Bloomberg: Independent's 15min chart triggers Bollinger Bands Expanding Downward, Bearish Marubozu

According to the 15-minute chart of Independent, the Bollinger Bands are currently expanding downward, and a bearish Marubozu was observed on October 10, 2025 at 12:30. This suggests that the market trend is being driven by sellers, and as a result, the bearish momentum is likely to continue.

Bollinger Innovations, Inc., an electric vehicle manufacturer, has announced its decision to commence trading on the OTC Markets, effective October 13, 2025. The move follows the company's withdrawal from the Nasdaq hearings process and aligns with its operating strategy to maximize asset value and reduce compliance and reporting costs.

The company will continue to trade under the stock ticker symbol, BINI, on the OTC Markets. The OTCID market, part of the broader OTC Markets, is designed to enhance investor confidence through higher corporate disclosure requirements and stronger tools for information sharing and engagement.

The OTC Markets offer a more flexible and cost-effective platform for public companies, with a range of reporting standards that are less stringent than those on major U.S. exchanges. By moving to the OTC Markets, Bollinger Innovations aims to allocate financial resources more effectively and gain operational flexibility.

Investors should be aware that the OTC Markets are a platform for companies that may be less known and potentially undervalued. The company's continued evaluation of various market tiers and potential international exchanges suggests a strategic approach to maximize shareholder value.

For more information, visit [Bollinger Innovations' press release](https://www.stocktitan.net/news/BINI/bollinger-innovations-announces-move-to-otc-markets-effective-monday-jdp862ytundg.html).