Vision Marine Technologies Announces Approval of Stock Repurchase Program
Vision Marine Technologies (NASDAQ:VMAR) has announced a stock repurchase program approved by its Board of Directors, authorizing the buyback of up to 5% of its issued and outstanding common shares. The company plans to implement this through a 10b-18 trading plan, with the timing and amount of repurchases to be determined according to the plan.
As of February 20, 2025, Vision Marine has 9,813,429 common shares outstanding and a cash balance of approximately $10.6 million. The company's CEO, Alexandre Mongeon, stated that while Vision Marine has made significant progress in marine electrification, the current stock price doesn't reflect the company's value and potential. The repurchase program aims to enhance shareholder value and demonstrate confidence in their vision for industrialized, turnkey electric powertrain solutions.
Vision Marine Technologies (NASDAQ:VMAR) ha annunciato un programma di riacquisto di azioni approvato dal suo Consiglio di Amministrazione, autorizzando il riacquisto di fino al 5% delle sue azioni ordinarie emesse e in circolazione. L'azienda prevede di attuare questo attraverso un piano di trading 10b-18, con il tempismo e l'importo dei riacquisti che saranno determinati secondo il piano.
Al 20 febbraio 2025, Vision Marine ha 9.813.429 azioni ordinarie in circolazione e un saldo di cassa di circa $10,6 milioni. Il CEO dell'azienda, Alexandre Mongeon, ha dichiarato che, sebbene Vision Marine abbia fatto progressi significativi nell'elettrificazione marina, l'attuale prezzo delle azioni non riflette il valore e il potenziale dell'azienda. Il programma di riacquisto mira a migliorare il valore per gli azionisti e a dimostrare fiducia nella loro visione per soluzioni di propulsione elettrica industrializzate e chiavi in mano.
Vision Marine Technologies (NASDAQ:VMAR) ha anunciado un programa de recompra de acciones aprobado por su Junta Directiva, autorizando la recompra de hasta el 5% de sus acciones ordinarias emitidas y en circulación. La compañía planea implementar esto a través de un plan de negociación 10b-18, con el tiempo y la cantidad de recompra a determinarse de acuerdo con el plan.
Al 20 de febrero de 2025, Vision Marine tiene 9,813,429 acciones ordinarias en circulación y un saldo de efectivo de aproximadamente $10.6 millones. El CEO de la empresa, Alexandre Mongeon, declaró que, aunque Vision Marine ha logrado un progreso significativo en la electrificación marina, el precio actual de las acciones no refleja el valor y el potencial de la empresa. El programa de recompra tiene como objetivo mejorar el valor para los accionistas y demostrar confianza en su visión de soluciones de tren motriz eléctrico industrializadas y llave en mano.
비전 마린 테크놀로지스 (NASDAQ:VMAR)는 이사회에서 승인한 주식 매입 프로그램을 발표하였으며, 발행 및 유통 중인 보통주 최대 5%를 매입할 수 있도록 허가하였습니다. 회사는 10b-18 거래 계획을 통해 이를 실행할 계획이며, 매입의 시기와 금액은 계획에 따라 결정될 것입니다.
2025년 2월 20일 기준으로 비전 마린은 9,813,429주의 보통주를 발행하였으며, 약 $10.6 백만의 현금 잔고를 보유하고 있습니다. 회사의 CEO인 알렉상드르 몽지온은 비전 마린이 해양 전기화에서 상당한 진전을 이루었지만 현재 주가는 회사의 가치와 잠재력을 반영하지 않는다고 밝혔습니다. 매입 프로그램은 주주 가치를 향상시키고 산업화된 턴키 전기 파워트레인 솔루션에 대한 신뢰를 보여주기 위한 것입니다.
Vision Marine Technologies (NASDAQ:VMAR) a annoncé un programme de rachat d'actions approuvé par son conseil d'administration, autorisant le rachat de jusqu'à 5 % de ses actions ordinaires émises et en circulation. L'entreprise prévoit de mettre cela en œuvre par le biais d'un plan de trading 10b-18, avec le timing et le montant des rachats qui seront déterminés selon le plan.
Au 20 février 2025, Vision Marine a 9 813 429 actions ordinaires en circulation et un solde de trésorerie d'environ 10,6 millions de dollars. Le PDG de l'entreprise, Alexandre Mongeon, a déclaré que bien que Vision Marine ait réalisé des progrès significatifs dans l'électrification marine, le prix actuel de l'action ne reflète pas la valeur et le potentiel de l'entreprise. Le programme de rachat vise à améliorer la valeur pour les actionnaires et à démontrer la confiance dans leur vision de solutions de groupe motopropulseur électrique industrialisées et clés en main.
