Vision Marine Technologies Announces Corporate Governance Update

Vision Marine Technologies, based in Boisbriand, Quebec, has filed meeting materials for its special shareholder meeting scheduled for August 20, 2026. Shareholders will be asked to approve a proposed share consolidation with a ratio range of 5:1 to 10:1, if the board determines it advisable. The company says the consolidation is intended to preserve strategic flexibility related to continued listing requirements, including maintaining compliance with Nasdaq’s minimum bid price rules. The proposal still requires both shareholder approval and the approval of the TSX Venture Exchange. Complete meeting materials are available through the company’s public filings. Vision Marine (NASDAQ: VMAR; TSXV: VMAR) develops high-voltage electric propulsion technology via its E-Motion platform.