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6-K 1 tm256288d1_6k.htm FORM 6-K

 

 

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 February 2025

 

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) ¨

 

 

 

 


 

Appointment of Director

 

On February 10, 2025, we announced the appointment of Pierre-Yves Terrisse to our Board of Directors (the “Board”).

 

Mr. Terrisse has been an advisor and strategic contributor to Vision Marine for the past three years, bringing financial insight and market expertise as we navigated our growth in the electric marine sector. Throughout his career, Mr. Terrisse has held senior leadership roles in investment banking, institutional equity sales, and corporate strategy, advising both public and private companies on financing, mergers and acquisitions, and market positioning. Pierre-Yves currently serves as Vice President of Corporate Development at NanoXplore, overseeing investor relations, M&A opportunities, and strategic growth initiatives. His prior experience includes key positions at Industrial Alliance Capital Markets, Ventum (formerly Echelon Wealth Partners), and Dundee Securities, where he helped structure major financing deals and develop corporate growth strategies.

 

General

 

On February 10, 2025, we issued a press release entitled “Vision Marine Technologies Appoints Pierre-Yves Terrisse to Board of Directors to Strengthen Financial and Strategic Expertise”. A copy thereof is attached as Exhibit 99.1 to this report.

 

On January 16, 2025, we issued a press release entitled “Vision Marine Technologies Announces Closing of Private Placement”. A copy thereof is attached as Exhibit 99.2 to this report.

 

The information contained in this Report on Form 6-K (excluding the press releases attached as Exhibit 99.1 and Exhibit 99.2) is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-267893), Registration Statement on Form F-3 (File No. 333-274882), Registration Statement on Form F-3 (File No. 333-284423) and Registration Statement on Form S-8 (File No. 333-264089).

 

Exhibit No.   Exhibit
99.1   Press release, dated February 11, 2025, entitled “Vision Marine Technologies Appoints Pierre-Yves Terrisse to Board of Directors to Strengthen Financial and Strategic Expertise”
99.2   Press release, dated February 6, 2025, entitled “Vision Marine Technologies Files Patent Application for Distributed Control System Architecture in Electric Marine Vessels”

 

 


 

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.
   
Date: February 12, 2025 By: /s/ Raffi Sossoyan
  Name: Raffi Sossoyan
  Title: Chief Financial Officer

 

 

 

EX-99.1 2 tm256288d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Vision Marine Technologies Appoints Pierre-Yves Terrisse to Board of Directors to Strengthen Financial and Strategic Expertise

 

Vision Marine Technologies Inc. (the “Company,” “Vision Marine,” “we,” “us,” “our”) (Nasdaq:VMAR), a pioneer in high-performance electric marine propulsion, today announced the appointment of Pierre-Yves Terrisse to its Board of Directors.

 

Mr. Terrisse has been a trusted advisor and strategic contributor to Vision Marine for the past three years, bringing invaluable financial insight and market expertise as the Company navigated its growth in the electric marine sector. With over 25 years of experience in capital markets, financial analysis, and corporate development, his deep knowledge of the technology and industrial sectors has already played a key role in shaping Vision Marine’s strategy. His formal appointment to the Board underscores the essential role he has played and will continue to play in guiding the Company’s evolution and expansion.

 

Throughout his career, Mr. Terrisse has held senior leadership roles in investment banking, institutional equity sales, and corporate strategy, advising both public and private companies on financing, mergers and acquisitions, and market positioning. Pierre-Yves serves as Vice President of Corporate Development at NanoXplore, overseeing investor relations, M&A opportunities, and strategic growth initiatives. His prior experience includes key positions at Industrial Alliance Capital Markets, Ventum (formerly Echelon Wealth Partners), and Dundee Securities, where he helped structure major financing deals and develop corporate growth strategies.

 

“Pierre-Yves has been an integral part of our journey over the past three years, providing strategic financial guidance and helping us navigate key milestones,” said Alex Mongeon, CEO of Vision Marine. “His deep expertise and leadership have already made a significant impact on our progress, and his presence on our Board is a natural and necessary step as we continue to evolve and expand our market presence.”

