Vision Marine Implements 1-for-10 Reverse Split to Boost Share Price
VMAR•Vision Marine executed a 1-for-10 reverse stock split on June 17, 2026, consolidating 7.27 million shares into roughly 727,050 shares and establishing CUSIP 92840Q509. The action seeks to lift the per-share price above Nasdaq’s $1.00 minimum to maintain listing compliance.
1. Reverse Split Implemented
On June 17, 2026, Vision Marine Technologies executed a 1-for-10 reverse stock split at the market open, consolidating every ten common shares into one share under the existing VMAR ticker.
2. Share Count and CUSIP Update
The corporate action reduced issued and outstanding common shares from approximately 7,270,497 to about 727,050, and introduced a new CUSIP number, 92840Q509, for the reorganized shares.
3. Nasdaq Minimum Bid Price Compliance
The primary goal of the reverse split is to elevate the per-share market price above the $1.00 threshold required by Nasdaq Listing Rule 5550(a)(2), ensuring continued compliance and avoiding potential delisting.
4. Equity Award Adjustments
Proportionate adjustments will be made to the exercise prices and share counts of outstanding equity awards and incentive plan shares; authorized common shares and par value remain unchanged.
