Vision Marine Technologies entered into a non-binding agreement regarding its acquisition by a company whose name has not been disclosed.

Vision Marine Technologies announced that it had entered into a non-binding letter of intent with a private operating company regarding an acquisition by an unnamed company. The specific terms and timetable of the acquisition negotiations have not been disclosed.

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The story

Vision Marine Technologies (VMAR) announced that it had entered into a non-binding letter of intent with a private operating company whose name has not been disclosed.

The counterparty is described as a private operating company, and further developments regarding the proposed business combination remain unclear.

At a glance

EventVision Marine entered into a non-binding letter of intent with a company whose name has not been disclosed

PartnerThe acquisition counterparty, described as a private operating company

TimingAnnouncement made this Monday; signing of the letter of intent disclosed last week

NatureExecution of a non-binding letter of intent

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