Bollinger Innovations Announces Move to OTC Markets Effective Monday, Oct. 13, 2025
Bollinger Innovations (BINI) will move its common stock from Nasdaq to the OTC Markets (OTCID) effective Monday, Oct. 13, 2025, continuing to trade under the ticker BINI. The company withdrew from the Nasdaq hearings process after Nasdaq staff informed it it was not in compliance with Listing Rule 5550(b)(2), which requires a market value of listed securities of at least $35 million. Bollinger expects Nasdaq to suspend trading and file a Form 25 to delist in the near term, while Bollinger will remain subject to periodic reporting under the Exchange Act. The company said the move reduces exchange fees and administrative burden, plans to evaluate OTCQB and possible international listings including AIM, and will reallocate savings to its commercial EV strategy and product lineup.
Bollinger Innovations (BINI) sposterà le sue azioni ordinarie dalla Nasdaq ai mercati OTC (OTCID) con effetto lunedì 13 ottobre 2025, continuando a essere negoziate sotto il ticker BINI. L'azienda si è ritirata dal processo di udienze Nasdaq dopo che lo staff della Nasdaq l'ha informata che non era in conformità con Listing Rule 5550(b)(2), che richiede un valore di mercato delle securites quotate di almeno $35 milioni. Bollinger si aspetta che Nasdaq sospenda la negoziazione e presenti un Form 25 per la delistazione nel breve termine, mentre Bollinger resterà soggetta a segnalazioni periodiche ai sensi del Exchange Act. L'azienda ha dichiarato che la mossa riduce le spese di scambio e l'onere amministrativo, intende valutare OTCQB e possibili quotazioni internazionali, inclusa AIM, e redistribuirà i risparmi alla sua strategia commerciale per veicoli elettrici e al portfolio di prodotti.
Bollinger Innovations (BINI) trasladará sus acciones ordinarias de Nasdaq a OTC Markets (OTCID) a partir del lunes 13 de octubre de 2025, continuando a cotizar bajo el ticker BINI. La empresa se retiró del proceso de audiencias de Nasdaq después de que el personal de Nasdaq le informara que no cumplía con la Regla de Listado 5550(b)(2), que exige un valor de mercado de valores listados de al menos $35 millones. Bollinger espera que Nasdaq suspenda la negociación y presente un Formulario 25 para la baja en el listado en un corto plazo, mientras Bollinger continuará sujeto a reportes periódicos bajo la Ley de Intercambio. La compañía dijo que el cambio reduce las tarifas de intercambio y la carga administrativa, planea evaluar OTCQB y posibles listados internacionales, incluido AIM, y reasignará los ahorros a su estrategia de vehículos eléctricos comerciales y al portafolio de productos.
Bollinger Innovations (BINI)는 보통주를 나스닥에서 OTC Markets (OTCID)로 이전할 것이며, 2025년 10월 13일 월요일부터 유효하게 적용되고, 여전히 티커 BINI로 거래됩니다. 회사는 나스닥 직원이 Listing Rule 5550(b)(2)를 준수하지 않는다고 통보한 후 나스닥 청문 절차에서 물러났으며, 이 규칙은 상장증권의 시가총액이 최소 $35백만 달러 이상이어야 한다고 요구합니다. Bollinger는 나스닥이 거래를 정지하고 가까운 시일 내에 Form 25를 제출해 상장폐지를 할 것으로 예상하는 반면, Bollinger는 거래소법에 의거한 정기 보고 대상이 계속됩니다. 이 조치가 거래소 수수료와 행정 부담을 줄이며, OTCQB 평가와 AIM을 포함한 국제 상장 가능성도 검토하고, 절감액을 상업용 전기차 전략과 제품 라인업에 재배치할 것이라고 회사는 말했습니다.
Bollinger Innovations (BINI) déplace ses actions ordinaires de Nasdaq vers les OTC Markets (OTCID) avec effet à partir du lundi 13 octobre 2025, continuant à être négocié sous le symbole BINI. L'entreprise s'est retirée du processus d'auditions de Nasdaq après que le personnel de Nasdaq a informé qu'elle n'était pas conforme à la Listing Rule 5550(b)(2), qui exige une valeur marchande des titres cotés d'au moins 35 millions de dollars. Bollinger s'attend à ce que Nasdaq suspend les échanges et dépose un Form 25 pour la radiation à court terme, tandis que Bollinger restera soumis à des rapports périodiques en vertu de la Exchange Act. L'entreprise a déclaré que ce déplacement réduit les frais d'échange et la charge administrative, envisage d'évaluer l'OTCQB et les cotations internationales possibles, y compris AIM, et réaffectera les économies à sa stratégie commerciale EV et à sa gamme de produits.
