Artificial Intelligence Technology Solutions, Inc. (AITX) announced on October 31, 2024, its upcoming transition to the newly established OTCID Market, effective July 2025. This move signifies the company's continued commitment to the highest levels of compliance and transparency within the investment community.
The OTCID Market will formally recognize companies that meet future current information reporting requirements, which AITX has consistently exceeded since 2019 by filing periodic reports and material events with the Securities and Exchange Commission (SEC). SEC reports demand greater disclosure, including detailed financial statements, management discussions, and adherence to Sarbanes-Oxley Act standards.
CEO Steve Reinharz stated that this transition reflects AITX's ongoing journey towards a potential uplisting to NASDAQ. The company's dedication to robust disclosure and corporate governance standards is aimed at building trust and delivering long-term value to its shareholders.
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