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Vision Marine Technologies Activates Northpoint Inventory Financing Facility for Nautical Ventures

prnewswire.com
VMAR The article discusses the activation of an inventory financing facility, which provides flexibility for purchasing inventory and managing working capital. While this is a positive operational development, it doesn't directly indicate a change in the company's fundamental performance or market position.

Vision Marine Technologies Activates Northpoint Inventory Financing Facility for Nautical Ventures Pay-as-sold facility expands inventory purchasing flexibility while supporting disciplined working capital management.

FORT LAUDERDALE, Fla., Oct. 6, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company") today announced that a floor plan financing facility with Northpoint Commercial Finance LLC ("Northpoint") is active and available to support eligible inventory purchases across the Company's wholly owned Nautical Ventures Group Inc. ("Nautical Ventures") retail platform, subject to the facility's terms and borrowing requirements.

Northpoint has an established financing relationship with Nautical Ventures. The facility provides an inventory-financing resource that increases purchasing flexibility and enables Nautical Ventures to selectively replenish qualifying boats based on customer demand and retail sales activity.

Since acquiring Nautical Ventures in June 2025, Vision Marine has prioritized inventory discipline, efficient floor plan utilization and more efficient capital allocation. The Northpoint facility complements those initiatives by supporting targeted inventory purchases while the Company maintains close control over inventory levels and working-capital commitments.

"Activating this facility gives Nautical Ventures additional flexibility to replenish high-demand inventory while maintaining the disciplined approach to inventory and capital management we have implemented," said Alexandre Mongeon, Chief Executive Officer of Vision Marine. "We believe it strengthens our ability to respond to customer demand, support retail activity across our multi-brand platform and deploy working capital efficiently."

Floor plan financing is commonly used by marine dealerships to finance inventory held for retail sale. The Northpoint facility is intended to support demand-driven purchases of qualifying inventory across Nautical Ventures' marine brands, allowing the business to pursue retail opportunities while keeping inventory aligned with sales activity and market conditions.

The facility is expected to enhance Nautical Ventures' inventory-financing capabilities and support Vision Marine's broader strategy of improving working-capital efficiency across its integrated marine technology, retail, service and marina platform.

About Vision Marine Technologies Inc.

Vision Marine Technologies Inc. (NASDAQ: VMAR) is a marine technology and recreational boating company combining marine propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform.

Vision Marine's operations span marine technology development, recreational boat sales, service, marina operations and related boating activities, creating an integrated platform connecting technology, products and the end-user boating experience.

For more information, visit visionmarinetechnologies.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the intended use, continued availability and expected benefits of the Northpoint facility; Nautical Ventures' ability to finance and replenish eligible inventory; the Company's inventory-management and capital-allocation strategies; and its operational and strategic objectives. Forward-looking statements may be identified by words such as "expects," "intends," "plans," "may," "will," "could," "should," "believes" and similar expressions, although not all forward-looking statements contain these words.

Forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the availability of borrowings under the facility; the availability and continued effectiveness of the standby letter of credit; compliance with the facility's terms, conditions and borrowing requirements; the Company's ability to maintain access to financing and manage inventory and liquidity; operational execution; conditions in the recreational boating market; and other risks described in the Company's filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise these statements except as required by applicable law.

SOURCE Vision Marine Technologies, Inc