Mullen Automotive's Bollinger Innovations Shares Plummet Amid OTC Market Transition

Bollinger Innovations shares have fallen after the company announced its decision to transition to OTC Markets. Bollinger Innovations is a subsidiary of Mullen Automotive, a technology and automotive company building commercial trucks with two vehicle plants in Mississippi and Indiana. The company operates a portfolio in the Commercial EV truck market with vehicles ranging from Class 1 to 6.

Bollinger Innovations, Inc. (NASDAQ: BINI), a subsidiary of Mullen Automotive, has seen its stock price fall following the announcement of its decision to transition to the OTC Markets. The move, set to take effect on October 13, 2025, aims to reduce regulatory burdens and costs associated with maintaining a Nasdaq listing Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].

The company, which specializes in commercial electric vehicles (EVs), has been struggling to meet Nasdaq's listing requirements. Specifically, the company was unable to maintain a market value of at least $35 million, as mandated by Nasdaq Listing Rule 5550(b)(2) Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1]. This inability to comply with the listing requirements prompted Bollinger Innovations to withdraw from the Nasdaq hearings process and transition to the OTC Markets.

The transition to the OTC Markets, which includes the OTCID market, is expected to provide several benefits. The move will significantly reduce administrative costs and allow for better resource allocation towards the company's business strategy, which includes expanding its electric vehicle offerings Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1]. Additionally, the OTC Markets offer enhanced investor access and engagement, which can improve trust and confidence among current and potential investors Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].

However, the decision to move to the OTC Markets has also raised concerns among investors. The withdrawal from the Nasdaq hearings process may signal financial instability or an inability to meet listing requirements of larger exchanges, potentially impacting investor confidence Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1]. Furthermore, the move to a less prestigious trading platform like the OTC Markets may limit visibility and access to institutional investors, which could impact the company's overall market presence Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].

Bollinger Innovations plans to evaluate further options within the OTC Markets and considers future listings on international exchanges to expand its market reach and investor base Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1]. The company aims to maintain an orderly trading market for its common stock despite the transition, which can contribute to stability in its stock performance Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].

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; and the Bollinger B4 chassis cab, an all-electric Class 4 commercial truck Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1]. All vehicles are available for sale in the U.S. and are in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and the California Air Resources Board (CARB) certifications Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].

Despite the recent stock decline, Bollinger Innovations remains committed to its growth strategy and believes the transition to the OTC Markets is a financially prudent step. The company expects the move to save expenses and allow for continued orderly trading of its common stock Bollinger Innovations, Inc. Announces Transition to OTC Markets for Common Stock Trading^[1].