Vision Marine Technologies (VMAR) announced that the company’s board of directors approved 1 for 40 reverse stock split of the company’s common shares. The reverse stock split is expected to become effective when the market opens on January 14 and the company’s common shares will begin trading on a split-adjusted basis under the existing trading symbol “VMAR.” The new CUSIP number for the company’s common shares following the reverse stock split will be 92840Q400.
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