Welcome to our dedicated page for Vision Marine Technologies SEC filings (Ticker: VMAR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for Vision Marine Technologies Inc. (NASDAQ: VMAR), an electric marine propulsion company active in the recreational boating market. Through these filings, investors can review how Vision Marine reports on its high-voltage E-Motion™ powertrain platform, its electric boat and rental operations, and its multi-brand retail and service network built around the Nautical Ventures acquisition.
Vision Marine files annual reports on Form 20-F and multiple current reports on Form 6-K as a foreign private issuer. These documents discuss topics such as operating segments (including sale of electric boats and rental of electric boats), revenue categories like sales of boats, parts and maintenance, powertrain sales, and boat rental and club membership revenue, as well as geographic information indicating that a substantial portion of revenue is generated from the United States.
Recent Form 6-K filings describe material definitive agreements and capital markets activity, including equity offerings of common shares and pre-funded warrants under Form F-1 registration statements, the use of proceeds for working capital, inventory management, servicing floorplan lines of credit, general and administrative expenses, and prosecuting patent applications related to the E-Motion™ electric powertrain technology. Other 6-Ks detail the Equity Purchase Agreement to acquire Nautical Ventures Group Inc. and related convertible note arrangements, along with executive compensation agreements and restricted share unit plans that link management incentives to market capitalization milestones.
On Stock Titan, Vision Marine’s SEC filings are updated in near real time as new documents are posted to EDGAR. Each filing, whether a 20-F annual report, 6-K current report, or registration statement, can be reviewed alongside AI-powered summaries that highlight key points such as segment performance, financing structures, material contracts, and equity incentive plans. Users can also track disclosures related to convertible instruments, floorplan financing, marina and real estate arrangements, and other items that influence Vision Marine’s capital structure and operating profile.
For investors analyzing VMAR, this filings page offers a structured view of the company’s regulatory history, including its transition into a multi-brand retail and service platform through Nautical Ventures and its ongoing focus on high-voltage electric marine propulsion technology.
Vision Marine Technologies Inc. renewed its executive employment agreement with chief financial officer Raffi Sossoyan, effective March 1, 2026. The new agreement runs for two years, ending March 1, 2028, and replaces his prior March 1, 2024 contract.
Under the agreement, Mr. Sossoyan will receive an annual base salary of CA$295,000, plus an annual incentive bonus of up to 25% of base salary based on performance objectives set by the board or its compensation committee. He will continue to participate in the company’s equity compensation plans. The contract includes severance protections if he is terminated without cause or resigns for good reason, along with customary confidentiality, non‑competition, and non‑solicitation covenants. The agreement is filed as Exhibit 10.1 and the information is incorporated by reference into existing Form F‑3 and Form S‑8 registration statements.
Lincoln Alternative Strategies LLC filed an amended Schedule 13G reporting beneficial ownership of 43,028 shares of Vision Marine Technologies Inc. common stock, representing 4.32% of the class. The percentage is based on 996,038 shares outstanding as of January 23, 2026, as reported by the company.
Lincoln Alternative Strategies has sole voting and dispositive power over all 43,028 shares and no shared power. The filer certifies the shares were not acquired and are not held for the purpose of changing or influencing control of Vision Marine Technologies.
Vision Marine Technologies Inc. has scheduled its annual general and special meeting of shareholders for February 26, 2026, at 10:00 a.m. local time. The meeting will be held in person at 1 Place Ville Marie, 39th Floor, Montreal, Quebec, with an option to attend online via live audio webcast.
The company began mailing a proxy card, management information circular, and notice of meeting to shareholders of record as of January 5, 2026. These materials, dated January 23, 2026, are also filed as exhibits and incorporated by reference into existing Form F-3 and Form S-8 registration statements.
