UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission File No. 001-39730
VISION MARINE TECHNOLOGIES INC.
(Translation of registrant's name into English)
730 Boulevard du Cure-Boivin
Boisbriand, Quebec, J7G 2A7, Canada
(Address of principal executive office)
Indicate by check mark whether the registrantfiles or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F
x
Form 40-F
..
Indicate by check mark if the registrant is submittingthe Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1)
..
Indicate by check mark if the registrant is submittingthe Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7)
..
Changes in Registrant's Certifying Accountant
Departure of Independent Registered Public Accounting Firm
On May 6, 2024, Ernst & Young LLP ("EY"),the independent registered public
accounting firm of Vision Marine Technologies Inc. (the "Company"), notified
the Companythat effective May 6, 2024 it will not stand for reappointment as
the independent registered public accounting firm of the Company forthe fiscal
year ending August 31, 2024.
EY's audit reports on the Company'sconsolidated financial statements as of and
for the fiscal years ended August 31, 2023, and 2022 did not contain any
adverse opinion ora disclaimer of opinion and were not qualified or modified
as to uncertainty, audit scope or accounting principles. Additionally,during
the fiscal years ended August 31, 2023 and August 31, 2022, and for the
subsequent interim periods ended November 30, 2023 andFebruary 29, 2024, there
were no (i) disagreements between the Company and EY on any matter of
accounting principles or practices, financialstatement disclosure or auditing
scope or procedure, any of which, if not resolved to EY's satisfaction, would
have caused EY tomake reference thereto in its audit report on the financial
statements of the Company for such period, or (ii) "reportable events"within
the meaning of Item 16F(a)(1)(v) of Form 20-F, except that, in connection with
the preparation of the Company's consolidatedfinancial statements as of August
31, 2023 and 2022, EY and management identified material weaknesses in the
Company's internalcontrols as described in the Company's Annual Reports on
Form 20-F for the years ended August 31, 2023 and 2022.
The Company provided EY with a copy of this disclosurebefore its filing with
the United States Securities and Exchange Commission (the "SEC"). The Company
has requested, and EYhas furnished, a letter to the SEC stating whether it
agrees with the above statements. A copy of that letter dated May 17, 2024 is
filedas Exhibit 16.1. to this Form 6-K.
The Audit Committee of the Board of Directorsof the Company is now engaged in
interviewing and selecting a replacement independent accountant to perform the
upcoming audit for thefiscal year ended August 31, 2024.
Other Events
The Company is obligatedunder the listing standards of the Canadian Securities
Administrators to file a notice of the change of auditors with SEDAR which
canbe found at www.sedar.com.
General
The information contained in this Report on Form6-K (excluding the exhibit) is
hereby incorporated by reference into our Registration Statement on Form F-3
(File No. 333-267893) andRegistration Statement on Form S-8 (File No.
333-264089).
Financial Statements and Exhibits.
(d)
Exhibits.
The following documentsare herewith filed or furnished as exhibits to this
report:
Exhibit No Description
.
16.1 Letter of Ernst & Young LLP dated May 17, 2024
SIGNATURE
Pursuant to the requirementsof the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereuntoduly authorized.
VISION MARINE TECHNOLOGIES INC.
Date: May 17, 2024 By: /s/ Raffi Sossoyan
Name: Raffi Sossoyan
Title: Chief Financial Officer
Exhibit 16.1
May 17, 2024
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read the Form 6-K dated May 17, 2024 of Vision Marine TechnologiesInc.
and are in agreement with the statements contained in the first, second and
third paragraphs on page 2 therein. We have no basisto agree or disagree with
other statements of the registrant contained therein.
/s/ Ernst & Young LLP
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