Mr. Raffi Sossoyan reports

VISION MARINE TECHNOLOGIES ANNOUNCES REVERSE STOCK SPLIT

Vision Marine Technologies Inc.'s board of directors has approved a one-for-10 reverse stock split of the company's common shares. The reverse stock split is expected to become effective when the market opens on Aug. 26, 2026, and the company's common shares will begin trading on a split-adjusted basis under the existing trading symbol VMAR. The new Cusip number for the company's common shares following the reverse stock split will be 92840Q608.

The board has approved a one-for-10 reverse stock split, which will reduce the number of issued and outstanding common shares from approximately 6,530,460 common shares presplit to approximately 653,046 common shares postsplit, subject to adjustment resulting from the rounding up of fractional shares to the next whole common share.

The primary purpose of the reverse stock split is to increase the per-share market price of the company's common shares in an effort to regain compliance with the $1 minimum bid price requirement for continued listing on the Nasdaq Capital Market under Nasdaq listing Rule 5550(a)(2). There can be no assurance that the reverse stock split will result in the company regaining or maintaining compliance with this requirement. On Aug. 20, 2026, the board approved both the effective date of the reverse stock split as well as the ratio of the reverse stock split of one for 10.

As a result of the reverse stock split, every 10 common shares of the company issued and outstanding will be automatically consolidated into one common share. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the company's outstanding equity awards, as applicable, as well as to the number of shares issuable under the company's equity incentive plans. The common shares issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not decrease the number of authorized common shares (which shall remain limitless) or otherwise affect the par value of the common shares.

No fractional common shares will be issued in connection with the reverse stock split. Any fractional common share that would otherwise result from the reverse stock split will be rounded up to the next whole common share.

Odyssey Trust Company, the company's transfer agent, is acting as the exchange agent for the reverse stock split. Shareholders holding their common shares electronically in book entry form and shareholders who hold their shares through a bank, broker or other nominee will not need to take any action. Shareholders owning common shares through a bank, broker or other nominee will have their positions adjusted to reflect the reverse stock split.

About Vision Marine Technologies Inc.

Vision Marine is a marine technology and recreational boating company focused on delivering a better on-water experience across propulsion types. The company develops proprietary high-voltage electric propulsion technology through its E-Motion platform and supports commercialization through its Nautical Ventures retail, marina, service and delivery platform across Florida. Vision Marine's integrated operating model combines technology, consumer access, service infrastructure and multibrand boating operations.

We seek Safe Harbor.