Why is Vision Marine Technologies stock surging today?
Vision Marine Technologies (VMAR) stock rose nearly 10% after a 1-for-10 reverse stock split took effect, trading at $7.90. The split aims to meet Nasdaq's $1 minimum price requirement. The company also announced a non-binding LOI for a potential business combination with a privately held UAV and defense tech firm, targeting deal completion by year-end. Additionally, VMAR filed a new patent and plans to delist from the TSX Venture Exchange.







