Vision Marine Technologies Approves 1-for-40 Reverse Stock Split to Enhance Compliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 12 2026
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Should l Buy VMAR?
Source: PRnewswire
- Reverse Stock Split Decision: Vision Marine Technologies' board approved a 1-for-40 reverse stock split, reducing outstanding shares from approximately 37,008,735 to about 925,218 shares, aimed at increasing the per-share market price to comply with Nasdaq's minimum $1 requirement.
- Effective Date Set: The reverse stock split is expected to take effect on January 14, 2026, ensuring that the company's shares continue trading on a split-adjusted basis while maintaining shareholders' proportional ownership.
- Shareholder Rights Protection: Following the reverse stock split, any fractional shares resulting from the consolidation will be combined into whole shares, ensuring all shareholders' rights are protected without affecting the number of authorized common shares.
- Transfer Agent Arrangement: Odyssey Transfer and Trust Company will act as the exchange agent for the reverse stock split, with shareholders holding shares electronically not needing to take any action, ensuring a smooth process for the split.
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Analyst Views on VMAR
About VMAR
Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Patent Application Strengthens Technology: Vision Marine Technologies has filed a new patent application related to a structural integration system that allows electric motors to be mechanically paired with conventional outboard assemblies, ensuring precise alignment and load management under marine operating conditions, thereby enhancing the reliability and durability of electric propulsion systems.
- Cost and Time Advantages: The patent design enables electric propulsion to integrate with existing outboard architectures, helping to reduce development costs and shorten integration timelines, thus supporting boat manufacturers in adopting electric propulsion technology more rapidly and driving market transformation.
- Standardized Production Support: The commercial value of the new patent lies in its ability to support Vision Marine's application of a standardized high-voltage propulsion architecture across multiple outboard formats, promoting scalable production and consistent integration while enhancing training efficiency for service teams, facilitating broader adoption of electric propulsion.
- Intellectual Property Portfolio Expansion: This filing increases Vision Marine's intellectual property portfolio to 14 pending patent applications, focused on the design and integration of high-voltage electric marine propulsion systems, further solidifying the company's technological advantage and long-term strategy in the recreational market.
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- Retail Store Opening: Vision Marine has opened a new retail store in Palm City, Florida, marking the sale of over 1,100 yacht tenders across the Nautical Ventures network since 2021, reflecting sustained customer demand and operational scale.
- Growing Market Demand: According to independent industry research by Mordor Intelligence, the global inflatable boat market operates at a multi-billion-dollar scale, driven by long-term demand from superyacht activities, marina operations, and charter fleets, underlining Vision Marine's strategic focus on the tender segment.
- Enhanced Operational Capability: The Palm City team's expertise in tender configuration and mechanical and electrical integration supports operational capabilities across multiple Nautical Ventures locations, further strengthening the company's competitive position in this niche market.
- Vertical Integration Strategy: By formalizing Palm City as a customer-facing yacht tender and inflatable boat dealership, Vision Marine enhances the connection between retail activity, service execution, and technology enablement, paving the way for future market opportunities.
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- Project Pelagos Launch: Vision Marine Technologies, in collaboration with its acquired retail network Nautical Ventures, has announced the development of Project Pelagos, an AI-driven customer intelligence and revenue operations platform designed to enhance execution and customer experience in sales and aftersales.
- System Integration Innovation: Pelagos aims to unify traditionally fragmented systems into a behavior-aware environment, connecting Dealer Management Software, multiple MLS platforms, and team communication tools, thereby accelerating revenue execution and improving customer experience.
- Operational Efficiency Enhancement: By analyzing customer engagement patterns, Pelagos is intended to support opportunity prioritization, improve internal handoffs, and reduce delays caused by disconnected workflows, while preserving human judgment where it matters most.
- Long-Term Strategic Alignment: The development of this project aligns with Vision Marine's broader strategy to enhance operating leverage within its retail platform, expected to support more efficient sales execution and consistent performance as the Nautical Ventures network expands.
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- Project Pelagos Launch: Vision Marine Technologies, in collaboration with its acquired retail network Nautical Ventures, has announced the launch of Project Pelagos, an AI-driven customer intelligence and revenue operations platform designed to enhance execution and customer experience in sales and aftersales.
- System Integration Innovation: Pelagos aims to unify traditionally fragmented systems into a behavior-aware environment, connecting Dealer Management Software, multiple MLS platforms, and team communication tools, thereby accelerating revenue execution and improving customer experience while enhancing operational visibility.
- AI-Enabled Decision Making: The platform is designed to analyze customer engagement patterns to support opportunity prioritization and internal handoffs, reducing delays caused by disconnected workflows while preserving human judgment where it matters most, thus enhancing decision consistency across teams.
- Strategic Growth Support: Through the development of Pelagos, Vision Marine aims to improve operating leverage within its retail platform by reducing manual processes and increasing visibility into customer demand, ultimately supporting efficient sales execution and consistent performance as the Nautical Ventures network scales.
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- Financial Inflection Point: Vision Marine generated $1.9 million in positive cash flow during Q1 2026, marking the company's first positive operating cash flow following the acquisition of Nautical Ventures, indicating early operational efficiencies.
- Significant Revenue Growth: Total revenues reached $15.7 million for the quarter, a substantial increase from $0.1 million in the prior year, primarily driven by the integration of Nautical Ventures' dealership operations, significantly enhancing market share.
- Gross Margin Improvement: The quarter's gross profit totaled $4.2 million, reflecting a gross margin of 27%, showcasing the operational leverage gained from the expanded retail network, which further strengthens profitability.
- Future Outlook: Management is focused on cash flow generation and margin improvement, planning to enhance balance sheet resilience through divestitures of non-core real estate assets and cost-reduction initiatives to navigate macroeconomic challenges.
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- Reverse Stock Split Decision: Vision Marine Technologies' board approved a 1-for-40 reverse stock split, reducing outstanding shares from approximately 37,008,735 to about 925,218 shares, aimed at increasing the per-share market price to comply with Nasdaq's minimum $1 requirement.
- Effective Date Set: The reverse stock split is expected to take effect on January 14, 2026, ensuring that the company's shares continue trading on a split-adjusted basis while maintaining shareholders' proportional ownership.
- Shareholder Rights Protection: Following the reverse stock split, any fractional shares resulting from the consolidation will be combined into whole shares, ensuring all shareholders' rights are protected without affecting the number of authorized common shares.
- Transfer Agent Arrangement: Odyssey Transfer and Trust Company will act as the exchange agent for the reverse stock split, with shareholders holding shares electronically not needing to take any action, ensuring a smooth process for the split.
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