Vision Marine (VMAR) starts new buyback and sells Florida site
Rhea-AI Filing Summary
Vision Marine Technologies Inc. reported two capital-allocation and footprint initiatives. The company completed the sale of its 1440 S. Federal Highway property in Fort Lauderdale, Florida, under its Florida real estate and operational optimization plan, after relocating showroom and related activities to other Nautical Ventures locations. Management states that monetizing this non-core property is intended to simplify the real estate portfolio and support a more efficient operating footprint, allowing greater focus on E-Motion™ commercialization, marina operations and long-term growth priorities.
Separately, Vision Marine announced that the TSX Venture Exchange accepted its notice for a normal course issuer bid permitting repurchases for cancellation of up to 326,523 common shares, about 5% of issued and outstanding shares as of August 4, 2026. Purchases may occur between August 7, 2026 and August 6, 2027 through TSXV, Nasdaq and other permitted marketplaces at prevailing prices, conducted via Ventum Financial Corp. under an issuer repurchase plan and potentially Rule 10b-18-compliant plans, with timing and amounts determined by management.
Positive
- TSXV-approved buyback for up to 326,523 shares (5% of outstanding) increases capital allocation flexibility and could reduce share count.
- Completed sale of the 1440 S. Federal Highway property advances the Florida real estate optimization plan and supports a more focused operating footprint.
Negative
- None.
Filing Explained
This Form 6-K is an interim report for a foreign private issuer and states that its contents are incorporated by reference into Vision Marine’s Form F-3 and Form S-8 registration statements, making this disclosure part of those existing registration-statement records.
Key Figures
Key Terms
normal course issuer bid financial
issuer repurchase plan agreement financial
Rule 10b-18 regulatory
automatic purchase component financial
forward-looking statements regulatory
FAQ
What property did Vision Marine Technologies (VMAR) sell under its Florida optimization plan?
What is the time frame of Vision Marine Technologies’ (VMAR) normal course issuer bid?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 August 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 August 4, 2026, Vision Marine Technologies Inc. (the "Company") issued a press release announcing the completion of the sale of the property located at 1440 S. Federal Highway in Fort Lauderdale, Florida, under its previously announced Florida real estate and operational optimization plan. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K.
On August 5, 2026, the Company issued a press release announcing that the TSX Venture Exchange accepted the Company’s notice of intention to make a normal course issuer bid for the repurchase of up to 326,523 common shares, representing approximately 5% of the Company’s issued and outstanding common shares as of August 4, 2026, pursuant to an issuer repurchase plan agreement with Ventum Financial Corp.
The normal course issuer bid described above provides the Company with flexibility to repurchase common shares, taking into account market price, available liquidity, operating requirements, strategic priorities and prevailing market conditions
Copies of the Company’s press releases dated August 4, 2026, and August 5, 2026, are furnished as Exhibits 99.1 and 99.2, respectively, to this Report on Form 6-K
Exhibit Index
No.
| 99.1 | Press Release issued by Vision Marine Technologies Inc. on August 4, 2026, entitled “Vision Marine Technologies Completes Sale of 1440 S. Federal Highway Under Florida Real Estate Optimization Plan” |
| 99.2 | Press Release issued by Vision Marine Technologies Inc. on August 5, 2026, entitled “Vision Marine Technologies Authorizes Share Repurchase Program to Enhance Capital Allocation Flexibility and Long-Term Shareholder Value” |
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: August 17, 2026 | By: | /s/ Raffi Sossoyan |
| Name: | Raffi Sossoyan | |
| Title: | Chief Financial Officer | |
Exhibit 99.1
Vision Marine Technologies Completes Sale of 1440 S. Federal Highway Under Florida Real Estate Optimization Plan
Completed transaction reflects continued execution toward a simplified and more efficient operating footprint.
FORT LAUDERDALE, Florida, and BOISBRIAND, Québec, August 4, 2026 – Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company combining proprietary propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform, today announced the completion of a property disposition under its previously announced Florida real estate and operational optimization plan through the closing of the sale of 1440 S. Federal Highway in Fort Lauderdale, Florida.
