Bollinger Innovations Shares Fall After Decision to Transition to OTC Markets

MT Newswires Live10-11

Bollinger Innovations (BINI) shares fell 51% in recent Friday trading after the company said late Thursday its common stock will start trading on the OTCID market, starting Oct. 13.

The company notified Nasdaq of its intention to withdraw from a hearing process related to non-compliance with a listing rule and transition the common stock to OTC Markets, according to a statement.

Bollinger Innovations expects its stock to be suspended from Nasdaq trading on Oct. 13. It also expects Nasdaq to file Form 25 with the Securities and Exchange Commission to delist its shares from the exchange in the near term, according to the company.

Price: 0.68, Change: -0.72, Percent Change: -51.43

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