Bollinger Innovations Announces Move to OTC Markets Effective Monday, Oct. 13, 2025

Core Viewpoint - Bollinger Innovations, Inc. is transitioning its common stock trading from Nasdaq to the OTC Markets to enhance operational flexibility and reduce compliance costs while maintaining investor access and trading under the ticker symbol BINI [1][2][4]. Group 1: Transition to OTC Markets - The move to the OTC Markets is aimed at maximizing asset value and reducing the administrative burden associated with Nasdaq's regulatory requirements [2][5]. - The OTC Markets provide a more flexible and cost-effective platform for public companies, allowing for better allocation of financial resources [2][5]. - Bollinger Innovations plans to evaluate various market tiers within the OTC Markets and may consider listing on an international exchange in the future [3][4]. Group 2: Compliance and Regulatory Background - Bollinger Innovations was informed by Nasdaq that it was not in compliance with the listing rule requiring a market value of at least $35 million [4]. - The company withdrew from the Nasdaq hearings process and expects its common stock to be suspended from trading on Nasdaq effective October 13, 2025 [4]. Group 3: Business Strategy and Product Line - The company is focused on expanding its commercial electric vehicle (EV) market footprint, with a lineup that includes the Mullen ONE, Mullen THREE, and Bollinger B4 chassis cab [5][6]. - All vehicles are compliant with U.S. Federal Motor Vehicle Safety Standards and environmental regulations [6][7]. - Bollinger Motors, a subsidiary, has established a dealer network with over 50 locations across the U.S. for sales and service support [8].