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
Bollinger Innovations stock tumbles after NASDAQ delisting announcement[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
Bollinger Innovations stock tumbles after NASDAQ delisting announcement[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"
Bollinger Innovations stock tumbles after NASDAQ delisting announcement[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
Bollinger Innovations stock tumbles after NASDAQ delisting announcement[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 .
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