Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES CONSOLIDATES PUBLIC MARKET LISTING ON NASDAQ

Vision Marine Technologies Inc.'s board of directors has approved the voluntary delisting of the company's common shares from the TSX Venture Exchange, effective at the close of markets on Aug. 26, 2026.

The decision reflects Vision Marine's transformation into a predominantly United States-focused operating company. Based on the company's current operating profile, substantially all of the company's sales and revenue are generated in the United States.

Given this operating profile and the company's commitment to maintaining its Nasdaq listing, the board determined that consolidating its public market presence on Nasdaq is the most appropriate path forward. Maintaining a secondary Canadian exchange listing creates additional costs, regulatory requirements and administrative obligations that the company believes are no longer justified by the strategic benefits of a dual listing.

The consolidation allows Vision Marine to concentrate its corporate and financial resources on its Nasdaq listing, U.S. regulatory obligations and U.S. operations, while eliminating duplicative exchange-related expenses.

"Vision Marine's business is overwhelmingly U.S.-focused, and Nasdaq is central to our capital markets strategy," said Alexandre Mongeon, chief executive officer. "Consolidating our listing allows us to focus our resources on our U.S. operations, Nasdaq requirements and long-term growth."

Following the TSX-V delisting, Vision Marine's common shares will continue to trade on the Nasdaq Capital Market under the symbol VMAR.

Canadian and other shareholders will continue to hold their existing common shares. No action is required by shareholders in connection with the voluntary delisting. Shareholders should consult their brokers regarding trading on Nasdaq and any account-specific requirements.

The voluntary delisting was approved by the company's board of directors. In accordance with applicable TSX-V policies, shareholder approval is not required as the company's common shares trade on the Nasdaq Capital Market.

The company will continue to be a reporting issuer under applicable securities laws in all provinces and territories of Canada.

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.

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