 

“Vision Marine is driving a fundamental shift in the marine industry, and I am honored to be officially joining the Board at such a transformative time,” said Pierre-Yves Terrisse. “Having worked alongside the Company for several years, I have seen firsthand its potential, and I am excited to help shape its next phase of growth and innovation.”

 

The addition of Mr. Terrisse to the Board reaffirms Vision Marine’s commitment to leveraging top-tier financial and strategic expertise as the Company continues to accelerate the adoption of its industry-leading E-Motion™ electric propulsion system and reinforce its leadership in sustainable marine technology.

 

For more information, please visit www.visionmarinetechnologies.com.

 

About Vision Marine Technologies Inc.
Vision Marine Technologies, Inc. (NASDAQ:VMAR) is driving the shift to sustainable, electric-powered recreational boating with its E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine delivers efficient and high-performing solutions for the marine industry.

 

Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. For a detailed discussion of these risks, refer to Vision Marine’s Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.

 

Investor and Company Contact:

 

Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com

 

Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies

 

Contact Information

 

Bruce Nurse
Investor Relations
bn@v-mti.com
303-919-2913

 

 

EX-99.2 3 tm256288d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

Vision Marine Technologies Files Patent Application for Distributed Control System Architecture in Electric Marine Vessels

 

Enhancing Efficiency, Scalability, and Performance in High-Voltage Electric Powertrains

 

MONTREAL, QC / ACCESS Newswire / February 6, 2025 / Vision Marine Technologies Inc. (the "Company," "Vision Marine," "we," "us," "our") (Nasdaq:VMAR) is pleased to announce the filing of its latest patent application with the United States Patent and Trademark Office. This application is part of an ongoing series of patents designed to advance the E-Motion™ High Voltage Electric Marine Powertrain. The newly developed Distributed Control System Architecture aims to simplify system integration, enhance scalability, and improve operational efficiency in electric marine vessels.

 

"Developing an efficient and scalable control system is critical for the future of high-voltage electric propulsion," said Xavier Montagne, Chief Technology Officer at Vision Marine. "This patent application represents a key step in optimizing how powertrain components communicate and function as a cohesive system, reducing system complexity while increasing reliability and performance for electric marine vessels."

 

The patented technology introduces a distributed control system that replaces traditional wiring-heavy configurations with a streamlined architecture utilizing a Control Area Network (CAN) bus. This system enables seamless communication between the Vessel Control Unit (VCU) and critical powertrain components, including high-voltage (HV) batteries, power distribution units (PDU), and electric motors. By decentralizing control through dedicated component controllers, Vision Marine aims to reduce wiring complexity, optimize power distribution, and improve overall system responsiveness.

 

The introduction of this architecture provides multiple benefits, including reduced vessel weight, simplified maintenance, and increased compatibility with a wide range of electric marine applications. As electric propulsion technology continues to evolve, ensuring efficient and scalable power management will play a crucial role in supporting larger vessels, extending travel distances, and improving overall system durability.

 

As electric propulsion becomes the future of the marine industry, Vision Marine's innovation is paving the way for a new era of sustainable and reliable boating. By focusing on creating scalable, data-driven, and advanced technology solutions, the Company is addressing the industry's most pressing challenges while supporting the transition to electric-powered marine vessels.

 

About Vision Marine Technologies Inc.
Vision Marine Technologies, Inc. (NASDAQ: VMAR) is driving the shift to sustainable, electric-powered recreational boating with its E-Motion™ outboard powertrain system. Combining advanced battery technology, high-efficiency motors, proprietary software, and innovative assembly techniques, Vision Marine delivers efficient and high-performing solutions for the marine industry.

 

Forward-Looking Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially. For a detailed discussion of these risks, refer to Vision Marine's Annual Report on Form 20-F for the year ended August 31, 2024, and other periodic filings with the SEC. Vision Marine does not undertake any obligation to update or revise forward-looking statements other than as required by law.

 

Investor and Company Contact:
Vision Marine Technologies
Bruce Nurse
(303) 919-2913
bn@v-mti.com

 

Website: visionmarinetechnologies.com
Twitter: @marine_vision
Facebook: @VisionMarineTechnologies
Instagram: @visionmarine.technologies
YouTube: @VisionMarineTechnologies