SCHEDULE 13G/A: FIL Limited and Affiliates Disclose Passive 0.6% Stake in Vision Marine Technologies Inc.
Ownership Disclosure
FIL Limited, along with Pandanus Partners, L.P. and Pandanus Associates, Inc., has disclosed a passive 0.6% beneficial ownership stake in Vision Marine Technologies Inc. as of December 31, 2024.
Summary
- FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. are the reporting persons in this Schedule 13G Amendment No. 1 filing.
- As of December 31, 2024, these entities collectively beneficially own 5,488 shares of Vision Marine Technologies Inc. common stock.
- This ownership represents 0.6% of the total outstanding common stock of Vision Marine Technologies Inc.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FIL Limited holds sole voting power and sole dispositive power over all 5,488 shares.
- Pandanus Partners, L.P. and Pandanus Associates, Inc. hold sole dispositive power over the 5,488 shares, but no voting power.
- The reporting persons have entered into a Rule 13d-1(k)(1) agreement for joint filing, indicating they are acting as a group.
- Pandanus Partners, L.P. owns voting stock of FIL Limited, typically representing between 25% and 48.5% of the total votes, and Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
Sentiment
Score: 5
Explanation: Neutral. This is a routine regulatory filing disclosing a passive ownership stake, with no positive or negative implications for the company's operations or financial health.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a passive ownership stake by an institutional investor group and does not provide information related to broader industry trends or competitive landscape for Vision Marine Technologies Inc.
Stakeholder Impact
- Minimal impact on shareholders as the disclosed stake is small (0.6%) and passive, indicating no intent to influence control or operations.
Key Dates
| Date | Description |
|---|---|
| 2022-12-19 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. |
| 2023-01-31 | Date of original Schedule 13G filing by FIL Limited (accession number -23-000005) where the Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Signature date of the Schedule 13G Amendment No. 1. |
Keywords
Vision Marine Technologies Inc., FIL Limited, Pandanus Partners, Pandanus Associates, Schedule 13G, beneficial ownership, common stock, passive investment, SEC filing, ownership disclosure
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