Bollinger Innovations

BINI

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

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

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

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

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

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

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

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.

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

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.