Vision Marine Technologies Announces Reverse Stock Split
Rhea-AI Summary
Vision Marine Technologies (NASDAQ: VMAR) approved a 1-for-10 reverse stock split of its common shares. The split is expected to be effective at market open on June 17, 2026, with shares trading on a split-adjusted basis under the existing symbol VMAR and new CUSIP 92840Q509.
The reverse split will reduce issued and outstanding shares from 7,270,497 to approximately 727,050, subject to rounding. The stated goal is to increase the per-share market price to help avoid non-compliance with Nasdaq’s $1.00 minimum bid price requirement. No fractional shares will be issued; any fractional interests will be rounded up to one whole share.
AI-generated analysis. Not financial advice.
Positive
- Reverse split aims to support Nasdaq $1.00 minimum bid compliance
- Outstanding shares reduced from 7,270,497 to approximately 727,050
- Fractional shares rounded up to the nearest whole share for holders
- No decrease in authorized share capital; par value unchanged
Negative
- 1-for-10 reverse stock split may signal prior share price weakness
- Share consolidation can reduce liquidity due to lower share count
News Market Reaction – VMAR
On the day this news was published, VMAR declined 16.25%, reflecting a significant negative market reaction. Argus tracked a peak move of +14.8% during that session. Argus tracked a trough of -30.5% from its starting point during tracking. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $101K from the company's valuation, bringing the market cap to $518,303 at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Peers on Argus
VMAR is down 7.14% while close peers show mixed moves: VEEE -10.43%, EZGO -2.82%, MAMO -2.98%, but KNDI and MCFT are positive. Momentum scanner only flags NVVE up 12.08%, indicating this reverse split news is stock-specific rather than a coordinated sector move.
Previous Stock split Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 12 | Reverse stock split | Negative | -24.0% | Announced 1-for-40 reverse split to address Nasdaq $1.00 bid rule. |
| Mar 27 | Reverse stock split | Negative | -8.2% | Announced 10-for-1 reverse split to maintain Nasdaq minimum bid price. |
| Aug 20 | Reverse split & warrants | Negative | -21.4% | 15-for-1 reverse split plus warrant exchange tied to bid-price noncompliance. |
Reverse split announcements have consistently been followed by negative next‑day moves, with an average change of -17.91% across prior stock-split events.
Over the past two years, Vision Marine has repeatedly used reverse stock splits to address Nasdaq’s $1.00 minimum bid rule, including 15-for-1 in Aug 2024, 10-for-1 in Mar 2025, and 1-for-40 in Jan 2026. Each time, issued and outstanding shares were sharply reduced without changing authorized share limits or par value. Those announcements were followed by single‑day declines ranging from about -8% to -24%, framing today’s new 1-for-10 reverse split as a continuation of this pattern.
Historical Comparison
In the past, Vision Marine’s reverse split announcements led to average next‑day moves of -17.91%, framing this new 1-for-10 split as part of a recurring Nasdaq bid‑price compliance strategy rather than a one‑off action.
Since 2024, Vision Marine has implemented multiple reverse splits (15-for-1, 10-for-1, 1-for-40) aimed at supporting Nasdaq minimum bid compliance; the latest 1-for-10 action continues this reliance on share consolidations.
Market Pulse Summary
The stock dropped -16.3% in the session following this news. A negative reaction despite the mechanical nature of a reverse split would fit the company’s history. Prior stock‑split announcements averaged -17.91% next‑day moves, and the shares were already deeply below the $22.33 200‑day MA and close to a $0.3005 52‑week low. In such contexts, pressure can reflect concerns that repeated reverse splits address listing compliance but do not, by themselves, resolve underlying business or financing challenges.
Key Terms
reverse stock split financial
cusip financial
bid price financial
AI-generated analysis. Not financial advice.
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
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 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 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. Given that the Company's shares are all book-based, the transfer agent has been instructed that there is no need to send out transfer letters.
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. 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Investor and Company Contact:
Bruce Nurse
Investor Relations
(309) 919-2913
bn@v-mti.com
Alexandre Mongeon
Chief Executive Officer
(450) 951-7009
am@v-mti.com
Raffi Sossoyan
Chief Financial Officer
(450) 951-7009
rs@v-mti.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-announces-reverse-stock-split-302800521.html
SOURCE Vision Marine Technologies, Inc