Vision Marine Technologies Renews and Expands Floor Plan Credit Facility to Support Inventory Deployment Across Nautical Ventures Platform

Vision Marine (NASDAQ: VMAR) renewed and expanded a floorplan loan with Centennial Bank providing up to US$4.0 million in revolving inventory financing for Nautical Ventures, aimed at deploying inventory across its Florida retail platform.

Rhea-AI Summary

Vision Marine (NASDAQ: VMAR) renewed and expanded a floorplan loan with Centennial Bank providing up to US$4.0 million in revolving inventory financing for Nautical Ventures, aimed at deploying inventory across its Florida retail platform.

The company has issued 1,576,294 common shares under its ATM program for gross proceeds of US$2,610,862.48 (net US$2,495,853.61) and maintains an ATM shelf for up to US$16,335,000.

Positive

• Revolving floorplan facility of US$4.0 million
• Gross ATM proceeds of US$2.61 million (1,576,294 shares)
• Facility enables financing of new, pre-sold, and eligible inventory

Negative

• Facility is subject to customary financial covenants that may limit flexibility

Argus May 6 session

-18.25% close to close Open Argus

Details

News Market Reaction – VMAR

On May 6, the day this news came out, VMAR closed 18.25% below the previous close.

Data tracked by StockTitan Argus for the May 6 session.

Key Figures

Floorplan facility size: US$4.0 million ATM shares issued: 1,576,294 shares ATM gross proceeds: US$2,610,862.48 +2 more

Floorplan facility size

US$4.0 million

Renewed and expanded revolving inventory financing capacity with Centennial Bank

ATM shares issued

1,576,294 shares

Total common shares issued under ATM Program to date

ATM gross proceeds

US$2,610,862.48

Aggregate gross proceeds raised via ATM Program

ATM net proceeds

US$2,495,853.61

Net after US$115,008.87 of commissions and transaction costs

ATM program capacity

US$16,335,000

Maximum aggregate gross proceeds under current ATM prospectus supplement

Historical Context

5 past events · Latest: Apr 29

5 events

1. Apr 29

   Dual listing start

   24h Move

   +17.7%

   Commencement of trading on TSX Venture Exchange alongside primary Nasdaq listing.

2. Apr 27

   Listing approval

   24h Move

   -5.5%

   Conditional TSX Venture listing approval and update on active ATM equity program.

3. Apr 15

   Q2 results & NVG

   24h Move

   -7.0%

   Q2 results with higher revenue, margin gains, reduced losses and floor plan cuts.

4. Apr 14

   AI retail rollout

   24h Move

   -9.7%

   Activation of AI-enabled customer engagement and sales platform across NVG locations.

5. Apr 07

   Fleet deployment

   24h Move

   -1.0%

   Initial commercial fleet sale of four electric boats into Michigan hospitality channel.

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

Key Terms

floorplan loan and security agreement, revolving inventory financing, collateral structure, vertically integrated model, +4 more

8 terms

floorplan loan and security agreement financial

"it has entered into a renewed and expanded Floorplan Loan and Security Agreement"

A floorplan loan and security agreement is a financing arrangement dealers use to buy inventory—commonly vehicles, appliances or retail goods—where a lender provides a revolving line of credit and takes the inventory itself as collateral. Think of it as a running tab that’s backed by the items on the showroom floor; if the dealer can’t pay, the lender can seize the stock. Investors watch these agreements because they affect a company’s liquidity, borrowing costs, and the risk that inventory might be repossessed, all of which influence profitability and balance-sheet strength.

revolving inventory financing financial

"providing up to US$4.0 million in revolving inventory financing capacity"

A revolving inventory financing arrangement is a credit line that lets a company borrow against the value of goods it holds for sale, repaying and re-borrowing as inventory turns over—much like a business credit card secured by items on the shelf. It matters to investors because it supports working capital and sales growth without selling equity, but also introduces interest costs, collateral risk and possible loan covenants that can affect cash flow and financial stability.

collateral structure financial

"includes a customary collateral structure secured by inventory and related assets"

The collateral structure is the way assets are pledged and organized to back a loan or security, including which assets are used, how they are ranked for repayment, and any legal claims on them. For investors, it shows what would be available to recover value if the borrower defaults—like knowing who is first in line at a buffet—which directly affects the investment’s safety, potential losses, and pricing.

vertically integrated model technical

"enhance its ability to operate within a vertically integrated model"

A vertically integrated model is a business structure in which a company controls multiple steps of its supply chain—such as raw materials, manufacturing, distribution and sales—rather than relying on outside suppliers or partners. For investors this matters because integration can lower costs, improve quality control and speed up delivery like a bakery that grows its own wheat and runs its own shops, but it also ties up capital and concentrates operational risk.

at-the-market equity program financial

"The Company has an at-the-market equity program (the "ATM Program") in place"

An at-the-market equity program lets a company sell newly issued shares directly into the open market at the current trading price through a broker, rather than in a single, prearranged block. It provides flexible, on-demand access to cash—like drawing small amounts from a credit line—but increases the number of shares outstanding, which can reduce existing shareholders’ ownership percentage and put downward pressure on the stock price, so investors monitor program size and pacing.

form f-3 regulatory

"pursuant to its effective shelf registration statement on Form F-3"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

prospectus supplement regulatory

"pursuant to a prospectus supplement to the Company's effective shelf registration"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

financial covenants financial

"The facility is subject to customary terms and conditions, including standard financial covenants."