Vision Marine Technologies (NASDAQ:VMAR) hat ein von seinem Vorstand genehmigtes Aktienrückkaufprogramm angekündigt, das den Rückkauf von bis zu 5% seiner ausgegebenen und ausstehenden Stammaktien autorisiert. Das Unternehmen plant, dies durch einen 10b-18-Handelsplan umzusetzen, wobei der Zeitpunkt und der Betrag der Rückkäufe gemäß dem Plan bestimmt werden.
Am 20. Februar 2025 hat Vision Marine 9.813.429 Stammaktien ausstehend und einen Bargeldbestand von etwa $10,6 Millionen. Der CEO des Unternehmens, Alexandre Mongeon, erklärte, dass Vision Marine zwar erhebliche Fortschritte bei der Elektrifizierung der Marine erzielt hat, der aktuelle Aktienkurs jedoch den Wert und das Potenzial des Unternehmens nicht widerspiegelt. Das Rückkaufprogramm zielt darauf ab, den Aktionärswert zu steigern und Vertrauen in ihre Vision für industrialisierte, schlüsselfertige elektrische Antriebslösungen zu demonstrieren.
- Authorization to repurchase up to 5% of outstanding shares shows confidence in company value
- Strong cash position of $10.6 million available for share repurchases
- Implementation of 10b-18 trading plan demonstrates structured approach to buyback
- Current market challenges affecting microcap stock performance
- Cash used for buyback reduces funds available for operations and growth
Insights
The announcement of a 5% share repurchase program by Vision Marine Technologies represents a significant shift in capital allocation strategy, particularly noteworthy given the company's position in the emerging electric marine propulsion market. With
The timing and structure of this buyback warrant careful analysis. Implementing through a Rule 10b-18 trading plan provides a systematic approach while offering safe harbor protections, suggesting a well-thought-out execution strategy. However, the key consideration lies in the balance between price support and growth capital preservation. In the capital-intensive electric marine sector, maintaining adequate resources for R&D and market expansion is crucial.
The
From a market perspective, this move addresses the common challenge faced by microcap stocks in achieving fair valuation, particularly in the clean technology sector where market sentiment can be volatile. The buyback creates a price support mechanism while demonstrating management's commitment to shareholder value, potentially attracting institutional investors who typically seek such signals of financial stewardship.
MONTRÉAL, QUEBEC / ACCESS Newswire / 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 
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Alexandre Mongeon, Co-Founder and Chief Executive Officer of Vision Marine, commented:
"The Board of Directors recognizes the challenges faced by microcap stocks in the current market environment. While Vision Marine has made significant strides in the electrification of marine transportation, we believe our stock price does not accurately reflect the Company's value and long-term potential. We believe that the implementation of a stock repurchase program would take a strategic step to enhance shareholder value and demonstrate confidence in our vision to lead the industry with our industrialized, turnkey electric powertrain solutions."
Under this authorization, Vision Marine envisions repurchasing shares from time to time at its discretion through a 10b-18 trading plan. The timing and amount of any repurchases would be determined pursuant to such plan. As of February 20, 2025, the Company had 9,813,429 common shares issued and outstanding and a cash balance of approximately US
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ:VMAR) is revolutionizing the marine industry with its proprietary E-Motion™ electric powertrain technology. By integrating advanced battery systems, high-efficiency electric motors, and cutting-edge software, Vision Marine is driving the transition toward sustainable and emission-free recreational boating. The Company's mission is to redefine on-water experiences through innovation, efficiency, and environmental responsibility.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may include words such as "believe," "anticipate," "expect," "intend," "estimate," "may," "continue," "potential," and similar expressions to identify forward-looking statements. Such statements include, but are not limited to, the Company's stock repurchase program, the potential impact on shareholder value, and Vision Marine's long-term market positioning.
Forward-looking statements are based on management's expectations and assumptions as of the date of this press release. Actual results may differ materially due to risks and uncertainties, including market conditions, the Company's ability to execute the stock repurchase program as intended, and other factors discussed in Vision Marine's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 20-F for the year ended August 31, 2024, and subsequent periodic reports. Vision Marine assumes no obligation to update or revise forward-looking statements, except as required by law.
Investor and Media Contact:
Bruce Nurse
(303) 919-2913
bn@v-mti.com
Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies
SOURCE: Vision Marine Technologies Inc
View the original press release on ACCESS Newswire
FAQ
How many shares can Vision Marine (VMAR) repurchase under the new program?
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When will Vision Marine (VMAR) begin its stock repurchase program?
Why is Vision Marine (VMAR) implementing a stock buyback program?