Bollinger Innovations (BINI) wird seine Stammaktien von der Nasdaq auf die OTC Markets (OTCID) mit Wirkung Montag, 13. Oktober 2025 verlagern, und weiterhin unter dem Ticker BINI gehandelt werden. Das Unternehmen zog sich aus dem Nasdaq-Hörungsverfahren zurück, nachdem Nasdaq-Mitarbeiter es darüber informiert hatten, dass es nicht konform mit Listing Rule 5550(b)(2) sei, die einen Marktwert der gelisteten Wertpapiere von mindestens 35 Mio. USD vorschreibt. Bollinger rechnet damit, dass Nasdaq den Handel aussetzt und in naher Zukunft ein Form 25 zur Abmeldung einreicht, während Bollinger weiterhin der regelmäßigen Berichterstattung gemäß dem Exchange Act unterliegt. Das Unternehmen sagte, der Schritt reduziere Börsengebühren und administrative Belastungen, prüfe OTCQB und mögliche internationale Listings, einschließlich AIM, und werde die Einsparungen in seine kommerzielle EV-Strategie und Produktpalette umschichten.
Bollinger Innovations (BINI) ستنقل أسهمها العادية من ناسداك إلى الأسواق الأمريكيّة OTC Markets (OTCID) اعتباراً من الاثنين 13 أكتوبر 2025، وستستمر في التداول تحت رمز التداول BINI. سحبت الشركة نفسها من عملية جلسات الاستماع في ناسداك بعد أن أبلغه موظفو ناسداك بأنها ليست متوافقة مع Listing Rule 5550(b)(2)، التي تشترط قيمة سوقية للأوراق المالية المدرجة لا تقل عن 35 مليون دولار. تتوقع Bollinger أن تقوم Nasdaq بتعليق التداول وتقديم نموذج 25 لإلغاء الإدراج في المدى القريب، بينما ستظل Bollinger خاضعة للتقارير الدورية بموجب قانون الأوراق المالية. وقالت الشركة إن الخطوة تقلل من رسوم البورصة والعبء الإداري، وتخطط لتقييم OTCQB وطرح إدراجات دولية محتملة بما فيها AIM، وسيتم إعادة تخصيص المدخرات لاستراتيجيتها التجارية للسيارات الكهربائية التجارية ولوائح منتجاتها.
Bollinger Innovations (BINI) 将于2025年10月13日星期一起，将普通股从纳斯达克转至 OTC Markets (OTCID)，并继续以代码 BINI 交易。公司在纳斯达克人员通知其未遵守Listing Rule 5550(b)(2)，该规则要求上市证券的市值至少为$35,000,000后退出了纳斯达克听证程序。Bollinger 预计纳斯达克将暂停交易并在近期提交 Form 25 以退市，而 Bollinger 将继续受到《交易法》下的定期报告义务。公司表示，此举将降低交易所费用和行政负担，计划评估 OTCQB 及包括 AIM 在内的国际上市可能，并将节省的成本重新投入到其商用电动车策略和产品阵容中。
- Trading to commence on OTCID on Oct 13, 2025
- Company cites reduced exchange fees and administrative burden
- Company will remain subject to periodic SEC reporting
- Company evaluating OTCQB and potential international listing on AIM
- Nasdaq informed company of noncompliance with Rule 5550(b)(2) requiring $35 million market value
- Expected suspension and delisting from Nasdaq following Oct 13, 2025 transition
- Move from Nasdaq may reduce liquidity and investor visibility versus a national exchange
Insights
Bollinger shifts from Nasdaq to OTC on
Bollinger Innovations will suspend trading on Nasdaq and commence trading on the OTCID tier of the OTC Markets on
The change alters market visibility and liquidity: OTC listings typically have lower investor coverage and thinner trading than national exchanges, even if the OTCID tier requires enhanced disclosure. The company remains subject to periodic reporting under the Exchange Act and says it will evaluate OTCQB or an international listing such as AIM as future steps. Key operational dependencies include maintaining filings to satisfy OTCID disclosure standards and successfully reallocating the saved expenses toward commercial execution.