The 1440 S. Federal Highway property was one of the remaining real estate assets subject to arrangements entered into in connection with Vision Marine’s June 2025 acquisition of Nautical Ventures Group, Inc. The transaction closed on July 31, 2026, and the sale proceeds were applied in accordance with the closing mechanics.
The 1440 S. Federal Highway property previously supported tender showroom and customer-facing sales activities within the Nautical Ventures platform. As previously disclosed, those activities were transitioned to Nautical Ventures’ Dania Beach location at 50 South Bryan Road, while related operational support, including rigging, service, parts, logistics and delivery, is being concentrated through Nautical Ventures’ Fort Lauderdale Marina.
Through the sale and related operating transition, the Company has monetized a property no longer required under its optimized operating footprint and simplified its real estate portfolio. The streamlined footprint is intended to improve operational efficiency and allow management to focus resources on E-Motion™ commercialization, marina operations, customer experience and the Company’s long-term growth strategy.
“This transaction represents another important milestone in executing our strategic plan,” said Alexandre Mongeon, Chief Executive Officer of Vision Marine. “We continue to simplify our operating footprint, optimize our real estate portfolio and focus capital and management attention on initiatives intended to strengthen our competitive position and support long-term shareholder value creation.”
Vision Marine continues to advance the remaining initiatives under its Florida real estate and operational optimization plan with a disciplined focus on execution. The Company will provide further updates as required by applicable securities laws.
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™ 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 news release contains forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s Florida real estate and operational optimization plan; the advancement of the remaining initiatives under that plan; anticipated benefits associated with the Company’s operating transitions; anticipated E-Motion™ commercialization activities; the Company’s intended focus on strategic priorities; and anticipated benefits related to operational efficiency, competitive positioning and shareholder value creation.
Forward-looking statements are based on management’s current expectations, estimates and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, higher-than-anticipated transition or transaction costs; the inability to complete remaining optimization initiatives on anticipated terms or timing; customer demand; customer adoption of E-Motion™ technology; market and economic conditions; financing and liquidity considerations; and other risks described in the Company’s public filings with the U.S. Securities and Exchange Commission and on SEDAR+.
Readers should not place undue reliance on forward-looking statements. Vision Marine undertakes no obligation to update or revise forward-looking statements except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Investor and Company Contacts
Alexandre Mongeon
Chief Executive Officer
Vision Marine Technologies Inc.
(450) 951-7009
am@v-mti.com
Raffi Sossoyan
Chief Financial Officer
Vision Marine Technologies Inc.
(450) 951-7009
rs@v-mti.com
Bruce Nurse
Investor Relations
Vision Marine Technologies Inc.
(303) 919-2913
bn@v-mti.com
Exhibit 99.2
Vision Marine Technologies Authorizes Share Repurchase Program to Enhance Capital Allocation Flexibility and Long-Term Shareholder Value
TSXV-accepted normal course issuer bid reinforces the Company’s disciplined capital allocation strategy while maintaining flexibility to invest in future growth.
BOISBRIAND, Québec / August 5, 2026 / Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company, today announced that the TSX Venture Exchange (the “TSXV”) has accepted a notice (the “Notice”) filed by the Company of its intention to make a normal course issuer bid (the “NCIB”) for purchases of its common shares (the “Common Shares”). In connection with the NCIB, the Company has entered into an issuer repurchase plan agreement with Ventum Financial Corp. (“Ventum”) to facilitate the NCIB.
The program provides Vision Marine with the flexibility to repurchase Common Shares when the Company believes such repurchases represent an attractive investment opportunity and an appropriate use of available capital. The decision to make repurchases will take into account the market price of the Common Shares, available liquidity, operating requirements, strategic priorities and prevailing market conditions.
Under the NCIB, Vision Marine may repurchase for cancellation up to 326,523 Common Shares, representing approximately 5% of the Company’s issued and outstanding Common Shares as of August 4, 2026.
