Winvest Seeks Majority Stake in Bollinger Innovations Amid Mullen Automotive's Growth

Jourdan Matthews, an activist investor at Winvest, is eyeing a majority stake in Bollinger Innovations, a company that operates in the commercial EV truck market. Bollinger Innovations includes medium-duty truck classes 4-6, along with sport utility and pickup trucks electric vehicles segments. Winvest's investment would give the company control over Bollinger Innovations' operations and strategy.

Seattle, Oct. 10, 2025 — Activist investor Jourdan Matthews, CEO of The Winvest Investment Fund Management Corp., has announced that Winvest is seeking a majority stake in Bollinger Innovations, Inc. [Ticker: BINI], a company operating in the commercial electric vehicle (EV) truck market. Winvest aims to acquire a controlling position through a tender offer supported by the board or by securing a board seat to implement strategic changes 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 Strategies, and Advocate Spin-Off^[1].

Bollinger Innovations specializes in medium-duty truck classes 4-6, along with sport utility and pickup truck EV segments. Winvest's acquisition proposal includes securing at least $15 million in new funds, issuing a dividend to shareholders, strategic acquisitions, and operational restructuring. Matthews emphasizes the potential of Bollinger, stating that "the company has vast potential — only if it uses its most valuable asset correctly and immediately" 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 Strategies, and Advocate Spin-Off^[1].

Winvest's involvement in a previous hostile takeover of LogicMark, Inc. (LGMK) showcases its bold approach to shareholder value generation through active board engagement. Matthews believes that Bollinger's current high short interest and retail investor frustration necessitate immediate changes 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 Strategies, and Advocate Spin-Off^[1].

The Winvest Investment Fund Management Corp. is based in Seattle and is led by Matthews. The company's latest proposal for Bollinger Innovations highlights Winvest's focus on shareholder value and operational improvement. Matthews is optimistic about collaborating with the board to enhance the company's performance 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 Strategies, and Advocate Spin-Off^[1].

For media inquiries, contact Winvest at (425) 331-9885.