Financial covenants are rules written into loan or bond agreements that require a company to keep certain financial measures within agreed limits—examples include minimum cash, maximum debt levels, or minimum profit margins. They act like guardrails for lenders: breaking a covenant can force renegotiation, trigger penalties or default, and quickly affect a company’s available cash and stock value, so investors watch them as early warning signs of financial stress.

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

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Retail Execution / Financing Infrastructure

FORT LAUDERDALE, Fla., May 6, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a company specializing in high-voltage marine propulsion and recreational boating solutions, today announced that, through its wholly owned subsidiary, Nautical Ventures Group Inc. ("Nautical Ventures"), it has entered into a renewed and expanded Floorplan Loan and Security Agreement providing up to US$4.0 million in revolving inventory financing capacity with Centennial Bank, through its Shore Premier Finance division.

The facility provides a structured inventory financing framework designed to support the Company's ongoing Commercial Execution Plan, enabling the positioning of inventory in alignment with demand across its Florida-based retail operations. The revolving structure allows for financing of new, pre-sold and other eligible inventory while maintaining a disciplined approach to liquidity and capital allocation.

The agreement builds on an existing lending relationship and includes a customary collateral structure secured by inventory and related assets.

This development follows recent operational initiatives across the Nautical Ventures platform, during which the Company focused on reducing financing exposure and streamlining inventory with the objective of improving capital efficiency. These actions were undertaken to align operations with market conditions and to support more disciplined execution.

With these measures in place, Vision Marine is entering the next phase of its execution strategy, focused on deploying inventory in alignment with demand signals to support improved sales conversion, turnover, and operating efficiency across its platform.

"Shore Premier Finance is pleased to support this credit facility," said Scott Walter, Senior Vice President of Shore Premier Finance. "Our team values this partnership with Vision Marine and Nautical Ventures and looks forward to supporting their continued growth."

"This facility supports the next phase of our execution," said Alexandre Mongeon, Chief Executive Officer of Vision Marine. "Following a period of operational alignment and balance sheet optimization, we are now focused on deploying inventory with greater precision across our network. Our objective is to improve turnover, support product availability in key categories, and align inventory with demand as we continue to execute on our platform strategy."

The Company believes this financing structure is expected to enhance its ability to operate within a vertically integrated model, connecting product sourcing, retail distribution, and customer delivery within a unified framework.

The facility is subject to customary terms and conditions, including standard financial covenants.

At-the-Market Equity Program
The Company has an at-the-market equity program (the "ATM Program") in place pursuant to its effective shelf registration statement on Form F-3. As of the date hereof, the Company has issued an aggregate of 1,576,294 common shares under the ATM Program at a weighted average price of US$1.66 per share, for gross proceeds of US$2,610,862.48, and net proceeds of US$2,495,853.61, after deducting placement agent commissions and transaction costs of US$115,008.87. The ATM Program remains subject to applicable regulatory requirements and market conditions. The ATM Program is being conducted pursuant to a prospectus supplement to the Company's effective shelf registration statement on Form F-3 providing for aggregate gross proceeds of up to US$16,335,000. The Company will continue to disclose ATM activity in accordance with TSX Venture Exchange Policy 4.2 and applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology company and retail group delivering premium boating experiences across internal combustion and electric segments. Through its proprietary E-Motion™ high-voltage propulsion platform and its Nautical Ventures retail network, Vision Marine delivers integrated solutions spanning propulsion, retail, service, and on-water consumer engagement.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Canadian securities laws and 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. Forward-looking statements in this press release include, without limitation, statements regarding the Company's expectations concerning the anticipated benefits of the floor plan financing facility and its execution strategy. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. 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, including, but not limited to: the Company's ability to continue as a going concern; the Company's ability to replace lost revenue streams; the presence of a material weakness in internal controls over financial reporting; the Company's dependence on floor plan financing and compliance with financing covenants; the Company's ability to achieve and maintain profitability; general economic conditions affecting the recreational boating industry; supply chain disruptions; and tariff and trade policy uncertainties. 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 and on SEDAR+ provide a detailed discussion of these risks and uncertainties. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at www.sec.gov and www.sedarplus.ca. Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs, and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vision-marine-technologies-renews-and-expands-floor-plan-credit-facility-to-support-inventory-deployment-across-nautical-ventures-platform-302763567.html

SOURCE Vision Marine Technologies, Inc

FAQ

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

What is the size and purpose of Vision Marine's new floorplan facility (VMAR) announced May 6, 2026?

The facility provides up to US$4.0 million in revolving inventory financing to support retail inventory deployment. According to the company, it funds new, pre-sold and eligible inventory to align stock with demand across its Florida operations.

How much did Vision Marine raise under its ATM program before May 6, 2026 (VMAR)?

The company issued 1,576,294 shares for gross proceeds of US$2,610,862.48. According to the company, net proceeds after fees were US$2,495,853.61.

Does the new Centennial Bank credit facility for VMAR impose restrictions on Vision Marine?

Yes. The facility is subject to customary terms and standard financial covenants. According to the company, these covenants are standard but may impose reporting or financial tests on Nautical Ventures.

How does the US$4.0 million floorplan facility affect Vision Marine's inventory strategy (VMAR)?

The facility is intended to enable inventory positioning aligned with demand signals to improve turnover and sales conversion. According to the company, it supports a vertically integrated sourcing-to-delivery model across Nautical Ventures.

What remaining ATM capacity does Vision Marine have after the May 6, 2026 issuance (VMAR)?

The ATM shelf provides for aggregate gross proceeds of up to US$16,335,000. According to the company, the program remains subject to regulatory requirements and market conditions for further issuances.