Victory Marine Holdings Corp. (OTC:VMHG) Signs LOI for Luxury Golf Carts with Orion SV
The signing of new deals almost always brings significant attention to a stock, and this morning the Victory Marine Holdings Corp. (OTC:VMHG) stock could be in focus following a key development. The company, involved in the luxury yacht and marine products space, announced it inked an LOI (letter of intent) with the Orion SV.
Luxury Gold Carts Deal
In the news release, Victory Marine Holdings Corp announced that thanks to the LOI with Orion, the company would enable the latter to form the basis of a reverse takeover and publicly list in the United States. Orion is an innovative manufacturer of Italian-designed, American-made luxury golf carts. Thanks to the lead, it would also create the pathway for Orion to change the face of the LSV (low-speed vehicle) industry with its high performance and exquisitely designed offerings.
Further Information
It was further noted that the partnership with Victory Marine Holdings Corp. would help Orion in transforming its operations and status. Moreover, the fact that the company would become publicly traded would also help in raising more capital and speed up the growth in a noticeable way.
Key Quote
“This partnership with Victory Marine Holdings is a transformative step for Orion SV,” said Robert Rico, CEO of Orion SV. “Becoming a publicly traded company will accelerate our growth, expand our global presence, and allow us to share our vision of Italian-crafted luxury with enthusiasts everywhere.” Orion SV is preparing for the grand opening of its flagship showroom in Miami on July 18, 2025.
Technicals
| +/- EMA(20) | 0.0017 (+5.88%) |
| +/- SMA(50) | 0.0017 (+5.88%) |
| +/- SMA(200) | 0.0015 (+20.00%) |
| 5-Day Perf. | +5.88% |
| 1-Month Perf. | +20% |
| 3-Month Perf. | -21.74% |
| 6-Month Perf. | +50% |
| YTD Perf. | -10% |
| 1-Year Perf. | -25% |
| RSI(14) | 51.73 |
| ATR(14) | – |
| ADX(14) | 19.45 |
| Beta (5Y) | 0.45 |
