Vision Marine Undertakes Reverse Stock Split

Vision Marine Technologies (VMAR) has released an update.

Vision Marine Technologies, a leader in electric marine propulsion, has announced a 15-for-1 reverse stock split to raise its share price and meet Nasdaq’s minimum bid price requirement. This strategic move comes after the company was notified of non-compliance with Nasdaq’s $1.00 minimum share price rule. The consolidation aims to realign the company’s capital structure with market regulations without affecting the number of authorized shares.

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