Embecta's 15-minute chart shows Bollinger Bands expanding downward, bearish marubozu pattern.
ByAinvest
Friday, Oct 10, 2025 11:34 am ET1min read
BINI--
The delisting stems from Bollinger's failure to meet NASDAQ's listing rule 5550(b)(2), which mandates a minimum market value of $35 million for listed securities. Although Bollinger initially sought a hearing to address the compliance issue, it subsequently withdrew from the NASDAQ hearings process. NASDAQ is expected to file an SEC Form 25 to finalize the delisting [1].
Despite the change in exchange, Bollinger will continue trading under the BINI ticker symbol and maintain its periodic reporting requirements under the Securities Exchange Act of 1934. The company's CEO and chairman, David Michery, described the move as "a logical and financially prudent step" that would "significantly reduce our administrative burden, directly reinvesting those savings into accelerating our business strategy" [1].
The company highlighted potential cost savings from reduced regulatory compliance and administrative requirements compared to maintaining a NASDAQ listing. Bollinger also indicated it may consider other OTC market tiers, including OTCQB, and potentially return to a national exchange in the future. Additionally, the EV manufacturer revealed plans to apply for listing on an international exchange, specifically mentioning the Alternative Investment Market of the London Stock Exchange as a possibility [1].
According to Embecta's 15-minute chart, the Bollinger Bands are currently expanding downward, indicating a bearish trend. The recent bearish Marubozu candlestick pattern at 10/10/2025 11:30 further reinforces this sentiment, suggesting that the market is being driven by sellers and that bearish momentum is likely to persist .
EMBC--
According to Embecta's 15-minute chart, the Bollinger Bands are currently expanding downward, indicating a bearish trend. The recent bearish Marubozu candlestick pattern at 10/10/2025 11:30 further reinforces this sentiment, suggesting that the market is being driven by sellers and that bearish momentum is likely to persist.
Bollinger Innovations Inc. (NASDAQ: BINI) experienced a significant downturn in its stock price following the announcement of its delisting from NASDAQ and subsequent transition to the OTCID market. On Friday, the electric vehicle manufacturer's stock plunged by 59.9% in premarket trading, with the move set to take effect on October 13, 2025 [1].The delisting stems from Bollinger's failure to meet NASDAQ's listing rule 5550(b)(2), which mandates a minimum market value of $35 million for listed securities. Although Bollinger initially sought a hearing to address the compliance issue, it subsequently withdrew from the NASDAQ hearings process. NASDAQ is expected to file an SEC Form 25 to finalize the delisting [1].
Despite the change in exchange, Bollinger will continue trading under the BINI ticker symbol and maintain its periodic reporting requirements under the Securities Exchange Act of 1934. The company's CEO and chairman, David Michery, described the move as "a logical and financially prudent step" that would "significantly reduce our administrative burden, directly reinvesting those savings into accelerating our business strategy" [1].
The company highlighted potential cost savings from reduced regulatory compliance and administrative requirements compared to maintaining a NASDAQ listing. Bollinger also indicated it may consider other OTC market tiers, including OTCQB, and potentially return to a national exchange in the future. Additionally, the EV manufacturer revealed plans to apply for listing on an international exchange, specifically mentioning the Alternative Investment Market of the London Stock Exchange as a possibility [1].
According to Embecta's 15-minute chart, the Bollinger Bands are currently expanding downward, indicating a bearish trend. The recent bearish Marubozu candlestick pattern at 10/10/2025 11:30 further reinforces this sentiment, suggesting that the market is being driven by sellers and that bearish momentum is likely to persist .
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet