Electric Boat Maker VMAR Expands Footprint with Major Florida Marine Dealer Acquisition

Rhea-AI Filing Summary

Vision Marine Technologies has announced a significant strategic acquisition through a Form 6-K filing dated June 28, 2025. The company has entered into an Equity Purchase Agreement to acquire Nautical Ventures Group (Florida corporation) and Marine Ventures LLC (Florida LLC) as of June 20, 2025.

Key points from the filing:

• The acquisition will be executed through a special purpose entity created specifically for this transaction
• The deal involves purchasing all issued and outstanding capital stock of Nautical Ventures Group and all membership interests of Marine Ventures LLC
• The filing includes standard forward-looking statements and risk disclaimers, referencing the company's previous Form 20-F filed December 20, 2024

The document was signed by Raffi Sossoyan, Chief Financial Officer. While the acquisition represents a notable strategic move, specific financial terms and transaction details were not disclosed in this filing.

Positive

• Vision Marine Technologies announced acquisition of Nautical Ventures Group Inc. and Marine Ventures LLC, indicating strategic expansion in the marine industry

Negative

• None.

 

 

 

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 June 2025

 

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) ¨

 

 

 

 

 

 

On June 23, 2025, Vision Marine Technologies, Inc. (the “Company”), through an entity created solely for purposes of the transaction, announced the entry into an Equity Purchase Agreement to acquire all of the issued and outstanding capital stock of Nautical Ventures Group Inc., a Florida corporation, and all of the issued and outstanding membership interests of Marine Ventures LLC, a Florida limited liability company, dated June 20, 2025. A copy of the press release is attached as Exhibit 99.1 to this Form 6-K.

 

Forward-Looking Statements

 

The information herein and the press release attached as Exhibit 99.1 hereto and the statements contained therein may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on December 20, 2024 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.

 

Exhibit Index

 

Exhibit No.	 	Exhibit
99.1	 	Press Release, dated as of June 23, 2025

 

 

 

 

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: June 23, 2025	By:	/s/ Raffi Sossoyan
 	Name:	Raffi Sossoyan
 	Title:	Chief Financial Officer

 

 

 

FAQ

What company did VMAR acquire in June 2025?

VMAR announced the entry into an Equity Purchase Agreement to acquire all of the issued and outstanding capital stock of Nautical Ventures Group Inc., a Florida corporation, and all of the issued and outstanding membership interests of Marine Ventures LLC, a Florida limited liability company, on June 20, 2025.

When did VMAR announce the Nautical Ventures acquisition?

Vision Marine Technologies (VMAR) announced the acquisition on June 23, 2025, through an entity created specifically for the transaction purpose.

Who signed VMAR's Form 6-K for the Nautical Ventures acquisition?

The Form 6-K was signed by Raffi Sossoyan, Chief Financial Officer of Vision Marine Technologies Inc., on June 23, 2025.

When did VMAR file its last Annual Report before the acquisition?

According to the filing, VMAR filed its Annual Report on Form 20-F with the Securities and Exchange Commission (SEC) on December 20, 2024.

What type of annual reports does VMAR file with the SEC?

VMAR files annual reports under Form 20-F, as indicated by the checkbox marked in the filing, which is typical for foreign private issuers listed on U.S. exchanges.