Activist Investor Takes 9.99% Stake in Bollinger Innovations, Inc. Asks CEO to Maintain Nasdaq Listing, Seeks 50% of Shares and Board Control Via Tender Offer at 55% Premium Now or to Seek Board Seat; and to Propose Dividend, Bring New Funding Source Stra

SEATTLE, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Activist investor Jourdan Matthews, CEO of The Winvest Investment Fund Management Corp., announced today that Winvest is interested in acquiring a majority stake in Bollinger Innovations, Inc. [Ticker:BINI] via a tender offer with the support of the board or, alternatively, will seek a board seat to improve operations. Winvest acquired its current stake to open board discussions for Winvest's numerous proposals for growth

GlobeNewsWire • Oct 10, 2025

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

Bollinger's common stock will be traded on the OTC Markets to align with Company's operating strategy and to provide critical investor access and trading

GlobeNewsWire • Oct 9, 2025

Bollinger Innovations Signs Agreement with Ariel Fleet Holdings to Provide FedEx ISPs, Advanced Logistics Systems and Springbok Holdings with 34 Commercial EVs for Last Mile Deliveries

Ariel Fleet Holdings will deploy 30 Class 3 and four Class 1 fleet EVs to Advanced Logistics Systems and Springbok Holdlings, both Independent Service Providers for FedEx Corporation who operate in North Carolina and Virginia Ariel Fleet Holdings will deploy 30 Class 3 and four Class 1 fleet EVs to Advanced Logistics Systems and Springbok Holdlings, both Independent Service Providers for FedEx Corporation who operate in North Carolina and Virginia

GlobeNewsWire • Oct 2, 2025

Bollinger Innovations, Inc. Announces Reverse Stock Split Effective Sept. 22, 2025

This will be the last reverse stock split Bollinger initiates for the next three years This will be the last reverse stock split Bollinger initiates for the next three years

GlobeNewsWire • Sep 18, 2025

Bollinger Innovations Takes Further Cost Cutting Actions Resulting in Reducing Its Quarterly Cash Burn from $21.2M to $8.9M; a 58% Quarterly Decrease

Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to grow Company is reducing expenses without affecting marketing, sales and manufacturing capabilities while sales momentum continues to grow

GlobeNewsWire • Sep 15, 2025

Bollinger Innovations Announces Additional Cost Cutting Measures

Company cost cutting initiatives include additional staff cuts and closing of facilities to further reduce overall operating expenses

GlobeNewsWire • Sep 2, 2025

Bollinger Motors Adds Ziegler Truck Group, Range Truck Group to National Sales and Service Network

Industry leaders bolster Bollinger Motors presence in Minnesota, Wisconsin, Iowa and Washington Industry leaders bolster Bollinger Motors presence in Minnesota, Wisconsin, Iowa and Washington

GlobeNewsWire • Sep 2, 2025

Bollinger Innovations, Inc. Announces Quarterly Results for 3 and 9 Months Ended June 30, 2025

Company continues to reduce cash burn; including recently initiating strategic move of Bollinger B4 manufacturing from Roush Industries in Michigan to Company-owned plant in Tunica, Miss.

GlobeNewsWire • Aug 14, 2025

BOLLINGER INNOVATIONS OFFERS $7,500 PRICE ADJUSTMENT ON MULLEN BRANDED CLASS 1, CLASS 3 COMMERCIAL EVs; MATCHES FEDERAL INCENTIVE

Price adjustment, combined with federal tax credit, provides $15,000 in savings Price adjustment, combined with federal tax credit, provides $15,000 in savings

GlobeNewsWire • Aug 6, 2025

Bollinger Innovations Strengthens Balance Sheet by Eliminating all Warrants and $25.3 Million of Convertible Notes

Company increases shareholder equity by approximately $133 million Company expects shareholder equity to exceed Nasdaq listing requirements BREA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- via IBN – Bollinger Innovations, Inc. (NASDAQ: BINI) (“Bollinger Innovations” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that the Company has eliminated all warrants and $25.3 million of convertible notes, strengthening its balance sheet.

GlobeNewsWire • Jul 29, 2025