Finance

Montreal, QC – May 16, 2025 – Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders.

Montreal, Canada, May 2, 2025 – Vision Marine Technologies Inc. (NASDAQ: VMAR) (“VMAR” or the “Company”) a pioneer in electric marine propulsion, today announced that its Annual Meeting of Shareholders (the “Shareholders Meeting”), which was originally scheduled to be held on May 15, 2025, has been postponed. The Shareholder’s Meeting is now scheduled to be held virtually, on May 23, 2025, starting at 10:00 a.m. EST.

Montreal, QC, March 6, 2025 Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a company specializing in electric marine propulsion, reaffirms its strategic positioning and operational resilience in response to recent U.S.-Canada trade tariffs.

Montreal, QC, February 21, 2025 – Vision Marine Technologies Inc. (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a pioneer in high-performance electric marine propulsion, today announced that its Board of Directors has approved the establishment of a stock repurchase program authorizing the repurchase of up to 5% of Vision Marine Technologies Inc.’s issued and outstanding common shares as of today. We intend to enter into a 10b-18 trading plan establishing such a program.

Montreal, Canada – February 10, 2025 – Vision Marine Technologies Inc. (the “Company,”
“Vision Marine,” “we,” “us,” “our”) (Nasdaq: VMAR, a pioneer in high-performance electric
marine propulsion, today announced the appointment of Pierre-Yves Terrisse to its Board of
Directors.

Montreal, QC, January 16, 2025 — Vision Marine Technologies Inc. (the “Company”, “Vision Marine”, “we”, “us”, “our”) (Nasdaq: VMAR), a leading innovator in electric marine propulsion, today announced the closing of its previously announced brokered private placement offering with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a “Common Share”) (or pre-funded warrants (each a “Pre-funded Warrant”) in lieu thereof) together with warrants (each a “Common Warrant”) to purchase one-half of the number of Common Shares (or Pre-funded Warrants) of the Company at a price of US$1.25 per unit, for aggregate gross proceeds of approximately US$5.9 million, before deducting fees and offering expenses.

Montreal, QC, January 13, 2025 — Vision Marine Technologies Inc. (the “Company”, “Vision Marine”, “we”, “us”, “our”) (Nasdaq: VMAR), a pioneer in electric marine propulsion, today announced that it has entered into definitive securities purchase agreements dated January 12, 2025 with accredited and institutional investors for the issuance and sale of units consisting of common shares (each a “Common Shares”) (or pre-funded warrants (“Pre-funded Warrants”) to purchase in lieu thereof) together with warrants (each a “Common Warrant”) to purchase one-half of the number of shares of common shares (or Pre-funded Warrants) of the Company at a price of US $1.25 per unit, on a brokered private placement basis, for aggregate gross proceeds of approximately US $5.8 million, before deducting fees and offering expenses.

Montreal, Canada – October 4, 2024 – Vision Marine Technologies Inc. (the
“Company”) (NASDAQ: VMAR), a pioneer in electric marine propulsion, today announced that it has received an extension from the Nasdaq Hearings Panel to continue its listing on
the Nasdaq Capital Market. This extension allows the Company additional time to regain compliance with Nasdaq’s continued listing requirements, subject to meeting specific compliance criteria within designated timeframes.