Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES ANNOUNCES TRANSACTION INVOLVING THE PROPOSED SALE OF FORT LAUDERDALE PROPERTY FOR UP TO US$10.0 MILLION AS IT CENTRALIZES RETAIL OPERATIONS AT ITS ANGLERS MARINA

A definitive agreement has been entered into by NVFL Holdings LLC, an affiliate of the sellers in Vision Marine Technologies Inc.'s acquisition of Nautical Ventures Group Inc., for the sale of the property located at 1400 South Federal Hwy. in Fort Lauderdale, Fla., for total consideration of up to $10.0-million (U.S.). The transaction is expected to generate approximately $5.0-million (U.S.) in non-dilutive liquidity to Vision Marine pursuant to its existing contractual rights and operating arrangements associated with the Nautical Ventures acquisition, while also reducing annualized operating costs by approximately $1.2-million (U.S.).

Subject to customary closing conditions, the transaction is expected to close prior to Aug. 31, 2026. If the sale closes prior to Aug. 31, 2026, the buyer will be entitled to a $350,000 (U.S.) discount on the final purchase price. Following repayment of indebtedness, transaction expenses and other closing adjustments, it is expected that the transaction will provide approximately $5.0-million (U.S.) of cash liquidity to Vision Marine. Management believes the transaction represents a significant step toward enhancing liquidity and improving financial flexibility without the transaction itself requiring the issuance of additional equity.

Reducing fixed costs while preserving market coverage

The transaction is also expected to reduce annualized fixed operating costs by approximately $1.2-million (U.S.) while improving the overall efficiency of Nautical Ventures' operating footprint. Nautical Ventures is expected to continue representing the same leading brands and serving the same Florida territory, with management expecting minimal disruption to customers and operations.

The transaction reflects Vision Marine's continued execution of its postacquisition optimization strategy for Nautical Ventures, focused on streamlining operations, improving capital efficiency, and aligning its physical footprint with higher performing locations and scalable waterfront operations.

Establishing a scalable waterfront operating hub

As previously announced, Vision Marine has secured a flagship on-the-water marina in Fort Lauderdale, Anglers Avenue Marine Center, through a long-term lease agreement, designed to serve as a centralized showroom and operational hub for Nautical Ventures. The marina spans approximately 10 acres and includes 115 slips, enabling the consolidation of multiple operating functions into a single high-capacity waterfront location.

The marina asset has historically generated approximately $3.2-million (U.S.) in annual revenue through limited storage and service activity. Based on recent operating activity, however, management estimates that the marina is currently operating at an annualized revenue run rate of approximately $5.5-million (U.S.) to $6.0-million (U.S.). These estimates are based on internal management assumptions and recent operating activity, and are subject to seasonal trends, customer demand, economic conditions and other factors, and there can be no assurance that such run rate will be achieved or maintained. Management believes the site provides a strong foundation for expanded service activity, storage revenue, on-water customer engagement and operational consolidation.

"This transaction is expected to unlock meaningful non-dilutive liquidity while further streamlining our operating footprint," said Alexandre Mongeon, chief executive officer of Vision Marine. "We believe the combination of lower fixed costs, a centralized waterfront operating hub and continued integration of Nautical Ventures positions the company to operate more efficiently while maintaining our market presence across Florida."

The company expects that any liquidity benefits derived from the transaction, when consummated, will support general corporate purposes, working capital, debt reduction, and continued execution of its Nautical Ventures integration and optimization strategy. The allocation of proceeds may change based on the company's evolving business needs and market conditions. The transaction is expected to further strengthen the company's balance sheet and financial flexibility as management continues executing its operational optimization strategy.

We seek Safe Harbor.