and underlying share counts. According to Vision Marine, the number of shares available under its equity incentive plans will also be adjusted so awards reflect the 1-for-10 reverse stock split ratio.