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Vision Marine Technologies Announces Approval of Stock Repurchase Program

1. Board approves repurchase program for up to 5% outstanding shares. 2. Plan employs a 10b-18 trading framework to execute the buyback.

Shares Buyback
-12.26%Current Return
VS
-1.71%S&P 500
$0.980202/21 07:45 AM EDTEvent Start
$0.8602/24 07:49 AM EDTLatest Updated
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FAQ

Why Bullish?

A share repurchase is typically interpreted as management’s confidence in the company’s undervaluation, which can lead to an upward adjustment in share price. Historical cases, such as tech giants announcing buybacks, have often experienced short-term price gains following similar initiatives.

How important is it?

While the program signals a positive move in capital structure and potential earnings improvement, its scale is moderate relative to overall valuation, limiting the broader market impact.

Why Short Term?

Buyback announcements generally trigger immediate positive sentiment and investor interest, resulting in a short-term price boost, as seen with past repurchase programs across various industries.

Related Companies

MONTRÉAL, QUEBEC / ACCESS Newswire / February 21, 2025 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in high-performance electric marine propulsion, today announced that its Board of Directors has approved the establishment of a stock repurchase program authorizing the repurchase of up to 5% of Vision Marine Technologies Inc.'s issued and outstanding common shares as of today. We intend to enter into a 10b-18 trading plan establishing such a program.

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