Vision Marine Technologies Consolidates Public Market Listing on Nasdaq

Vision Marine Technologies (NASDAQ: VMAR) will voluntarily delist its common shares from the TSX Venture Exchange at the close of markets on August 26, 2026.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR) will voluntarily delist its common shares from the TSX Venture Exchange at the close of markets on August 26, 2026. The Board-approved decision reflects the company’s evolution into a predominantly U.S.-focused business, with substantially all sales and revenue generated in the United States.

Following the delisting, Vision Marine shares will continue to trade solely on the Nasdaq Capital Market under the symbol VMAR. The company cites reduced regulatory and administrative costs and the ability to concentrate corporate and financial resources on Nasdaq listing and U.S. operations. Existing shareholders do not need to take any action.

Positive

• Elimination of TSXV listing-related costs and duplicate regulatory obligations
• Ability to focus corporate and financial resources on Nasdaq and U.S. operations
• Board approval confirms continued listing on the Nasdaq Capital Market under symbol VMAR
• No shareholder action required; existing common shares remain valid post-delisting

Negative

• TSXV listing to terminate at market close on August 26, 2026, removing that Canadian trading venue

News Explained

The TSXV delisting does not end Vision Marine’s Canadian reporting-issuer status: the company says it will remain a reporting issuer in every Canadian province and territory, and shareholder approval was not required.

Argus Aug 25 session 9 alerts

-1.04% close to close 5.4x rel. volume Open Argus

Details

News Market Reaction – VMAR

+19.5% Peak in 12 hr 14 min

$4.96M Market Cap

On Aug 25, the day this news came out, VMAR closed 1.04% below the previous close. Argus tracked a peak move of +19.5% during that session. Our momentum scanner recorded 9 alerts for this stock that day. Relative volume reached 5.4x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 25 session.

Key Figures

TSXV delisting effective date: August 26, 2026

TSXV delisting effective date

August 26, 2026

Voluntary delisting from the TSX Venture Exchange

Historical Context

5 past events · Latest: Aug 24

5 events

1. Aug 24

   Reverse stock split

   24h Move

   +5.5%

   1-for-10 split targeted Nasdaq's $1.00 minimum bid compliance.

2. Aug 24

   Business combination LOI

   24h Move

   +5.5%

   Non-binding reverse takeover required financing and purchase-order conditions before closing.

3. Aug 19

   Technology partnership

   24h Move

   -5.0%

   Avikus partnership began evaluating NEUBOAT integration with electric propulsion.

4. Aug 18

   Dealership agreement

   24h Move

   -1.5%

   Nautical Ventures added Tahoe Pontoons across Florida Gulf Coast counties.

5. Aug 17

   Patent issuance

   24h Move

   +7.4%

   U.S. patent covered authentication of electric-vessel powertrain components.

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

Key Terms

voluntary delisting, dual listing, reporting issuer

3 terms

voluntary delisting regulatory

"approved the voluntary delisting of the Company's common shares from the TSXV"

Voluntary delisting is when a company chooses to remove its shares from a public stock exchange so they no longer trade on that market. For investors this matters because it can make shares harder to buy or sell, reduce public disclosure and price transparency, and often signals a shift in strategy such as going private or moving to a smaller trading venue—similar to a store closing its high‑street shop but continuing to sell by appointment.

dual listing financial

"strategic benefits of a dual listing"

A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

View in glossary

reporting issuer regulatory

"will continue to be a reporting issuer under applicable securities laws"

A reporting issuer is a company or investment fund legally required to provide regular, public financial and corporate updates to securities regulators and investors. For investors it matters because those routine filings act like a business’s recurring health reports—offering consistent, official information to assess performance, risks and value so people can make informed buy, sell or compare decisions.

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

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Strategic decision concentrates resources on Nasdaq and aligns the Company's public-market structure with its predominantly U.S.-based business.

MONTREAL, Aug. 25, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company") today announced that its Board of Directors has approved the voluntary delisting of the Company's common shares from the TSX Venture Exchange ("TSXV"), effective at the close of markets on August 26, 2026.