Watch for Nasdaq to file SEC Form 25 and for the expected suspension and OTC commencement on
Bollinger’s common stock will be traded on the OTC Markets to align with Company’s operating strategy and to provide critical investor access and trading
The move follows Bollinger’s withdrawal from the Nasdaq hearings process
The Company will continue to trade under stock ticker symbol, BINI, on the OTC Markets
The Company will continue to evaluate the various market tiers available within OTC Markets, as well as trading on an international exchange
BREA, Calif., Oct. 09, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an electric vehicle manufacturer, today announces that its common stock will commence trading on the OTCID market, which is part of the broader OTC Markets (the “OTC Markets”), effective, Monday, Oct. 13, 2025. The Company will continue to trade under stock ticker symbol, BINI. The OTCID market is designed to enhance investor confidence by requiring higher levels of corporate disclosure while offering stronger tools for information sharing and engagement.
Moving to the OTC Markets allows the Company to continue maximizing the value of its assets versus the regulatory requirements, the time management must dedicate to compliance and reporting, and the costs involved in maintaining a listing on the Nasdaq Stock Market (“Nasdaq”). The OTC Markets give investors access to many companies that may be less known and undervalued. The OTC Markets are also a far more flexible and cost-effective platform for public companies offering a range of reporting standards with less stringent requirements than the other major U.S. exchanges. The Company believes it will be able to better allocate financial resources that would otherwise be spent on higher exchange fees. This will allow Bollinger Innovations the operational flexibility necessary to execute its overall business strategy expanding its commercial EV market footprint. The Company believes that the transition to the OTC Markets will save expenses and should allow for a continued orderly trading market for its common stock.
The Company will continue to evaluate the various market tiers available within OTC Markets, including the OTCQB, as well as a possible return to a national exchange in the future. Along with Company’s North American (domestic) trading strategy, the Company also plans to apply to list its securities on an international exchange to provide global trading coverage, including the Alternative Investment Market, a sub-market of the London Stock Exchange.
As previously reported in the Company’s Current Reports on Form 8-K filed with the SEC on Feb. 28, 2025, and Aug. 29, 2025, the Staff of Nasdaq informed the Company that it was not in compliance, and had not regained compliance, with Nasdaq Listing Rule 5550(b)(2), which requires a market value of listed securities of at least
"Moving to the OTC Markets is a logical and financially prudent step for Bollinger Innovations,” said David Michery, CEO and chairman of Bollinger Innovations and Bollinger Motors. “It allows us to significantly reduce our administrative burden, directly reinvesting those savings into accelerating our business strategy. We remain fully committed towards our investors as we continue our growth forward.”
The Company’s commercial EV lineup includes the Mullen ONE, a Class 1 urban delivery EV cargo van; the Mullen THREE, a Class 3 urban utility EV cab chassis truck purpose-built to meet the demands of urban last-mile delivery and service; and the Bollinger B4 chassis cab, an all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input.
All vehicles are available for sale in the U.S. and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (“CARB”) certifications denoting strict adherence to clean air emissions standards.
About Bollinger Innovations
Bollinger Innovations (NASDAQ: BINI) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with a U.S. based vehicle manufacturing facility located in Tunica, Mississippi. Both the ONE, a Class 1 EV cargo van, and THREE, a Class 3 EV cab chassis truck, are available for sale in the U.S. The Company’s commercial dealer network consists of six dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets.
Bollinger Motors, of Oak Park, Michigan, is an established EV truck company of Bollinger Innovations. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support.
To learn more about the Company, visit www.BollingerEV.com.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Innovations and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company will satisfy the listing qualifications of another market of the OTC Markets, including the OTCQB; what impact the move from Nasdaq to the OTC Markets will have on the Company; that there is no guarantee that brokers will continue to make a market in the Company’s common stock or that trading thereof will continue on the OTC Markets or otherwise; expected timing of the change of the listing of the common stock from Nasdaq to the OTC Markets; the potential benefits to be realized by the transfer of its listing to the OTC Markets and whether eliminating the effort and cost required to maintain compliance with Nasdaq's continued listing standards will better enable it to currently focus on its business strategy; and whether the Company will satisfy the listing criteria and be approved for trading on an international stock exchange or be able return to a U.S. national exchange in the future. Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Innovations’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Innovations’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Innovations’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Innovations’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Innovations’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Innovations ‘ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Innovations’ business; (x) Bollinger Innovations’ ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Bollinger Innovations with the Securities and Exchange Commission. Bollinger Innovations anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Innovations’ plans and expectations as of any subsequent date.
Contact:
Bollinger Innovations, Inc.
+1 (714) 613-1900
www.BollingerEV.com
Corporate Communications:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512-354-7000 Office
Editor@InvestorBrandNetwork.com
FAQ
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