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Vision Marine Technologies Inc. Appoints Pierre-Yves Terrisse as New Director - Feb 2025 Update

$VMAR
Form 6-K
Filed on: 2025-02-12
Source
Vision Marine Technologies Inc. Appoints Pierre-Yves Terrisse as New Director - Feb 2025 Update

Based on the provided section of the financial report (Form 6-K) from Vision Marine Technologies Inc., here are the key insights and information extracted:

  1. Document Overview:
  • Form Type: 6-K (Report of Foreign Private Issuer)
  • Date of Report: February 12, 2025
  • Commission File Number: 001-39730
  1. Company Information:
  • Name: Vision Marine Technologies Inc.
  • Address: 730 Boulevard du Curé-Boivin, Boisbriand, Québec, J7G 2A7, Canada
  1. Key Announcement:
  • Appointment of New Director: Pierre-Yves Terrisse has been appointed to the Board of Directors effective February 10, 2025.
  • Background of Pierre-Yves Terrisse:
    • Previous roles include Vice President of Corporate Development at NanoXplore, with experience in investment banking, institutional equity sales, and corporate strategy.
    • He has a proven track record in financing, mergers and acquisitions, and market positioning, which will support Vision Marine's growth strategy in the electric marine sector.
  1. Press Releases:
  • A press release regarding Pierre-Yves Terrisse's appointment was issued on February 11, 2025 (Exhibit 99.1).
  • Another press release dated January 16, 2025, announced the closing of a private placement (Exhibit 99.2).
  1. Incorporation by Reference:
  • The information in this report, excluding the attached press releases, is incorporated by reference into various registration statements (Form F-3 and Form S-8).
  1. Signatures:
  • The report was signed by Raffi Sossoyan, Chief Financial Officer of Vision Marine Technologies Inc., on February 12, 2025.

Insights:

  • The appointment of Pierre-Yves Terrisse is a strategic move aimed at enhancing the company’s financial and strategic expertise, which suggests a focus on growth and possibly future acquisitions or financing initiatives.
  • The press releases indicate ongoing operational activities, such as a private placement for capital, which may suggest efforts to fund future projects or expansions.
  • The incorporation of this report into other registration statements may indicate upcoming capital-raising activities or regulatory compliance requirements.

This consolidation of information reflects Vision Marine Technologies' strategic direction and financial positioning as of early 2025.