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. 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.
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.
Lincoln Alternative Strategies LLC disclosed beneficial ownership of 750,000 shares of Vision Marine Technologies Inc. (CUSIP 92840Q301), representing 16.10% of the company's 4,657,137 outstanding common shares as of August 15, 2025. The filing states the shares are owned with sole voting and dispositive power by the reporting person. The statement is submitted on Schedule 13G and includes a certification that the shares were not acquired to change or influence control of the issuer.
Vision Marine Technologies Inc. (VMAR) received an initial Form 3 from Lincoln Alternative Strategies LLC reporting beneficial ownership of common stock. The filing shows Lincoln Alternative Strategies LLC directly owns 750,000 shares of common stock. The reporting person is identified with an address in Miami Beach, FL, and checked relationship roles that include Director and 10% owner. The event requiring the statement is dated 08/15/2025, and the form was signed by Stephen Temes on 08/27/2025. No derivative securities are reported on Table II.
3i, LP, 3i Management LLC and Maier Joshua Tarlow filed a Schedule 13G reporting beneficial ownership tied to Vision Marine Technologies Inc. (CUSIP 92840Q301). The filing discloses that the Reporting Persons hold warrants exercisable for 40,000 common shares, representing 1.1% of the class based on 3,232,137 Common Shares outstanding after the offering. The statement explains that 3i previously held approximately 8.5% following the offering and exercised an aggregate of 475,000 pre-funded warrants, but all issuer securities deemed beneficially owned as a consequence of the offering have since been disposed, making this an exit filing. Voting and dispositive power over the 40,000 warrants is shared among the Reporting Persons.
Vision Marine Technologies Inc. completed a firm commitment equity offering with ThinkEquity LLC, issuing 2,075,000 common shares and 1,425,000 pre-funded warrants at a public offering price of US$2.00 per common share (inclusive of the pre-funded warrant exercise price). The offering closed on August 18, 2025 and generated gross proceeds of US$7,000,00 before underwriting discounts and expenses. The company plans to use the net proceeds mainly for general corporate purposes and working capital, including inventory management, servicing floorplan lines of credit, general and administrative expenses, and patent prosecution for its E-Motion™ electric powertrain technology, and potentially for future acquisitions or strategic investments. All pre-funded warrants, each with a CA$0.001 exercise price, were fully exercised by August 18, 2025, and the underwriter received additional warrants to purchase up to 175,000 common shares at US$2.50 per share.
Vision Marine Technologies Inc. (VMAR) filed a prospectus for a registered offering that would increase shares outstanding from 1,157,137 to 4,657,137 (5,182,137 if over-allotment exercised). Net proceeds are estimated at approximately US$6,228,629 (US$7,199,879 with full over-allotment). The filing presents pro forma financials reflecting the acquisition of Nautical Ventures and discloses convertible note arrangements totaling US$4.0M (convertible at US$8.624/share) and a potential additional US$2.0M note tied to contingent claims, with minimum monthly payments. The company highlights its E-Motion electric powertrain prototype with 96% efficiency versus a recorded competitor efficiency of 54%, technical specs and supplier relationships. Material risk disclosures include a current net loss, substantial doubt about going concern, reliance on key suppliers, seasonal demand volatility, recent litigation and a marina fire in Oct 2024 with one fatality, and a May 2025 settlement requiring issuance of 250,000 shares subject to court approval. The company’s common shares trade on Nasdaq under VMAR.