- Vision Marine Technologies Inc VMAR said its Board of Directors had authorized the repurchase of up to 10% of its common shares.
- The company plans to conduct the buyback through open market purchases or privately negotiated transactions.
- "We believe that our shares represent a unique value-driven opportunity, as the boating industry is at a critical inflection point regarding the transition to clean, cost-effective zero carbon emission watercraft," said Chairman Alan Gaines.
- The company intends to repurchase shares using the company's working capital.
- Price Action: VMAR shares closed lower by 5.79% at $5.21 on Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
