Vision Marine Technologies ( (VMAR) ) has issued an update.
Vision Marine Technologies Inc. announced a 10-for-1 reverse stock split of its common shares, effective March 31, 2025, to comply with Nasdaq’s minimum bid price requirement. This move will consolidate every ten shares into one, adjusting the number of shares and exercise prices for equity awards, while maintaining the total number of authorized shares. The reverse stock split aims to increase the per-share market price, impacting shareholders by rounding up fractional shares to the nearest whole share.
More about Vision Marine Technologies
Vision Marine Technologies Inc. is a leader in the marine industry, focusing on electric propulsion systems. The company offers the E-Motion™ outboard powertrain system, which integrates advanced battery packs, inverters, and high-efficiency motors with proprietary software. Vision Marine is dedicated to eco-friendly electric powerboats, aiming to enhance the recreational boating experience with higher speeds, longer ranges, and smoother rides compared to traditional internal combustion engine boats.
YTD Price Performance: -59.01%
Average Trading Volume: 5,700,746
Technical Sentiment Signal: Buy
Current Market Cap: $6.05M
For an in-depth examination of VMAR stock, go to TipRanks’ Stock Analysis page.