Vision Marine signs LOI for business combination with undisclosed private company

• Vision Marine signed a non-binding LOI for a reverse takeover by a privately held operating company focused on unmanned aerial vehicles and defense technologies.
• Counterparty shareholders would own about 97.1% of the combined company at closing; existing Vision Marine securityholders about 2.9%.
• Contingent share consideration of up to 2.8% could lift Vision Marine holders’ stake to about 5.7% if milestones are met.
• Closing is conditioned on at least USD 25 million of financing; counterparty must secure at least USD 100 million in binding purchase orders for 2027 deliveries.
• Definitive agreements targeted by Oct. 15, 2026; closing targeted by Dec. 31, 2026; combined shares expected to remain Nasdaq-listed, subject to approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vision Marine Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608240630PR_NEWS_USPR_____SF31861) on August 24, 2026, and is solely responsible for the information contained therein.