Vision Marine Technologies 2026 Annual Meeting Results and ATM Offering Update

Vision Marine Technologies Inc. held its Annual General Meeting on February 28, 2026, with 17.53% of shares represented. Shareholders approved all proposals, including: (1) election of five directors (Steve P. Barrenechea, Luisa Ingargiola, Alexandre Mongeon, Dr. Philippe Couillard, and Pierre Yves Terrisse); (2) appointment of M&K CPAs as independent auditors; (3) adoption of an amended Restricted Share Unit plan; (4) adoption of an amended Stock Option Plan; and (5-7) three compensation packages for Alexandre Mongeon totaling 1,285,000 common shares and RSUs. The company also reported an update on its at-the-market offering, having issued 494,889 common shares from January 23 to April 2, 2026, raising approximately $1.26 million in net proceeds under its $16.3 million ATM program.