Vision Marine Technologies to Commence Trading on TSX Venture Exchange

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) will commence trading on the TSX Venture Exchange on May 1, 2026, while retaining its primary listing on Nasdaq.

Rhea-AI Summary

Vision Marine Technologies (NASDAQ: VMAR; TSXV: VMAR) will commence trading on the TSX Venture Exchange on May 1, 2026, while retaining its primary listing on Nasdaq. The dual listing aims to expand access to Canadian investors and support the company’s capital markets and growth strategy.

Vision Marine cites its acquisition of Nautical Ventures and an active ATM program, which has issued 1,055,333 shares for gross proceeds of US$2,060,250.32 (net proceeds US$1,961,759.81), as part of its funding and expansion efforts.

Positive

• TSXV listing effective May 1, 2026
• Expanded access to Canadian investors and institutions
• Acquisition of Nautical Ventures strengthens retail and service network
• ATM issuance: 1,055,333 shares for US$2.06M gross proceeds

Negative

• ATM program remains active and may lead to further share issuance
• ATM activity subject to regulatory requirements and market conditions

Argus Apr 30 session

+17.70% close to close Open Argus

Details

News Market Reaction – VMAR

On Apr 30, the first trading day after this news, VMAR closed 17.70% above the previous close.

Data tracked by StockTitan Argus for the Apr 30 session.

Key Figures

TSXV trading start: May 1, 2026 ATM shares issued: 1,055,333 shares ATM avg price: US$1.95 per share +4 more

TSXV trading start

May 1, 2026

Commencement of trading on TSX Venture Exchange under VMAR

ATM shares issued

1,055,333 shares

Aggregate issuance under at-the-market equity program

ATM avg price

US$1.95 per share

Weighted average price for ATM shares sold

ATM gross proceeds

US$2,060,250.32

Gross proceeds raised under ATM Program to date

ATM net proceeds

US$1,961,759.81

Net proceeds after commissions and transaction costs

ATM costs

US$98,490.51

Placement agent commissions and transaction costs

ATM capacity

US$16,335,000

Aggregate gross proceeds allowed under ATM prospectus supplement

Historical Context

5 past events · Latest: Apr 27

5 events

1. Apr 27

   TSXV approval update

   24h Move

   -5.5%

   Conditional TSXV listing approval and ATM program update for capital access.

2. Apr 15

   Earnings and operations

   24h Move

   -7.0%

   Q2 results with higher revenue, better margins, and narrower net loss.

3. Apr 14

   AI platform rollout

   24h Move

   -9.7%

   Activation of AI-enabled sales platform across Nautical Ventures locations.

4. Apr 07

   Commercial fleet sale

   24h Move

   -1.0%

   Initial Fantail 217 electric boat deployment with a hospitality operator.

5. Mar 30

   Distribution agreement

   24h Move

   +0.5%

   Exclusive Twin Vee distribution rights and new Adventure Edition models.

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

Key Terms

at-the-market equity program, prospectus supplement, form f-3

3 terms

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.

prospectus supplement regulatory

"pursuant to a prospectus supplement to the Company's effective..."

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.

form f-3 regulatory

"effective shelf registration statement on Form F-3 providing for aggregate..."

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.

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Capital Markets Strategy / Investor Access Expansion

BOISBRIAND, QC, April 29, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion and recreational boating solutions, today announced that its common shares will commence trading on the TSX Venture Exchange ("TSXV") under the symbol "[TSXV: VMAR]" on May 1, 2026.

The Company's shares will continue to trade on the Nasdaq Capital Market under the symbol "VMAR," which remains Vision Marine's primary listing.

The TSXV listing is intended to complement Vision Marine's existing Nasdaq presence by expanding access to Canadian investors and institutions, while supporting the Company's broader capital markets and growth strategy.

"We are pleased to begin trading on the TSX Venture Exchange, marking an important step in expanding Vision Marine's capital markets platform," said Alexandre Mongeon, Chief Executive Officer and Co-Founder of Vision Marine. "This listing strengthens our visibility within the Canadian investment community while we continue to execute on our strategy to scale operations and broaden our market reach."

As a Canadian-founded company headquartered in Quebec, Vision Marine believes that its dual listing enhances alignment with both U.S. and Canadian investors, supporting its position as a North American marine technology company.

Vision Marine continues to execute on its integrated business model, combining high-voltage electric propulsion technology with a growing retail and service network following its acquisition of Nautical Ventures Group Inc. ("Nautical Ventures"). The Company believes that broadening its investor base supports this next phase of operational and commercial expansion.

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 1,055,333 common shares under the ATM Program at a weighted average price of US$1.95 per share, for gross proceeds of US$2,060,250.32, and net proceeds of US$1,961,759.81, after deducting placement agent commissions and transaction costs of US$98,490.51. 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 TSXV listing. 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.

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SOURCE Vision Marine Technologies, Inc

FAQ

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

When will Vision Marine (VMAR) begin trading on the TSX Venture Exchange?

Vision Marine (VMAR) will begin trading on the TSXV on May 1, 2026. According to the company, the Nasdaq listing remains primary and shares will continue trading on Nasdaq while TSXV trading commences.

Why did Vision Marine (VMAR) pursue a TSXV listing on May 1, 2026?

The company says the TSXV listing aims to expand access to Canadian investors and institutions. According to the company, the move complements the Nasdaq listing and supports its broader capital markets and growth strategy.

How much has Vision Marine raised under its ATM program to date (VMAR)?

Vision Marine issued 1,055,333 shares under the ATM for gross proceeds of US$2,060,250.32. According to the company, net proceeds after commissions and costs were US$1,961,759.81.

What is the size of Vision Marine's ATM shelf for future issuances (VMAR)?

The ATM program is being conducted under a Form F-3 shelf providing for up to US$16,335,000 in aggregate gross proceeds. According to the company, future ATM sales remain subject to regulatory and market conditions.

How does the acquisition of Nautical Ventures affect Vision Marine (VMAR)?

The acquisition expands Vision Marine’s retail and service network to support commercialization and operations. According to the company, integrating Nautical Ventures complements its high-voltage electric propulsion technology and go-to-market efforts.