# EDGAR Filing Document

**Accession Number:** 0002041834
**File Stem:** 0001104659-25-099810
**Filing Date:** 2025-10
**Character Count:** 16818
**Document Hash:** e504b7f26112c23d64ac111deee1ed2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-099810.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001104659-25-099810

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BOLLINGER INNOVATIONS, INC.
- **CENTRAL INDEX KEY:** 0001499961
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 901025599
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85698
- **FILM NUMBER:** 251396116

**BUSINESS ADDRESS:**
- **STREET 1:** 1405 PIONEER STREET
- **CITY:** BREA
- **STATE:** CA
- **ZIP:** 92821
- **BUSINESS PHONE:** 7146131900

**MAIL ADDRESS:**
- **STREET 1:** 1405 PIONEER STREET
- **CITY:** BREA
- **STATE:** CA
- **ZIP:** 92821

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MULLEN AUTOMOTIVE INC.
- **DATE OF NAME CHANGE:** 20211108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Net Element, Inc.
- **DATE OF NAME CHANGE:** 20131206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Net Element International, Inc.
- **DATE OF NAME CHANGE:** 20121002
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Winvest Investment Fund Management Corp.
- **CENTRAL INDEX KEY:** 0002041834

**ORGANIZATION NAME:**
- **EIN:** 920251814
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** SKYLINE TOWER, 10900 NE 4TH STREET
- **STREET 2:** FLOOR 23
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004
- **BUSINESS PHONE:** (425) 331-9885

**MAIL ADDRESS:**
- **STREET 1:** SKYLINE TOWER, 10900 NE 4TH STREET
- **STREET 2:** FLOOR 23
- **CITY:** BELLEVUE
- **STATE:** WA
- **ZIP:** 98004

## Exhibit 99.1

**Exhibit 99.1**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, $0.001 par value per share, of Bollinger Innovations, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement.

Dated: October 15, 2025

---

| | |
|:---|:---|
| The Winvest Investment Fund Management Corp. | The Winvest Investment Fund Management Corp. |
| By: | /s/ Jourdan Matthews |
| Name: | Jourdan Matthews |
| Title: | Chief Executive Officer |
| /s/ Jourdan Matthews | /s/ Jourdan Matthews |
| Jourdan Matthews | Jourdan Matthews |

---

## Exhibit 99.2

**Exhibit 99.2**

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

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:

&nbsp;&nbsp;&nbsp;&nbsp;· strategies
 for securing $15 million or more in new funds;

&nbsp;&nbsp;&nbsp;&nbsp;· issuing
 a new dividend to shareholders immediately out of the $15 million or more in proposed new
 funding;

&nbsp;&nbsp;&nbsp;&nbsp;· the
 strategic acquisition of another NASDAQ-listed company to create a key subsidiary that funds
 large-scale debt reduction in Bollinger;

&nbsp;&nbsp;&nbsp;&nbsp;· spinning-off
 or winding down the least profitable segments of Bollinger; and

&nbsp;&nbsp;&nbsp;&nbsp;· creating
 a new investment arm for Bollinger, aimed at generating capital gains and interest income.

Commenting on Bollinger's potential, Mr. Matthews said: "The company has absolutely vast potential — only if it uses its most valuable asset, which I am proposing the company unleash immediately." Mr. Matthews also said of Bollinger: "Short interest is almost 1,500% right now and retail investors are furious; things have to change immediately, which is possible if the board manages its best asset correctly and uses it right away." Mr. Matthews emphasized that there is no assurance that any of Winvest's proposals will be adopted, and it is in the discretion of the board to take action on any or all of such proposals to improve the company. Bollinger has not endorsed these proposals.

About The Winvest Investment Fund Management Corp.

Winvest is a Seattle-based activist investment firm led by its CEO, Jourdan Matthews. Winvest was recently in the headlines for its involvement in a hostile takeover of then NASDAQ-listed LogicMark, Inc. (LGMK), demonstrating its bold approach to generating shareholder value through active board engagement. Follow Winvest on X at @yes_a_takeover.

"Had LogicMark embraced and prioritized the strategic proposals we recommended, they might have avoided being removed from NASDAQ, which occurred just months later." This highlights Winvest's shareholder-first focus through board engagement.

Looking ahead, Mr. Matthews is looking forward to working with the board on improving the company.

Contact Data

For media requests: (425) 331-9885

The Winvest Investment Fund Management Corp.

Skyline Tower 10900 NE 4th Street, Floor 23

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Bollinger Innovations, Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.001 per share**

*(Title of Class of Securities)*

**62526P877**

*(CUSIP Number)*

**Jourdan Matthews**<br>Skyline Tower 10900 NE 4th Street<br>Floor 23<br>Bellevue WA 98004<br>(425) 331-9885

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/10/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **62526P877** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Winvest Investment Fund Management Corp.** | Name of reporting person<br>**Winvest Investment Fund Management Corp.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

| **CUSIP No.** | **62526P877** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Mr. Jourdan Matthews** | Name of reporting person<br>**Mr. Jourdan Matthews** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.0%** | Percent of class represented by amount in Row (11)<br>**0.0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.001 per share

**(b) Name of Issuer:**
Bollinger Innovations, Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1405 Pioneer Street, Brea, CA, 92821

