Vision Marine signs LOI for reverse takeover by undisclosed defense, UAV counterparty

• Vision Marine signed a non-binding LOI for a reverse takeover with an undisclosed private operating company focused on unmanned aerial vehicles.
• Counterparty shareholders would hold about 97.1% of the combined company at closing; Vision Marine securityholders about 2.9%.
• Up to 2.8% of additional contingent shares could lift Vision Marine holders to about 5.7%, tied to autonomy and sales milestones.
• Closing targeted by Dec. 31, 2026, subject to at least USD 25 million financing and USD 100 million in 2027 purchase orders.
• Shares expected to remain listed on Nasdaq, subject to exchange review.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-101613), on August 26, 2026, and is solely responsible for the information contained therein.