Vision Marine Technologies Inc. (NASDAQ:VMAR), a company specializing in electric marine propulsion and multi-brand boat retail, is advancing its post-acquisition integration of Nautical Ventures with a strategic auction of discontinued, overstocked and clearance parts inventory in Florida.
This initiative streamlines operations, reduces surplus stock, and repurposes facility space to expand service bays and electric integration capacity-reinforcing Vision Marine's disciplined approach to operational optimization. As part of this optimization, Vision Marine expects to reallocate approximately 5,000 square feet at its Fort Lauderdale waterfront marina to establish an integration center and sales office with direct water access.
The auction will run September 16-18, and will be conducted with Stampler Auctions (Harry Stampler). The catalog will be listed on Stampler Auctions' platform at stamplerauctions.com and is expected to return between $1.3 million and $1.8 million, providing a non-dilutive source of capital and further strengthening the Company's balance sheet.
"Operational optimization is central to how we are deploying the Nautical Ventures platform," said Alexandre Mongeon, Co-Founder and CEO of Vision Marine.
"By auctioning discontinued, overstocked and clearance parts inventory, we strengthen our capital position while freeing valuable facility capacity. This allows us to accelerate service, financing, and electric integration programs-the building blocks that convert a retail network into a scalable revenue engine."
VMAR shares dipped three cents, or 2%, to $1.47.
