E-Cite Motors Approved for Upgrade to OTCID Tier - Ticker Symbol to Transition to (OTCID:VAPR) on July 1st, 2025
E-Cite Motors (OTC PINK:VAPR) has been approved to upgrade from "Pink Current" to the new "OTCID" tier on OTC Markets, effective July 1st, 2025. The company's ticker will transition to (OTCID:VAPR), requiring no action from shareholders. This upgrade reflects enhanced disclosure requirements and transparency standards.
The OTCID tier is a new market category replacing the Pink Current tier for companies meeting stricter standards. E-Cite, a low-volume electric vehicle manufacturer, operates under special regulatory exemptions allowing faster market entry and lower costs compared to traditional OEMs. The company is currently expanding its U.S. manufacturing initiatives and developing multiple electric vehicle models including RJ, RT, and GT series.
E-Cite Motors (OTC PINK:VAPR) è stata approvata per passare dal livello "Pink Current" al nuovo livello "OTCID" su OTC Markets, a partire dal 1° luglio 2025. Il ticker della società cambierà in (OTCID:VAPR), senza necessità di alcuna azione da parte degli azionisti. Questo aggiornamento riflette requisiti di divulgazione e standard di trasparenza più elevati.
Il livello OTCID è una nuova categoria di mercato che sostituisce il livello Pink Current per le aziende che soddisfano criteri più rigorosi. E-Cite, un produttore di veicoli elettrici a basso volume, opera sotto speciali esenzioni regolamentari che permettono un ingresso più rapido nel mercato e costi inferiori rispetto ai produttori tradizionali. Attualmente, l'azienda sta espandendo le sue iniziative di produzione negli Stati Uniti e sviluppando diversi modelli di veicoli elettrici, tra cui le serie RJ, RT e GT.
E-Cite Motors (OTC PINK:VAPR) ha sido aprobada para ascender del nivel "Pink Current" al nuevo nivel "OTCID" en OTC Markets, con vigencia a partir del 1 de julio de 2025. El símbolo de la empresa cambiará a (OTCID:VAPR), sin que los accionistas deban realizar ninguna acción. Esta actualización refleja requisitos mejorados de divulgación y estándares de transparencia.
El nivel OTCID es una nueva categoría de mercado que reemplaza al nivel Pink Current para compañías que cumplen con estándares más estrictos. E-Cite, un fabricante de vehículos eléctricos de bajo volumen, opera bajo exenciones regulatorias especiales que permiten una entrada más rápida al mercado y costos menores en comparación con los fabricantes tradicionales. Actualmente, la empresa está expandiendo sus iniciativas de fabricación en EE.UU. y desarrollando varios modelos de vehículos eléctricos, incluyendo las series RJ, RT y GT.
E-Cite Motors (OTC PINK:VAPR)는 2025년 7월 1일부터 OTC Markets에서 "Pink Current" 등급에서 새로운 "OTCID" 등급으로 승격 승인받았습니다. 회사의 티커는 (OTCID:VAPR)로 변경되며, 주주들은 별도의 조치를 취할 필요가 없습니다. 이번 등급 승격은 향상된 공시 요건과 투명성 기준을 반영합니다.
OTCID 등급은 더 엄격한 기준을 충족하는 기업을 위해 Pink Current 등급을 대체하는 새로운 시장 카테고리입니다. 저용량 전기차 제조업체인 E-Cite는 전통적인 OEM에 비해 빠른 시장 진입과 낮은 비용을 가능하게 하는 특별 규제 면제 하에 운영되고 있습니다. 현재 미국 내 제조 사업을 확장 중이며 RJ, RT, GT 시리즈를 포함한 여러 전기차 모델을 개발하고 있습니다.
E-Cite Motors (OTC PINK:VAPR) a été approuvée pour passer du niveau "Pink Current" au nouveau niveau "OTCID" sur OTC Markets, à compter du 1er juillet 2025. Le symbole boursier de la société deviendra (OTCID:VAPR), sans aucune action requise de la part des actionnaires. Cette mise à niveau reflète des exigences accrues en matière de divulgation et de transparence.
Le niveau OTCID est une nouvelle catégorie de marché qui remplace le niveau Pink Current pour les entreprises répondant à des normes plus strictes. E-Cite, un fabricant de véhicules électriques à faible volume, opère sous des exemptions réglementaires spéciales permettant une entrée plus rapide sur le marché et des coûts inférieurs par rapport aux fabricants traditionnels. La société est actuellement en train d'étendre ses initiatives de production aux États-Unis et développe plusieurs modèles de véhicules électriques, y compris les séries RJ, RT et GT.
E-Cite Motors (OTC PINK:VAPR) wurde genehmigt, ab dem 1. Juli 2025 vom "Pink Current"-Status in die neue "OTCID"-Kategorie bei OTC Markets aufzusteigen. Das Tickersymbol des Unternehmens wird auf (OTCID:VAPR) wechseln, ohne dass Aktionäre etwas unternehmen müssen. Dieses Upgrade spiegelt verbesserte Offenlegungsanforderungen und Transparenzstandards wider.
