{"filing":{"accession_number":"0001104659-26-101613","cik":"0001813783","ticker":"VMAR","company_name":"Vision Marine Technologies Inc.","form":"6-K","filing_date":"2026-08-26","report_date":"2026-08-26","primary_document":"tm2624118d1_6k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1813783/000110465926101613/tm2624118d1_6k.htm"},"events":[{"id":29814,"run_id":27312,"accession_number":"0001104659-26-101613","anchor_item_number":"EX-99.1","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"summary":"Vision Marine Technologies has entered into a non-binding letter of intent for a proposed reverse takeover business combination with an undisclosed counterparty that would result in a change of control, with existing Vision Marine securityholders retaining approximately 2.9% of the combined company at closing. The transaction would combine Vision Marine's marine technology and electrification platform with the counterparty's unmanned aerial vehicles and defense technologies.","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26","form":"6-K","submitted_at":null,"items":[{"id":32216,"accession_number":"0001104659-26-101613","item_number":"EX-99.1","item_title":"tm2624118d1_ex99-1.htm","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Vision Marine has entered into a non-binding letter of intent for a proposed reverse takeover business combination with an undisclosed counterparty. The transaction would result in a change of control, with existing Vision Marine securityholders retaining approximately 2.9% of the combined company at closing. This is a material M\u0026A activity that would fundamentally alter the company's ownership structure and strategic direction, combining Vision Marine's marine technology and electrification platform with the counterparty's unmanned aerial vehicles and defense technologies.","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":29815,"run_id":27312,"accession_number":"0001104659-26-101613","anchor_item_number":"EX-99.2","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.92,"summary":"Vision Marine announced a 1-for-10 reverse stock split to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The company acknowledged that there can be no assurance the reverse split will succeed in addressing the underlying delisting compliance threat.","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26","form":"6-K","submitted_at":null,"items":[{"id":32217,"accession_number":"0001104659-26-101613","item_number":"EX-99.2","item_title":"tm2624118d1_ex99-2.htm","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.92,"reasoning":"Vision Marine announced a 1-for-10 reverse stock split explicitly to \"regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).\" The disclosure directly addresses delisting risk and the remedial action taken to address it. The company acknowledges \"there can be no assurance\" the reverse split will succeed, underscoring the materiality of the underlying compliance threat.","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":29816,"run_id":27312,"accession_number":"0001104659-26-101613","anchor_item_number":"EX-99.3","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"summary":"Vision Marine's Board approved voluntary delisting of the Company's common shares from the TSX Venture Exchange, effective August 26, 2026, representing a transfer of listing as the company consolidates its public-market presence on Nasdaq.","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26","form":"6-K","submitted_at":null,"items":[{"id":32218,"accession_number":"0001104659-26-101613","item_number":"EX-99.3","item_title":"tm2624118d1_ex99-3.htm","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"Vision Marine's Board has approved voluntary delisting of the Company's common shares from the TSX Venture Exchange, effective August 26, 2026. While this is a voluntary delisting (not a forced delisting due to non-compliance), it represents a material change in the Company's public-market structure and listing status. The disclosure explicitly states the delisting decision and its effective date, which is a transfer of listing from TSXV to Nasdaq consolidation. This falls squarely within the delisting_risk taxonomy as a notice of delisting and transfer of listing (Item 3.01 equivalent).","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":32216,"accession_number":"0001104659-26-101613","item_number":"EX-99.1","item_title":"tm2624118d1_ex99-1.htm","event_type":"ma_activity","event_domain":"operational","is_material":true,"confidence":0.95,"reasoning":"Vision Marine has entered into a non-binding letter of intent for a proposed reverse takeover business combination with an undisclosed counterparty. The transaction would result in a change of control, with existing Vision Marine securityholders retaining approximately 2.9% of the combined company at closing. This is a material M\u0026A activity that would fundamentally alter the company's ownership structure and strategic direction, combining Vision Marine's marine technology and electrification platform with the counterparty's unmanned aerial vehicles and defense technologies.","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26"},{"id":32217,"accession_number":"0001104659-26-101613","item_number":"EX-99.2","item_title":"tm2624118d1_ex99-2.htm","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.92,"reasoning":"Vision Marine announced a 1-for-10 reverse stock split explicitly to \"regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).\" The disclosure directly addresses delisting risk and the remedial action taken to address it. The company acknowledges \"there can be no assurance\" the reverse split will succeed, underscoring the materiality of the underlying compliance threat.","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26"},{"id":32218,"accession_number":"0001104659-26-101613","item_number":"EX-99.3","item_title":"tm2624118d1_ex99-3.htm","event_type":"delisting_risk","event_domain":"terminal","is_material":true,"confidence":0.95,"reasoning":"Vision Marine's Board has approved voluntary delisting of the Company's common shares from the TSX Venture Exchange, effective August 26, 2026. While this is a voluntary delisting (not a forced delisting due to non-compliance), it represents a material change in the Company's public-market structure and listing status. The disclosure explicitly states the delisting decision and its effective date, which is a transfer of listing from TSXV to Nasdaq consolidation. This falls squarely within the delisting_risk taxonomy as a notice of delisting and transfer of listing (Item 3.01 equivalent).","classifier_version":"claude-haiku-4-5-20251001+prompt-6be895f9","taxonomy_version":"v1.3","classified_at":"2026-08-26T21:01:44.682121+00:00","company_name":"Vision Marine Technologies Inc.","ticker":"VMAR","filing_date":"2026-08-26"}]}