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