Mr. Alexandre Mongeon reports

VISION MARINE TECHNOLOGIES ANNOUNCES REVERSE STOCK SPLIT

Vision Marine Technologies Inc.'s board of directors has approved a one-for-10 reverse stock split of the company's common shares. The reverse stock split is expected to become effective when the market opens on June 17, 2026, and the company's common shares will begin trading on a split-adjusted basis under the existing trading symbol VMAR. The new Cusip number for the company's common shares following the reverse stock split will be 92840Q509.

The board of directors of Vision Marine has approved a reverse stock split, which will reduce the issued and outstanding common shares from 7,270,497 common shares presplit to approximately 727,050 common shares postsplit, subject to adjustment resulting from the rounding of fractional shares to the nearest whole number.

The primary goal of the reverse stock split is to increase the per-share market price of the company's common shares in an effort to avoid non-compliance with the minimum $1 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2). On June 4, 2026, the board approved both the effective date of the reverse stock split as well as the ratio of the reverse stock split of one for 10.

As a result of the reverse stock split, every 10 common shares of the company issued and outstanding will be automatically consolidated into one common share. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the company's outstanding equity awards, as applicable, as well as to the number of shares issuable under the company's equity incentive plans. The common shares issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not decrease the number of authorized common shares (which shall remain limitless) or otherwise affect the par value of the common shares.

No fractional shares of its common shares will be issued in connection with the reverse stock split. Shareholders will be issued one whole common share in exchange for any fractional interest that such shareholder would have otherwise received as a result of the reverse stock split.

Odyssey Trust Company, the company's transfer agent, is acting as the exchange agent for the reverse stock split. Shareholders holding their common shares electronically in book entry form, and shareholders who hold their shares through a bank, broker or other nominee will not need to take any action. Shareholders owning common shares through a bank, broker or other nominee will have their positions adjusted to reflect the reverse stock split. Given that the company's shares are all book based, the transfer agent has been instructed that there is no need to send out transfer letters.

About Vision Marine Technologies Inc.

Vision Marine Technologies is a marine technology and retail group delivering premium boating experiences across internal combustion and electric segments. Through its E-Motion high-voltage propulsion platform and its Nautical Ventures retail network, Vision Marine offers an integrated ecosystem spanning propulsion, retail, service and on-water consumer engagement.

We seek Safe Harbor.