Aires Tech trades on three public stock exchanges: the CSE (WIFI) in Canada, the OTCQB (AAIRF) in the United States, and the FSE (A5A0) in Germany. The decision to take the company public rather than remain private shapes everything about how Aires operates: what we must disclose, who scrutinizes our claims, and what scientific standard our technology must meet.

Private vs. Public Companies: Key Differences

The most important differences between private and publicly traded companies relate to ownership, accountability, and capital access.

Private Companies

Private companies are owned by a limited group of investors including founders, management, and private equity firms. Their shares are not traded on public exchanges and are generally illiquid. The company is not required to disclose financial data, business strategies, or operational details to the public.

Publicly Traded Companies

Public companies are owned by a virtually unlimited number of investors, their shares trade on public exchanges, and they are required by law to disclose extensive information about their finances, operations, and strategies including significant events that could affect stock price. This disclosure structure creates accountability that private companies are not subject to.

How Being Public Strengthens Aires Tech

Capital: Public companies can raise money by issuing and selling shares, directed toward market expansion, new product research and development, and debt reduction.

Credibility: Being listed on major stock exchanges significantly elevates a company's profile. Listing status carries its own form of validation in the marketplace.

Transparency and trust: Public companies are required to disclose financial reports, corporate governance details, management background checks, board meeting records, and any significant events that could affect investors. This disclosure builds verifiable trust with customers, partners, and investors.

Partnership opportunities: Public market visibility creates business partnerships, collaborations, and growth opportunities that private companies rarely access.

What Disclosure Actually Requires

As CFO Vitaliy Savitsky explains:

"As a public company, we face much more stringent financial reporting, corporate governance, and oversight over the management team, including validating identities and clean records, and disclosing such things as bankruptcies and other legal records. We're required to establish a board of directors and hold regular shareholder meetings. We're also questioned by competition bureaus, regulators, securities exchanges, investors, banks, investment bankers, and other partners on our communications, press releases, and the credibility of our materials that substantiate our claims."

Investment banks and their legal teams put their reputations on the line when they help raise funds for a public company. Our 2019 IPO was a 3-year due diligence process led by Canaccord Genuity, who conducted an extensive review of our technology, peer-reviewed papers, and engaged outside expertise as needed. We went through a similar process with Eight Capital in Q2 2024.

This scrutiny is in investors' interests and in customers' interests. It means our technology and claims have withstood formal review by parties with significant reputations at stake.

What This Means for Our Science

As a publicly traded company, Aires Tech provides public access to all our patented technology. There is no room for unsubstantiated claims. In the health and wellness industry, private companies sometimes make exaggerated claims without accountability. As a public company, the legal and financial consequences of making unsupported scientific claims are severe.

Our research program includes peer-reviewed publications indexed in scientific journals, independent validation by the Planetary Association for Clean Energy (PACE) in Special Consultative Status with the UN Economic and Social Council (ECOSOC), and clinical EEG studies at independent institutions. All research is publicly available at airestech.com/pages/research-overview.