The decision reflects Vision Marine's transformation into a predominantly U.S.-focused operating company. Based on the Company's current operating profile, substantially all of the Company's sales and revenue are generated in the United States.

Given this operating profile and the Company's commitment to maintaining its Nasdaq listing, the Board determined that consolidating its public-market presence on Nasdaq is the most appropriate path forward. Maintaining a secondary Canadian exchange listing creates additional costs, regulatory requirements and administrative obligations that the Company believes are no longer justified by the strategic benefits of a dual listing. 

The consolidation allows Vision Marine to concentrate its corporate and financial resources on its Nasdaq listing, U.S. regulatory obligations and U.S. operations, while eliminating duplicative exchange-related expenses.

"Vision Marine's business is overwhelmingly U.S.-focused, and Nasdaq is central to our capital-markets strategy," said Alexandre Mongeon, Chief Executive Officer. "Consolidating our listing allows us to focus our resources on our U.S. operations, Nasdaq requirements and long-term growth."

Following the TSXV delisting, Vision Marine's common shares will continue to trade on the Nasdaq Capital Market under the symbol "VMAR."

Canadian and other shareholders will continue to hold their existing common shares. No action is required by shareholders in connection with the voluntary delisting. Shareholders should consult their brokers regarding trading on Nasdaq and any account-specific requirements. 

The voluntary delisting was approved by the Company's Board of Directors. In accordance with applicable TSXV policies, shareholder approval is not required as the Company's common shares trade on the Nasdaq Capital Market.

The Company will continue to be a reporting issuer under applicable securities laws in all provinces and territories of Canada.

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^TM 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 may contain "forward-looking information" and "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws (collectively, "forward-looking statements"). 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 Company's voluntary delisting from the TSXV, its intention to maintain its Nasdaq listing and continue as a reporting issuer in Canada, its business and operations, its U.S. growth strategy, and its expectations regarding the allocation of resources following the delisting.

These forward-looking statements are based on the Company'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 are described under "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.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable law. 

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the TSXV policies) 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-consolidates-public-market-listing-on-nasdaq-302859528.html

SOURCE Vision Marine Technologies, Inc

FAQ

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

What is Vision Marine Technologies (VMAR) changing about its stock exchange listings in August 2026?

Vision Marine Technologies is voluntarily delisting from the TSX Venture Exchange on August 26, 2026, while maintaining its Nasdaq listing. According to Vision Marine, this consolidates its public-market presence on Nasdaq to better match its predominantly U.S.-based sales and operations.

Will Vision Marine Technologies (NASDAQ: VMAR) continue to trade after the TSXV delisting?

Yes, Vision Marine will continue trading on the Nasdaq Capital Market under the symbol VMAR. According to Vision Marine, only the TSXV listing is being removed; Nasdaq remains its primary market, aligned with its U.S.-focused business and capital-markets strategy.

Do Vision Marine Technologies (VMAR) shareholders need to take any action for the TSXV delisting?

Shareholders do not need to take any action regarding the voluntary TSXV delisting. According to Vision Marine, Canadian and other investors will continue to hold their existing common shares and should consult brokers about trading on Nasdaq and any account-specific requirements.

Why is Vision Marine Technologies (VMAR) consolidating its listing on Nasdaq instead of keeping a dual listing?

Vision Marine cites extra costs, regulatory requirements, and administrative obligations from maintaining a TSXV listing. According to Vision Marine, these burdens are no longer justified, given that substantially all sales and revenue now come from the U.S. and Nasdaq is central to its strategy.

Will Vision Marine Technologies (VMAR) remain a reporting issuer in Canada after leaving the TSXV?

Yes, Vision Marine will remain a reporting issuer across all Canadian provinces and territories. According to Vision Marine, only the exchange listing on the TSXV is ending; its Canadian securities law reporting obligations will continue after the August 26, 2026 delisting.

Did Vision Marine Technologies (VMAR) require shareholder approval for the TSXV delisting?

No, shareholder approval was not required for the TSXV delisting. According to Vision Marine, its Board of Directors approved the voluntary delisting, and TSXV policies do not require a shareholder vote because the company’s common shares trade on the Nasdaq Capital Market.