Pursuant to a resolution passed by the directors of Vision Marine Technologies Inc. on June 4, 2026, the company has consolidated its capital on a one-new-for-10-old basis. The name of the company has not been changed.

Effective at the opening of business on Wednesday June 17, 2026, the shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as a motorcycle, boat and other motor vehicle dealers company (NAICS No. 441220).

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 727,050 shares are issued and outstanding

Escrow securities:  2,343 shares, one stock option, 1,125 restricted share units and notes convertible into 1,980 shares

Transfer agent:  Odyssey Trust Company

Trading symbol:  VMAR (unchanged)

Cusip No.:  92840Q 50 9 (new)