Vision Marine Technologies Announces Reverse Stock Split

Vision Marine Technologies (NASDAQ: VMAR) announced a 1-for-40 reverse stock split of its common shares, effective at market open on January 14, 2026.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) announced a 1-for-40 reverse stock split of its common shares, effective at market open on January 14, 2026. The reverse split reduces issued and outstanding shares from approximately 37,008,735 pre-split to approximately 925,218 post-split and will not change the number of authorized shares or par value. The new post-split CUSIP will be 92840Q400. The primary stated purpose is to increase the per-share market price to address potential non-compliance with Nasdaq's $1.00 minimum bid requirement under Listing Rule 5550(a)(2). Equity awards and plan share amounts will be proportionally adjusted; no fractional shares will be issued and shareholders holding through brokers will have positions automatically adjusted.

Positive

• Reverse split set at 1-for-40, effective Jan 14, 2026
• Issued shares reduced to approximately 925,218 post-split
• New CUSIP established as 92840Q400
• Equity awards and plan shares to receive proportionate adjustments

Negative

• Action taken to address potential non-compliance with Nasdaq $1.00 minimum bid rule
• Reverse split reduces share count dramatically, which may affect liquidity

Argus Jan 12 session

-24.03% close to close Open Argus

Details

News Market Reaction – VMAR

On Jan 12, the day this news came out, VMAR closed 24.03% below the previous close.

Data tracked by StockTitan Argus for the Jan 12 session.

Key Figures

Reverse split ratio: 1-for-40 Pre-split shares: 37,008,735 shares Post-split shares: 925,218 shares +3 more

Reverse split ratio

1-for-40

Board-approved reverse stock split of common shares

Pre-split shares

37,008,735 shares

Approximate issued and outstanding common shares pre-split

Post-split shares

925,218 shares

Approximate issued and outstanding common shares post-split

Nasdaq minimum bid

$1.00 per share

Minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2)

Effective date

January 14, 2026

Reverse split effective when market opens on this date

Split consolidation

40-to-1

Every 40 common shares consolidated into one common share

Historical Context

5 past events · Latest: Dec 19

5 events

1. Dec 19

   Public offering close

   24h Move

   +4.4%

   Closing of best-efforts public offering with 32M units at $0.30.

2. Dec 17

   Offering pricing

   24h Move

   -48.8%

   Pricing of 32M-unit public offering at $0.30 per unit.

3. Dec 09

   Strategic marina lease

   24h Move

   -20.4%

   Securing flagship marina lease with expansion plans in Florida.

4. Nov 28

   FY results & expansion

   24h Move

   +0.0%

   Reporting FY 2025 results and Nautical Ventures acquisition impact.

5. Nov 18

   Sales lift update

   24h Move

   +1.6%

   Reporting 40% YoY sales lift for Nautical Ventures around FLIBS 2025.

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, par value, fractional shares

4 terms

reverse stock split financial

"approved 1 for 40 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 financial

"The new CUSIP number for the Company's common shares following the reverse stock split will be 92840Q400."

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

par value financial

"will not decrease the number of authorized common shares ... or otherwise affect the par value of the common shares."

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

fractional shares financial

"No fractional shares of our common shares will be issued in connection with the reverse stock split."

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

View in glossary

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MONTREAL, Jan. 12, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR), today announced that the Company's board of directors (the "Board") approved 1 for 40 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on January 14, 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 92840Q400.

The Board of Directors of Vision Marine has approved a reverse stock split, which will reduce the issued and outstanding common shares from approximately 37,008,735 common shares pre-split to approximately 925,218 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 December 26, 2025, the Board approved the reverse stock split at the ratio of 1-for-40 and on January 2nd, 2026, the Board approved the Effective Date.

As a result of the reverse stock split, every forty (40) 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 shares of our common shares will be issued in connection with the reverse stock split. Shareholders will be issued one whole common share in exchange for any fractional interest that such shareholder would have otherwise received as a result of the reverse stock split.

Odyssey Transfer and 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 Technologies (NASDAQ: VMAR) is a marine technology and retail group delivering premium boating experiences across internal combustion and electric segments. Through its E-Motion™ high-voltage propulsion platform and its Nautical Ventures retail network, Vision Marine offers an integrated ecosystem spanning propulsion, retail, service, and on-water consumer engagement.

Forward Looking Statements
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements include predictions, expectations, estimates, and other information that might be considered future events or trends, not relating to historical matters. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Vision Marine's Annual Report on Form 20-F, as amended, for the year ended August 31, 2025, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. There can be no assurance that Vision Marine will be able to complete the offering on the anticipated terms, or at all. Vision Marine does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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SOURCE Vision Marine Technologies, Inc

FAQ

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

What is the reverse stock split ratio for Vision Marine Technologies (VMAR)?

The Board approved a 1-for-40 reverse split of common shares.

When will the VMAR reverse stock split become effective?

The reverse split is expected to be effective when the market opens on January 14, 2026.

How many Vision Marine shares will be outstanding after the VMAR reverse split?

Issued and outstanding common shares will be reduced from ~37,008,735 to ~925,218 post-split.

Why did Vision Marine (VMAR) approve the reverse stock split?

The primary goal is to raise the per-share market price to avoid potential non-compliance with Nasdaq Listing Rule 5550(a)(2) requiring a $1.00 minimum bid.

Will VMAR issue fractional shares after the reverse split?

No fractional shares will be issued; shareholders will receive one whole share in lieu of any fractional interest.

Do VMAR shareholders need to take action for the reverse split if held through a broker?

No action is required; positions held electronically or through brokers will be automatically adjusted by the transfer agent.