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The latest update is out from Vision Marine Technologies ( (VMAR) ).
Vision Marine Technologies Inc., a company involved in marine technology, is facing a lawsuit filed on March 6, 2025, in New York state courts. The lawsuit alleges that the company improperly converted shares of its Series A preferred stock in December 2024, adjusting the conversion price from $0.30 to $40.50 due to reverse stock splits. Plaintiffs claim the conversion price should have been $1.23 and are seeking approximately 1,016,000 common shares and $2.0 million in damages. Vision Marine Technologies disputes these claims and is prepared to defend itself.
More about Vision Marine Technologies
YTD Price Performance: -62.38%
Average Trading Volume: 5,620,019
Technical Sentiment Signal: Buy
Current Market Cap: $5.55M
See more data about VMAR stock on TipRanks’ Stock Analysis page.
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