Activist Investor Targets Bollinger Innovations With Strategic Moves
New York, Friday, 10 October 2025.
An activist investor has acquired a 9.99% stake in Bollinger Innovations, initiating a tender offer with a 55% premium for 50% of shares and board control, aiming to shift the company’s strategic direction.
Activist Investor Acquisition and Strategic Intent
On October 10, 2025, Jourdan Matthews, CEO of The Winvest Investment Fund Management Corp., announced the acquisition of a 9.99% stake in Bollinger Innovations, Inc. (BINI). Matthews aims to acquire a 50% shareholding in the company and gain control over the board through a tender offer that includes a 55% premium over the current share price. This approach is designed to influence the company’s strategic direction, focusing on maintaining its Nasdaq listing and exploring new avenues for growth [1].
Proposed Strategic Changes
The investment moves by Winvest are part of a broader strategy that includes securing at least $15 million in new funding, proposing a new dividend issuance, and considering the acquisition of another Nasdaq-listed entity to establish a subsidiary aimed at reducing Bollinger’s large-scale debt. Additionally, Matthews is advocating for the spin-off or winding down of Bollinger’s less profitable segments to streamline operations and enhance financial performance [1].
Market Reactions and Company Position
Following the announcement, Bollinger Innovations’ stock, trading under the ticker BINI, experienced a sharp decline of approximately 60% on October 10, 2025. This drop occurred after the company confirmed plans to transition its stock from the Nasdaq Exchange to the OTC Markets, citing cost savings and reduced regulatory burdens as primary reasons. CEO David Michery stated that this move would allow Bollinger to reinvest resources into accelerating its business strategy [2].
Challenges and Market Outlook
Despite Winvest’s optimistic outlook, Bollinger Innovations faces significant challenges, including high leverage and negative cash flows, which have contributed to its precarious financial position. Analysts have rated BINI stock as ‘Underperform,’ highlighting concerns over profitability and the company’s overall financial health. This skeptical view underscores the necessity for Bollinger to reassess its financial and strategic priorities amidst ongoing market pressures [2].