VMAR News & Events

Vision Marine Technologies announced that its common shares will commence trading on the TSX Venture Exchange under the symbol "VMAR" on May 1. The company's shares will continue to trade on the Nasdaq Capital Market under the symbol "VMAR," which remains Vision Marine's primary listing.

Vision Marine Technologies has received conditional approval to list its common shares on the TSX Venture Exchange, or TSXV. Vision Marine is currently working with the TSXV to complete the final steps of the listing process, including confirming the date on which trading will commence. The TSXV listing is expected to complement Vision Marine's existing Nasdaq listing, which will remain the company's primary trading venue. The company believes that this additional listing enhances its ability to engage with Canadian investors and institutions, while strengthening its overall capital markets platform. The company believes that expanding its capital markets access supports the continued deployment and scaling of its technology across multiple boating segments. The company has an at-the-market equity program in place pursuant to its effective shelf registration statement on Form F-3. The company has issued an aggregate of 975,333 common shares under the ATM Program at a weighted average price of $2.03 per share, for gross proceeds of $1,983,450.32, and net proceeds of $1,887,263.81, after deducting placement agent commissions and transaction costs of $96,186.51. The ATM Program is being conducted pursuant to a prospectus supplement providing for aggregate gross proceeds of up to $16,335,000.

Vision Marine Technologies announced the sale of an initial four Fantail 217 electric boats to Keweenaw Waters Resort, a waterfront hospitality destination located on the Keweenaw Peninsula along Lake Superior in Michigan. While the initial deployment consists of four units, the transaction reflects a broader commercial expansion strategy focused on supplying hospitality operators, resorts, and fleet managers in addition to traditional retail consumers. The Fantail boats will be integrated into the resort's guest rental program, serving as a reference deployment for Vision Marine's growing B2B channel.

Vision Marine Technologies (VMAR) announced that its subsidiary, Nautical Ventures Group, has entered into a strategic dealership agreement with Twin Vee PowerCats (VEEE), securing exclusive distribution rights for Broward County, Florida. The agreement grants Nautical Ventures sole rights to sell and distribute Twin Vee products within a defined territory reserved for its dealership network. Initial inventory deliveries are anticipated within the coming weeks. In connection with this agreement, Vision Marine and Nautical Ventures are collaborating with Twin Vee on the development of two custom "Adventure Edition" models, designed specifically for distribution through Nautical Ventures' network.