Purchases under the NCIB may commence on August 7, 2026, and will terminate on the earliest of August 6, 2027, the date on which the Company completes its purchases under the NCIB, or the date on which the Company provides notice of termination.
Purchases may be made from time to time through the facilities of the TSXV, Nasdaq and other permitted marketplaces, as applicable, at prevailing market prices. All purchases will be conducted through Ventum in accordance with applicable Canadian and U.S. securities laws, exchange requirements and the terms of the NCIB. Purchases made in the United States are intended to be conducted in a manner consistent with the conditions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, where applicable. The Company has entered into an issuer repurchase plan agreement with Ventum that includes an optional automatic purchase component. If and when the Company chooses to implement the automatic purchase component, NCIB at times when the Company would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed blackout periods. The automatic purchase component applicable to the TSXV is governed by an addendum to the issuer repurchase plan agreement, which the Company may execute at its discretion. Any automatic purchases on Nasdaq would be governed by a separate Rule 10b-18 plan.
All purchases made in Canada and the United States will count toward the aggregate limit established under the program. Common Shares acquired by the Company are expected to be cancelled, reducing the number of Common Shares outstanding.
During the 12 months preceding the date of this announcement, the Company did not purchase any Common Shares.
“The authorization of this share repurchase program reflects our disciplined approach to capital allocation and our commitment to creating long-term shareholder value,” said Alexandre Mongeon, Chief Executive Officer and Co-Founder of Vision Marine. “Following the significant strengthening of our balance sheet and the continued execution of our strategic initiatives, this program provides us with additional financial flexibility. We will continue to prioritize investments that support our long-term growth while maintaining the ability to repurchase shares when we believe they represent an attractive investment opportunity.”
The authorization of the program does not require Vision Marine to purchase any particular number or value of Common Shares. The timing and amount of any purchases will be determined by management based on market conditions, the trading price of the Common Shares, available liquidity, applicable regulatory limitations, corporate developments and other factors considered relevant by the Company.
Vision Marine may modify, suspend or terminate the program at any time in accordance with its terms and applicable legal and exchange requirements.
The Company remains focused on disciplined execution, strengthening shareholder value and pursuing strategic opportunities that support sustainable long-term growth.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is an integrated marine technology company operating across marine propulsion, premium boat retail, marina operations, distribution, service and customer support throughout North America. Through its proprietary E-Motion™ electric propulsion platform and its Nautical Ventures dealership network, Vision Marine is uniquely positioned to serve both electric and traditional recreational boating markets while expanding its integrated marine ecosystem.
For more information, visit visionmarinetechnologies.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable U.S. and Canadian securities laws, including statements concerning the implementation and operation of the share repurchase program and NCIB, potential purchases of Common Shares, the timing and amount of any purchases, the possible implementation of an automatic share purchase plan, the cancellation of repurchased shares, the Company’s capital-allocation strategy, investments intended to support long-term growth, the pursuit of strategic opportunities and the Company’s objectives regarding sustainable growth and long-term shareholder value.
The actual timing, number and value of Common Shares repurchased, if any, will depend on numerous factors, including market conditions, the trading price of the Common Shares, available liquidity, operating and capital requirements, applicable regulatory restrictions, the Company’s possession of material non-public information and other corporate developments. The program does not obligate the Company to acquire any particular number or value of Common Shares.
Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Additional information concerning these risks is available in the Company’s filings on EDGAR and SEDAR+. Readers should not place undue reliance on forward-looking statements. Vision Marine undertakes no obligation to update any forward-looking statement except as required by 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.
Vision Marine continues to advance the remaining initiatives under its Florida real estate and operational optimization plan with a disciplined focus on execution. The Company will provide further updates as required by applicable securities laws.
Investor and Company Contacts
Bruce Nurse
Investor Relations
(309) 919-2913
bn@v-mti.com
Alexandre Mongeon
Chief Executive Officer
(450) 951-7009
am@v-mti.com
Raffi Sossoyan
Chief Financial Officer
(450) 951-7009
rs@v-mti.com