VMAR will reduce outstanding shares from 6.53M to approximately 653,046 after the split takes effect August 26.
Vision Marine Technologies will implement a 1-for-10 reverse stock split, reducing its issued and outstanding common shares from about 6.53 million to roughly 653,046. The move, approved by the board, is set to take effect at market open on August 26, 2026.
The reverse split consolidates shares to meet exchange listing requirements or improve per-share metrics. No change in the company’s market capitalization is expected, as the value of each share will adjust proportionally. Vision Marine has not disclosed additional rationale for the decision.
Shares will trade on a post-split basis once the adjustment is effective.