Vision Marine Technologies Inc. (NASDAQ: VMAR) is a marine technology and retail group with operations across boating, retail, service, and propulsion. The company’s platform includes its E-Motion™ high-voltage electric propulsion technology as well as its Nautical Ventures retail network.
On June 17, 2026, Vision Marine Technologies implemented a 1-for-10 reverse stock split. Under the terms of the split, every ten common shares issued and outstanding were automatically consolidated into one common share. The company’s shares continue to trade on Nasdaq under the existing ticker symbol VMAR, with a new CUSIP number of 92840Q509.
The reverse stock split reduced the number of issued and outstanding common shares from 7,270,497 before the split to approximately 727,050 after the split, subject to adjustments from the rounding of fractional shares. No fractional shares were issued; shareholders who would otherwise have received a fractional share were instead issued one whole common share.
A reverse stock split reduces the number of outstanding shares and increases the share price proportionally. It does not directly change the total economic value of an investor’s holdings, although the market price can still fluctuate after the split takes effect.
Vision Marine said the primary goal of the reverse split was to increase the per-share market price of its common shares in an effort to avoid non-compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share.
The company also stated that proportionate adjustments would be made to the exercise prices and number of shares underlying outstanding equity awards, as applicable, as well as to the number of shares issuable under its equity incentive plans. The reverse split did not reduce the number of authorized common shares or otherwise change the par value of the common shares.
