Fifty 1 Labs, Inc. Engages PCAOB Auditing Firm to Prepare for Uplist to OTCQB
Fifty 1 Labs continues to advance its portfolio of biotech and wellness initiatives
VANCOUVER, British Columbia, Sept. 23, 2025 (GLOBE NEWSWIRE) -- via IBN -- Fifty 1 Labs, Inc, () a Nevada-based holding company revolutionizing health, wellness, and biotech through AI-driven drug repurposing and functional medicine, today announced that it has signed a letter of engagement with a Public Company Accounting Oversight Board (PCAOB) registered auditing firm. The engagement covers audits of the Company's 2024 and 2025 financial statements.
The completion of these audits represents a critical step in Fifty 1 Labs' plan to uplist its shares to the OTCQB® Venture Market, an established marketplace operated by OTC Markets Group. The OTCQB tier requires companies to meet strict reporting, financial, and governance standards, including maintaining audited financials.
"Our engagement with a PCAOB auditing firm demonstrates Fifty 1 Labs' commitment to transparency, compliance, and the highest standards of corporate governance," said Paul Arora, CEO of Fifty 1 Labs, Inc. "By undertaking two full years of audits, we are building the foundation for an uplist to OTCQB and strengthening shareholder confidence in our financial reporting as we execute on our mission to transform biotech and functional medicine."
The Company believes that an OTCQB listing will broaden its visibility within the investment community, attract institutional and retail investors, and enhance overall liquidity in its stock.
Fifty 1 Labs continues to advance its portfolio of biotech and wellness initiatives, leveraging artificial intelligence to accelerate drug repurposing and advance personalized approaches to health through functional medicine.
Fifty 1 Labs recently announced the publication of a landmark technical primer on "transportability" methods in oncology real-world evidence (RWE). Authored by CTO Alind Gupta and CEO Paul Arora, the primer, published in the Journal of Comparative Effectiveness Research () showcases the company's leadership at the intersection of advanced statistics, AI, and oncology data.
About Fifty1 AI Labs
Fifty1 AI Labs, a subsidiary of Fifty1 Labs, Inc. (), is revolutionizing drug discovery by leveraging AI to unlock new potential in proven medicines. By repurposing safe, off-patent compounds, we accelerate smarter therapies that improve lives, reduce costs, and create lasting value for patients, partners, and forward-thinking investors.
Contact:
Investor Relations
Fifty1 Labs, Inc.
| (877) 505-5006
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this press release, including statements regarding the potential impact, development, and timeline of AI-powered drug repurposing, the scalability of transportability frameworks, and the ability of Fifty1 AI Labs' platform to transform oncology and global health outcomes, are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause the company's actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the success and timing of partnerships and projects, the efficacy and safety of repurposed treatments, regulatory approvals, and the company's ability to successfully develop and commercialize its technologies. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, please refer to Fifty1 Labs, Inc.'s filings with the OTC Markets. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