Vision Marine Technologies Inc. entered into an at-the-market sales agreement with ThinkEquity LLC, allowing it to issue and sell up to
Shares will be sold through ThinkEquity on the Nasdaq Capital Market or other trading markets as ordinary open-market transactions, and the company is not required to sell any specific amount. ThinkEquity will receive a commission equal to
A Canadian legal opinion from Dentons Canada LLP confirms that the shares have been duly authorized and, when issued in accordance with the sales agreement and upon receipt of consideration, will be validly issued, fully paid and non-assessable.
Vision Marine Technologies Inc. is registering up to
At an assumed price of
The filing highlights that Nautical Ventures, a Florida boat dealer acquired in 2025, now drives most revenue, while legacy electric propulsion operations remain small. It also notes a disputed termination notice from key supplier Axopar, prior covenant issues and a temporary funding freeze on one floor plan facility, and emphasizes extensive past equity raises and reverse splits that have already heavily diluted shareholders.
Vision Marine Technologies Inc. reported a sharp turnaround in scale for the three months ended November 30, 2025, driven by its newly acquired U.S. boat retail operations. Revenue rose to $15,692,844, mostly from boat sales, compared with $102,210 a year earlier, and gross profit reached $4,198,339 versus a prior gross loss.
The company still posted a net loss of $4,312,549, widening its accumulated deficit to $75,894,107. Management discloses a “material uncertainty that raises substantial doubt” about its ability to continue as a going concern, citing recurring losses, negative operating cash flows and the need for additional financing.
As of November 30, 2025, cash was $2,299,575, total assets were $59,664,933, and total liabilities were $55,410,413, leaving modest equity of $4,254,520. Floor plan financing for boat inventory totaled $22,275,390, and lease liabilities were $10,132,484. Subsequent to quarter-end, the company completed a public offering raising $9.6 million before an estimated $1.2 million in costs, issued large blocks of common shares and warrants, and effected a planned 40‑for‑1 reverse split of its Voting Common Shares.
Vision Marine Technologies Inc. is registering up to 15,094,340 common units and up to 15,094,340 pre-funded units, plus the common shares and warrants underlying those units, in a primary best-efforts offering. Each common unit includes one common share and one half of one common warrant, with an assumed price of $0.53 per unit and each whole warrant exercisable at $0.6625 for five years. Each pre-funded unit includes a pre-funded warrant and one half of one common warrant, with a de minimis remaining exercise price of C$0.001 per share and a 4.99% (optionally 9.99%) ownership cap.
The company estimates net proceeds of about $7.0 million if all units are sold, to be used mainly for working capital, inventory management, servicing floorplan credit lines, general expenses, and patent prosecution, with potential use for future acquisitions. Shares outstanding would rise from 5,008,735 to 20,103,075 after the offering, excluding shares underlying the common warrants. Vision Marine has shifted to a two-segment model after acquiring Nautical Ventures, which generated 92.8% of fiscal 2025 revenue, while its legacy electric operations focus on E-Motion™ powertrains and electric boats.
Vision Marine Technologies Inc. has renewed CEO Alexandre Mongeon’s employment for five years through September 24, 2030, under a new executive agreement. The contract provides an annual base salary of US$600,000, a one-time bonus of 285,000 common shares for completing the Nautical Ventures acquisition and relocating to Florida, and potential cash bonuses up to US$750,000 plus up to 500,000 common shares tied to market capitalization milestones of US$15 million, US$25 million, and US$35 million maintained for 10 trading days. He is also eligible for a discretionary annual bonus of 50% of base salary, up to 100%, and receives six weeks’ vacation, a US$20,000 relocation payment, and monthly housing and car allowances of US$12,000 and US$2,000. Severance equals 12 months of base salary if terminated without cause or for good reason, increasing to two times base salary upon a change in control. Separately, Mongeon was granted 500,000 RSUs that vest in tranches of 150,000, 150,000, and 200,000 units upon reaching the same market cap milestones. The RSUs are issued under a new RSU Plan that caps issuances at 10% of outstanding common shares and limits any participant to 70% of available shares in a 12‑month period unless disinterested shareholders approve a higher allocation at the next annual meeting.