
Bollinger Innovations Transitions from Nasdaq to OTCID Market to Enhance Operational Flexibility
TL;DR
Bollinger Innovations gains operational flexibility and cost savings by moving to OTCID, allowing more resources for expanding its commercial EV market presence.
Bollinger Innovations will transition from Nasdaq to OTCID on October 13, 2025, following noncompliance with Listing Rule 5550(b)(2) while maintaining OTC disclosure standards.
Bollinger's move supports expanding commercial electric vehicle production, advancing sustainable transportation and reducing environmental impact through cleaner fleet options.
Bollinger Innovations continues producing Class 1 and Class 3 electric commercial vehicles while exploring international listings and potential future returns to national exchanges.
Bollinger Innovations, Inc. (NASDAQ: BINI), an electric vehicle manufacturer, will begin trading its common stock on the OTCID market effective October 13, 2025, maintaining the same BINI ticker symbol. This strategic transition follows the company's voluntary decision to withdraw from the Nasdaq hearings process after receiving notice of noncompliance with Listing Rule 5550(b)(2). The move represents a calculated shift in the company's market strategy aimed at balancing regulatory requirements with operational priorities.
The transition to the OTCID market, which operates as part of the broader OTC Markets platform, is designed to provide Bollinger Innovations with greater operational flexibility while reducing compliance-related costs. Company leadership emphasized that this strategic move will enable more efficient resource allocation toward expanding its commercial electric vehicle footprint. The automotive manufacturer expects its stock to be suspended from Nasdaq at market open on October 13 and immediately commence trading on the OTCID platform under the same symbol.
Bollinger Innovations maintains that the transition will not compromise investor transparency or engagement, citing the OTC market's enhanced disclosure standards as a mechanism for maintaining communication with shareholders. The company's commitment to transparency extends to its corporate communications, with investors able to access the latest news and updates through the company's dedicated newsroom at https://ibn.fm/BINI.
The Southern California-based automotive company operates a U.S. manufacturing facility in Tunica, Mississippi, where it produces its commercial electric vehicle lineup. Current offerings include the ONE, a Class 1 EV cargo van, and the THREE, a Class 3 EV cab chassis truck, both available for sale across the United States. The company's commercial dealer network consists of six established partners: Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, and Randy Marion Auto Group, providing comprehensive sales and service coverage in key West Coast, Midwest, Pacific Northwest, and Mid-Atlantic markets.
Bollinger Motors, the company's established EV truck division based in Oak Park, Michigan, has demonstrated significant progress in the commercial vehicle sector. The division recently achieved a major milestone with the September 16, 2024, production launch of its B4 Class 4 electric truck. Additionally, Bollinger Motors has developed an extensive dealer network comprising over 50 locations across the United States, ensuring robust sales and service support infrastructure for its growing customer base.
The market transition announcement was distributed through GreenEnergyStocks, a specialized communications platform focused on companies shaping the future of the green economy. As part of the Dynamic Brand Portfolio at IBN, GreenEnergyStocks provides comprehensive corporate communications solutions, including access to wire distribution networks, content syndication, and enhanced press release services. More information about the platform is available at https://www.GreenEnergyStocks.com.
Looking forward, Bollinger Innovations indicated it will continue evaluating OTC market tiers, potential international listings, and the possibility of returning to a national exchange in the future. This strategic flexibility allows the company to adapt its market presence according to evolving business needs and market conditions while maintaining focus on its core mission of advancing commercial electric vehicle technology and expanding its market position in the rapidly evolving transportation sector.
Curated from InvestorBrandNetwork (IBN)