Die OTCID-Kategorie ist eine neue Marktstufe, die die Pink Current-Stufe für Unternehmen ersetzt, die strengere Standards erfüllen. E-Cite, ein Hersteller von Elektrofahrzeugen mit geringem Volumen, operiert unter speziellen regulatorischen Ausnahmen, die einen schnelleren Markteintritt und geringere Kosten im Vergleich zu traditionellen OEMs ermöglichen. Das Unternehmen erweitert derzeit seine Fertigungsinitiativen in den USA und entwickelt mehrere Elektrofahrzeugmodelle, darunter die Serien RJ, RT und GT.
- Upgrade to OTCID tier signals enhanced transparency and credibility to investors
- Special low-volume vehicle manufacturing exemption enables faster market entry and lower costs
- Expanding U.S. manufacturing footprint with domestic component sourcing
- Development of multiple EV models (RJ, RT, and GT series) showing product line growth
- Companies not meeting new OTCID requirements will face downgrade after July 1, 2025
- Still trading on OTC markets rather than major exchanges
E-Cite has met all requirements and has been officially approved to upgrade from the "Pink Current" tier to the "OTCID" tier on the OTC Markets platform.
BOTHELL, WASHINGTON / ACCESS Newswire / May 29, 2025 / Innovative EV Technologies dba E-Cite Motors Group, formerly known as VaporBrands International, Inc. (OTC PINK:VAPR), a next-generation low-volume electric vehicle manufacturer, today announced that it has met all requirements and has been officially approved to upgrade from the "Pink Current" tier to the "OTCID" tier on the OTC Markets platform.
As part of this advancement, the Company's ticker symbol will officially transition to (OTCID: VAPR) on July 1st, 2025, reflecting its new status. The stock will continue to trade without interruption, and no action is required by shareholders as a result of the change.
The OTCID (Over-the-Counter Integrated Disclosure) is a new market tier introduced by OTC Markets Group, set to replace the current Pink Current tier starting July 1, 2025 for Companies that meet the new standards and disclosure requirements. Companies that do not meet the new requirements will be downgraded.
"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 and positioning ourselves as a credible leader in the EV revolution. It lays the foundation for deeper investor confidence and broader market reach as we aggressively scale operations." said Barry Henthorn, CEO of E-Cite Motors Group.
This significant milestone marks a major step forward in the company's growth trajectory and transparency, enhancing visibility and credibility in the eyes of institutional and retail investors alike.
Strategic Importance of the Upgrade
The move to the OTCID tier demonstrates E-Cite's commitment to greater financial transparency, increased investor communications, and enhanced regulatory compliance. It also unlocks expanded capabilities for investor outreach and digital profile management, allowing E-Cite to more effectively showcase its innovations and market position to a global investment audience.
"This upgrade reflects the hard work and operational discipline we've implemented across all areas of our business," said Gene Langmesser, COO of E-Cite Motors Group. "It positions us for broader exposure, improved market perception, and stronger investor confidence as we continue to disrupt the automotive space."
What This Means for Investors
The OTCIQ upgrade opens the door to a broader class of institutional and sophisticated investors who require a higher level of disclosure and access. It also signals that E-Cite Motors is not only executing on its EV vision but is doing so with the infrastructure and integrity investors demand. The upgrade to the OTCID tier is a significant step in E-Cite's evolution, increasing transparency, credibility, and access to institutional and retail investors seeking greater disclosure and corporate engagement. It positions the Company alongside more established and investor-focused public entities while supporting its mission to redefine the electric vehicle space.
E-Cite's Recent Accomplishments
E-Cite's elevation comes amid a string of strategic achievements, including:
Accelerated U.S. Manufacturing Initiatives: E-Cite has begun expanding its domestic production footprint, including sourcing and assembling key components in the U.S., capitalizing on favorable trade and tariff developments.
Innovative Vehicle Platform Exempt from Traditional Regulatory Hurdles: Thanks to a special low-volume vehicle designation, E-Cite can bring cutting-edge models to market significantly faster and at lower cost than traditional OEMs.
Expanding Product Line: The company is actively developing multiple electric vehicle models, RJ, RT, and GT series, tailored for modern performance, safety, and sustainability.
Partnership Leverage: E-Cite continues to benefit from strategic alliances that support both innovation and scale.
Unlike conventional automakers, E-Cite Motors operates under a specialized low-volume vehicle manufacturing exemption. This designation allows the Company to develop and bring new vehicles to market much faster and at significantly lower cost, bypassing many of the expensive and time-consuming regulatory hurdles faced by legacy OEMs.
E-Cite's platform is engineered to be modular, scalable, and regulatory-efficient, providing the flexibility to respond rapidly to consumer demand and market trends while reducing capital requirements and time to market.
About E-Cite Motors (Innovative EV Technologies, Inc.)
Innovative EV Technologies, Inc., doing business as E-Cite Motors, is a publicly traded company based in Bothell, Washington, developing state-of-the-art electric vehicles that incorporate the latest technologies with a flare of some of the iconic autos of the past. As an approved low-volume vehicle manufacturer, E-Cite leverages a revolutionary modular chassis and special regulatory exemptions to produce affordable, high-performance EVs on accelerated timelines. By combining modern electric powertrain innovation with classic design inspirations, E-Cite Motors aims to deliver uniquely appealing vehicles to the market while driving the revival of American automotive manufacturing.
Contact:
Barry Henthorn - CEO
ceo@ecitemotors.com
SOURCE: Innovative EV Technologies dba E-Cite Motors
View the original press release on ACCESS Newswire
FAQ
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