Bollinger Innovations, Inc. - Common Stock (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, including:

Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced that its common stock will begin trading on the OTCID market, part of the broader OTC Markets, effective Oct. 13, 2025, under the same ticker symbol, BINI. The move is designed to provide greater operational flexibility and reduce compliance-related costs while maintaining transparency and investor engagement through the OTC’s enhanced disclosure standards. The transition follows the company’s decision to withdraw from the Nasdaq hearings process after receiving notice of noncompliance with Listing Rule 5550(b)(2). Bollinger expects its stock to be suspended from Nasdaq at the open on Oct. 13 and immediately commence trading on OTCID. The company said the shift will enable more efficient resource allocation to expand its commercial EV footprint while continuing to evaluate OTC market tiers, potential international listings, and a possible future return to a national exchange.

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

The Trump administration has scrapped $7.6 billion in clean energy grants, singling out projects located exclusively in states that supported Kamala Harris in the 2024 election. The move has sparked concerns that energy policy is now being shaped by political boundaries rather than technical or economic considerations.

British battery electric vehicle sales surged nearly one-third in September compared to the previous year, reaching 72,800 units. The record figures followed the UK government’s July reintroduction of electric car grants worth up to £3,750 ($5,035), responding to intense carmaker lobbying about struggles meeting mandatory zero-emission vehicle targets.

Texas-based electric vehicle giant Tesla has raised lease prices across its U.S. lineup this week after federal EV tax credits expired, passing lost subsidies directly to customers. The Model Y now carries monthly lease costs of $529 to $599, up $50 to $70 from prior $479-$529 rates, while purchase prices remain unchanged.

Bollinger Innovations (NASDAQ: BINI), an electric vehicle manufacturer, announced it has signed an agreement with Ariel Fleet Holdings for 30 Mullen THREE EV trucks and four Mullen ONE EV cargo vans to be deployed with FedEx Independent Service Providers, Advanced Logistics Systems, and Springbok Holdings across North Carolina, Virginia, and the mid-Atlantic region. The deal underscores growing adoption of Bollinger’s commercial EV lineup—including the Mullen ONE, Mullen THREE, and Bollinger B4 Chassis Cab—all certified to U.S. federal safety, EPA, and CARB standards for clean transportation solutions.