Vision Marine Implements Reverse Split for Nasdaq Compliance

Vision Marine Technologies (VMAR) has released an update.

Vision Marine Technologies Inc. has been granted an extension for continued listing on the Nasdaq Capital Market and has announced a 1-for-9 reverse stock split to comply with Nasdaq’s minimum bid price requirement. The reverse stock split aims to elevate the company’s per share market price above the $1.00 threshold, set to take effect on October 8, 2024.

For further insights into VMAR stock, check out TipRanks’ Stock Analysis page.