Vision Marine Files 6-K, Incorporates into F-3/S-8

TL;DR

Vision Marine filed a 6-K, linking it to existing F-3 and S-8 filings. Standard compliance update.

AI Summary

Vision Marine Technologies Inc. filed a Form 6-K on January 6, 2025, for the month of January 2024. This report is incorporated by reference into the company's existing Registration Statements on Form F-3 (File No. 333-267893) and Form S-8 (File No. 333-264089). The company is involved in ship and boat building and repairing.

Why It Matters

This filing indicates ongoing reporting compliance and integrates previous disclosures into key registration statements, which can be relevant for investors tracking the company's public filings and capital-raising activities.

Risk Assessment

Risk Level: low — This is a routine filing that incorporates previous information into existing registration statements, indicating standard compliance rather than new material events.

Key Players & Entities

• Vision Marine Technologies Inc. (company) — Filer
• 333-267893 (registration_statement_file_number) — Form F-3 File Number
• 333-264089 (registration_statement_file_number) — Form S-8 File Number

FAQ

Key Financial Figures

• $2,500,000 — kholders’ equity requirement of US$2,500,000 (the “Stockholders’ Equity
• $2.3 million — ity as of such date was approximately US$2.3 million which was below the amount set out in t
• $3.4 million — res for net proceeds of approximately US$3.4 million) in a private placement (as disclosed i
• $6.5 million — ent for net proceeds of approximately US$6.5 million. As a result of the foregoing events,

Filing Documents

• tm251949d1_6k.htm (6-K) — 12KB
• 0001104659-25-001356.txt ( ) — 13KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File No. 001-39730 VISION MARINE TECHNOLOGIES INC. (Translation of registrant’s name into English) 730 Boulevard du Curé-Boivin Boisbriand, Québec, J7G 2A7, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F x Form 40-F ¨ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨ The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089). Compliance with Nasdaq Listing Rule 5550(b)(1) As of August 31, 2024, we were not in compliance with The Nasdaq Stock Market LLC’s (“Nasdaq”) Listing Rule 5550(b)(1) which requires that companies listed on Nasdaq maintain a minimum stockholders’ equity requirement of US$2,500,000 (the “Stockholders’ Equity Requirement”). As we reported in our Annual Report on Form 20-F for the fiscal year ended August 31, 2024 (the “Form 20-F”), our stockholders’ equity as of such date was approximately US$2.3 million which was below the amount set out in the Stockholders’ Equity Requirement. Subsequent to the end of our August, 31, 2024 fiscal year, we: · entered into a subscription agreement on September 13, 2024 with investors for the purchase and sale of 377,778 of our common shares for net proceeds of approximately US$3.4 million) in a private placement (as disclosed in in a report on Form 6-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 16, 2024); and · we entered into an ATM Sales Agreement with ThinkEquity LLC to establish an “at-the-market” offering of our common shares, as disclosed in a report on Form 6-K filed with the SEC on October 18, 2024. As on January 2, 2025, we have sold common shares pursuant to the ATM Sales Agreement for net proceeds of approximately US$6.5 million. As a result of the foregoing events, as of the date of this Report on Form 6-K, we believe that we have regained compliance with the Stockholders’ Equity Requirement. Nevertheless, Nasdaq will continue to monitor our ongoing compliance with the Stockholders’ Equity Requirement, and if we do not evidence compliance at the time of our next periodic report, we may be subject to delisting. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VISION MARINE TECHNOLOGIES INC. By: /s/ Raffi Sossoyan Raffi Sossoyan Chief Financial Officer Date: January 6, 2025

View Full Filing

View this 6-K filing on SEC EDGAR