Vision Marine Technologies Enters Agreement to Sell 1400 S. Federal and Advances Florida Real Estate Optimization Supporting Approximately US$13.1 Million in Gross Proceeds, US$5.6 Million in Estimated Net Equity and US$3.5 Million in Annualized Cost Reductions

Vision Marine Technologies Enters Agreement to Sell 1400 S. Federal and Advances Florida Real Estate Optimization Supporting Approximately US$13.1 Million in Gross Proceeds, US$5.6 Million in Estimated Net Equity and US$3.5 Million in Annualized Cost Reductions

PR Newswire

FORT LAUDERDALE, Fla. and BOISBRIAND, QC, July 9, 2026

STRATEGIC REAL ESTATE MONETIZATION / OPERATIONAL OPTIMIZATIONStrategic real-estate monetization follows the completed consolidation of key office, retail, marina, service, rigging and delivery functions into Vision Marine's integrated Dania Beach and Fort Lauderdale waterfront operating platform.FORT LAUDERDALE, Fla. and BOISBRIAND, QC, July 9, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a marine technology and recreational boating company combining proprietary propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform, today announced that it has entered into an agreement to sell the property located at 1400 S. Federal Highway in Fort Lauderdale, Florida. The Company also provided an aggregate update on its pending real-estate optimization transactions involving the 1440 S. Federal property in Fort Lauderdale and the Palm City property.