Vision Marine Technologies Inc. which integrates high-voltage electric marine propulsion systems with a fully integrated marine retail and service network, today provided an update on ongoing operational activities at Nautical Ventures, its Florida-based retail and service division.

The Company noted that current initiatives at Nautical Ventures include:

Management remains focused on execution, improving customer experience, and optimizing retail operations to support the long-term growth of the platform.

Since acquiring Nautical Ventures, Vision Marine has concentrated on improving operational performance through better inventory management, streamlined customer financing processes, expanded insurance offerings, integration of service operations, refinement of sales processes, and improved customer lifecycle management.

According to Alexandre Mongeon, Chief Executive Officer of Vision Marine, “Our work at Nautical Ventures is centered on enhancing retail workflows, improving financing processes, and strengthening service coordination across the platform. These efforts form part of a broader operational integration as we align Nautical Ventures with Vision Marine’s marine technology, retail, and service ecosystem.”

Nautical Ventures gives Vision Marine direct access to consumers in one of the world’s most active recreational boating markets. It also supports a wide range of customer-facing operations, including new and pre-owned boat sales, maintenance and warranty services, marina operations and storage, parts and accessories sales, financing and insurance offerings, boat rentals, experiential boating activities, and future opportunities tied to electric propulsion technologies.

These segments continue to be part of Vision Marine’s ongoing integration and operational evaluation following the acquisition.

Corporate Governance Update
Vision Marine also announced that it has filed meeting materials ahead of its special shareholder meeting scheduled for June 15, 2026. The agenda includes a proposed share consolidation within a 5:1 to 10:1 range, subject to Board discretion (the “Proposed Consolidation”).

The objective of the Proposed Consolidation is to maintain strategic flexibility regarding listing requirements, including compliance with Nasdaq’s minimum bid price rules. The proposal is subject to shareholder approval as well as approval from the TSX Venture Exchange.

All relevant meeting documents are available through the Company’s public filings, and shareholders are encouraged to review them for full details regarding the proposed consolidation.