Mergers & Acquisitions ·
Vision Marine Technologies Inc. announced a non-binding letter of intent to enter into a proposed business combination…
VMARVision Marine Technologies Inc.
Vision Marine Technologies Inc. announced a non-binding letter of intent to enter into a proposed business combination with an undisclosed private counterparty developing unmanned aerial systems for defense applications, structured as a reverse takeover resulting in existing shareholders retaining approximately 2.9% ownership. Concurrently, the board approved a 1-for-10 reverse stock split effective August 26, 2026, to regain Nasdaq compliance, and voluntarily delisted from the TSX Venture Exchange on the same date to consolidate its listing on Nasdaq. The company operates in the marine technology and recreational boating industry.