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Vision Marine Technologies Announces Settlement of Outstanding Legal Claim

1. Vision Marine settled a legal claim with shareholders. 2. Settlement provides a clean capitalization structure for the company. 3. Strong cash position supports ongoing operations and expansion. 4. CEO expresses confidence in continuing growth in electric marine sector. 5. Company's E-Motion™ 180E is gaining traction in the market.

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FAQ

Why Bullish?

The settlement eliminates uncertainty, clean capitalization enhances growth prospects similar to past settlements for companies like Tesla.

How important is it?

The article highlights significant corporate legal resolution and operational readiness, crucial for stock performance.

Why Short Term?

The immediate resolution of legal issues likely boosts investor confidence for quick gains.

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TSLANIOLCID
Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a company specializing in electric marine propulsion systems, today announced that it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders.This resolution fully addresses a legal dispute, providing the Company with a clean capitalization structure. In addition, after the resolution Vision Marine believes it maintains a strong cash position, supporting the Company's liquidity to facilitate ongoing business operations, strategic initiatives, and prospective expansion efforts.Alex Mongeon, CEO of Vision Marine, commented, "We are pleased to announce this resolution, which marks an important milestone for Vision Marine. This settlement allows us to fully focus on executing our strategic objectives and accelerating growth in the rapidly expanding electric marine sector."About Vision Marine Technologies, Inc.Vision Marine Technologies Inc. (NASDAQ:VMAR) designs and manufactures cutting-edge electric propulsion systems and complete electric boat solutions. The Company's flagship E-Motion™ 180E powertrain is a market-proven, purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon, now available for order. Vision Marine collaborates with industry-leading original equipment manufacturers to accelerate the adoption of powerful, maintenance-friendly electric boating solutions worldwide.Forward-Looking StatementsCertain statements in this press release constitute "forward-looking statements." These statements include, but are not limited to, expectations regarding the benefits of the new patent, its impact on future product development and original equipment manufacturer integrations, and Vision Marine's competitive position. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect results are discussed in the Company's filings with the Securities and Exchange Commission. Vision Marine undertakes no obligation to update any forward-looking statements except as required by law.Investor & Company ContactVision Marine TechnologiesBruce Nurse - Investor Relations(303) 919-2913[email protected]Website: visionmarinetechnologies.comTwitter: @marine_visionFacebook: @VisionMarineTechnologiesInstagram: @visionmarine.technologiesYouTube: @VisionMarineTechnologiesSOURCE: Vision Marine Technologies Inc

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