Vision Marine Technologies Announces Settlement of Outstanding Legal Claim
Rhea-AI Summary
Vision Marine Technologies (NASDAQ: VMAR) has announced the successful settlement of an outstanding legal claim involving certain shareholders. The resolution has resulted in a clean capitalization structure for the company. Following the settlement, Vision Marine reports maintaining a strong cash position, which will support its ongoing operations, strategic initiatives, and potential expansion plans in the electric marine propulsion systems sector.
Positive
- Resolution of legal dispute leading to clean capitalization structure
- Maintained strong cash position post-settlement
- Company can now focus on strategic objectives and growth
Negative
- Settlement terms and financial impact not disclosed
News Market Reaction
On the day this news was published, VMAR declined 0.83%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONTREAL, QC / ACCESS Newswire / May 16, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders.
This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts.
Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector."
About Vision Marine Technologies, Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide.
Forward-Looking Statements
Certain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law.
Investor & Company Contact
Vision Marine Technologies
Bruce Nurse - Investor Relations
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc
View the original press release on ACCESS Newswire
FAQ
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