Vision Marine (NASDAQ: VMAR) to trade on TSXV and details ATM program
Rhea-AI Filing Summary
Vision Marine Technologies Inc. is adding a dual listing for its common shares on the TSX Venture Exchange, with trading scheduled to begin on May 1, 2026 under the symbol TSXV: VMAR. The shares will continue to trade on the Nasdaq Capital Market under the symbol VMAR, which remains the company’s primary listing.
The company also updated investors on its at-the-market equity program under its shelf registration. It has issued 1,055,333 common shares at a weighted average price of US$1.95 for gross proceeds of US$2,060,250.32 and net proceeds of US$1,961,759.81, after US$98,490.51 of commissions and costs, out of an aggregate gross capacity of up to US$16,335,000.
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Insights
Vision Marine adds a TSXV listing and modest ATM usage update, a strategic but routine capital markets move.
Vision Marine plans TSX Venture Exchange trading from May 1, 2026 while keeping Nasdaq as its primary listing. This dual listing targets broader access to Canadian investors and institutions, aligning with the company’s Canadian roots and North American marine technology positioning.
The at-the-market equity program update shows US$2,060,250.32 of gross sales at a weighted average US$1.95 per share, yielding US$1,961,759.81 net after commissions of US$98,490.51. This represents a relatively small portion of the total US$16,335,000 shelf capacity, suggesting incremental financing rather than a large capital raise.
The filing also reiterates ongoing risk factors such as going concern issues, internal control weaknesses, and dependence on financing facilities as previously discussed in the Form 20-F and other filings. Future disclosures in periodic reports and TSXV policy-driven updates on ATM activity will provide additional clarity on how actively the equity program is utilized.
Key Figures
Key Terms
TSX Venture Exchange market
Nasdaq Capital Market market
at-the-market equity program financial
shelf registration statement regulatory
prospectus supplement regulatory
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2026
Commission File No. 001-39730
VISION MARINE TECHNOLOGIES INC.
(Translation of registrant’s name into English)
730 Boulevard du Curé-Boivin
Boisbriand, Québec, J7G 2A7, Canada
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨
General
The information contained in this Report on Form 6-K (this “Form 6-K”) is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-284423), Registration Statement on Form F-3 (File No. 333-291917) and Registration Statement on Form S-8 (File No. 333--264089).
On April 29, 2026, Vision Marine Technologies Inc. (the “Company”) announced that its common shares will commence trading on the TSX Venture Exchange on May 1, 2026. A copy of the press release entitled, “Vision Marine Technologies to Commence Trading on TSX Venture Exchange” is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K and incorporated by reference herein.
Exhibit Index
No.
| 99.1 | Press Release issued by Vision Marine Technologies Inc. on April 29, 2026, entitled “Vision Marine Technologies to Commence Trading on TSX Venture Exchange” |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VISION MARINE TECHNOLOGIES INC. | ||
| Date: April 29, 2026 | By: | /s/ Raffi Sossoyan |
| Name: | Raffi Sossoyan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
Vision Marine Technologies to Commence Trading on TSX Venture Exchange
Capital Markets Strategy / Investor Access Expansion
Boisbriand, QC / April 29, 2026 / 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.
Investor and Company Contact
| Bruce Nurse | Alexandre Mongeon | Raffi Sossoyan | ||
| Investor Relations | Chief Executive Officer | Chief Financial Officer | ||
| (303) 919-2913 | (450) 951-7009 | (450) 951-7009 | ||
| bn@v-mti.com | am@v-mti.com | rs@v-mti.com |