- E-Cite Motors (OTC PINK:VAPR) will upgrade to the "OTCID" tier on July 1st, 2025, using the new ticker (OTCID:VAPR).
- This upgrade introduces enhanced disclosure and transparency standards, potentially attracting more investors.
- The company benefits from a low-volume manufacturing exemption, expediting vehicle development and reducing costs.
E-Cite Motors, currently operating under the ticker (OTC PINK:VAPR), is set to upgrade its tier from "Pink Current" to the newly established "OTCID" on the OTC Markets platform, effective July 1st, 2025. This strategic maneuver involves the transition of its ticker to (OTCID:VAPR), aligning the company with stricter disclosure and transparency criteria without requiring any shareholder intervention.
The introduction of the OTCID tier marks a significant evolution for companies like E-Cite, which seek to enhance their market visibility and credibility. This upgraded status is poised to attract a broader range of institutional and sophisticated investors who prioritize higher transparency and disclosure levels.
E-Cite's advancement to the OTCID tier coincides with its strategic expansion of U.S. manufacturing initiatives, including sourcing key components domestically. The company's unique low-volume manufacturing exemption allows it to develop electric vehicle models rapidly, bypassing many regulatory hurdles standard for larger OEMs. E-Cite is currently focusing on several models, including the RJ, RT, and GT series, aiming to revolutionize the electric vehicle landscape with performance, safety, and sustainability as core tenets.
This upgrade underscores E-Cite Motors' commitment to providing greater financial transparency and enhanced investor communications. "Upgrading to the OTCID tier is more than a technical milestone; it's a reflection of our long-term commitment to building value for our shareholders," commented Barry Henthorn, CEO of E-Cite Motors Group.