**Item 4. Purpose of Transaction**

On October 10, 2025, Winvest acquired 80,000 shares of Common Stock in the belief that such securities were an attractive investment and with the intent described in this paragraph.  Winvest issued a press release on October 10, 2025 disclosing certain intentions and proposals regarding the Issuer and the Common Stock, including asking the Issuer's CEO to maintain the Issuer's Nasdaq listing, potentially seeking 50% of the outstanding shares of Common Stock and board control via a tender offer at a 55% premium, or potentially seeking a board seat.  A copy of such press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.  Winvest sold its position on October 10, 2025 to mitigate the risk of adverse price movements in the Common Stock.  Winvest maintains the intentions and proposals as described in the press release.  Except as set forth in this Schedule 13D, none of the Reporting Persons currently has any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.  The Reporting Persons reserve the right to acquire, or cause to be acquired, additional securities of the Issuer, to dispose of, or cause to be disposed, such securities at any time or to formulate other purposes, plans or proposals regarding the Issuer or any of its securities (including without limitation plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D), to the extent deemed advisable in light of general investment and trading policies of the Reporting Persons, market conditions or other factors.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of the end of business on October 10, 2025, being the Event Date of this Schedule 13D, and as of the end of business on October 15, 2025, being the filing date of this Schedule 13D, the Reporting Persons did not beneficially own any shares of Common Stock.  Intraday on October 10, 2025, the Reporting Persons beneficially owned as many as 80,000 shares of Common Stock, representing 15.8% of all of the outstanding shares of Common Stock.  The forgoing percentage is based on 126,229,870 shares of Common Stock outstanding as of September 18, 2025, which became 504,919 shares outstanding on September 22, 2025 due to a 1-250 reverse stock split, all as reported in the Issuer's Form S-1/A filed with the SEC on September 19, 2025.

**(b)**
Winvest had, and Mr. Matthews may be deemed to have had, the sole power to vote or to direct the vote, and sole power to dispose or to direct the disposition, of the 80,000 shares of Common Stock held by Winvest intraday on October 10, 2025.

**(c)**
No transactions in the Common Stock have been effected by the Reporting Persons in the sixty (60) days prior to the filing date of this Schedule 13D, except for the following transactions effected by Winvest on the open market on October 10, 2025:

Type Quantity Price Per Share
Buy     4,000   $0.6499
Buy     1,000   $0.6470
Buy     1,000   $0.6668
Buy     1,000   $0.6620
Buy     8,000   $0.6563
Buy     1,000   $0.6409
Buy     1,700   $0.6301
Buy     1,330   $0.6197
Buy        570   $0.6143
Buy        900   $0.6094
Buy        200   $0.5876
Buy        500   $0.5877
Buy     2,000   $0.5980
Buy        900   $0.5893
Buy        162   $0.5975
Buy        838   $0.6000
Buy     1,000   $0.6001
Buy     2,000   $0.6001
Buy     2,100   $0.6000
Buy     2,900   $0.6001
Buy     3,000   $0.5976
Buy     1,000   $0.6001
Buy     1,000   $0.6000
Buy        500   $0.5950
Buy     1,000   $0.5925
Buy     4,108   $0.5930
Buy        658   $0.6070
Buy        842   $0.6071
Buy     2,000   $0.5971
Buy     1,892   $0.5962
Buy     1,000   $0.6134
Buy     2,000   $0.6168
Buy     2,000   $0.6086
Buy     1,000   $0.6090
Buy     1,000   $0.6091
Buy     1,000   $0.6093
Buy        800   $0.6050
Buy          26   $0.6138
Buy        474   $0.6149
Buy        500   $0.6032
Buy     1,000   $0.6035
Buy     1,000   $0.6058
Buy     3,000   $0.5871
Buy        500   $0.5857
Buy     5,000   $0.5801
Buy        600   $0.5755
Buy     2,300   $0.5750
Buy        200   $0.5711
Buy     1,000   $0.5750
Buy     1,000   $0.5750
Buy     1,000   $0.5750
Buy        961   $0.5750
Buy          39   $0.5749
Buy     1,000   $0.5951
Buy     2,500   $0.5701
Sell    (5,000)  $0.5820
Sell    (5,000)  $0.5814
Sell    (1,441)  $0.5820
Sell    (1,648)  $0.5701
Sell       (100)  $1.1000
Sell    (3,000)  $0.8850
Sell    (1,500)  $0.7355
Sell       (200)  $0.7182
Sell       (400)  $0.7163
Sell       (319)  $0.7244
Sell    (8,981)  $0.7162
Sell    (2,000)  $0.7282
Sell    (2,675)  $0.7429
Sell    (1,000)  $0.7479
Sell         (25)  $0.7444
Sell    (5,800)  $0.7407
Sell    (2,000)  $0.7000
Sell    (1,000)  $0.6900
Sell    (1,000)  $0.7021
Sell    (1,000)  $0.7100
Sell    (2,000)  $0.7054
Sell    (1,000)  $0.7093
Sell    (3,000)  $0.6583
Sell    (2,000)  $0.6713
Sell    (2,500)  $0.6700
Sell       (550)  $0.6700
Sell         (20)  $0.6700
Sell           (2)  $0.6700
Sell       (100)  $0.6611
Sell       (324)  $0.6601
Sell         (18)  $0.6611
Sell    (9,536)  $0.6600
Sell    (1,000)  $0.6837
Sell    (2,000)  $0.6798
Sell    (1,000)  $0.6750
Sell       (100)  $0.6752
Sell         (24)  $0.6788
Sell       (876)  $0.6750
Sell    (1,000)  $0.6650
Sell       (861)  $0.6759
Sell    (8,000)  $0.7002

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

None.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Winvest Investment Fund Management Corp.

**Signature:** /s/ Jourdan Matthews

**Name/Title:** Jourdan Matthews/Authorized Signatory

**Date:** 10/15/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Mr. Jourdan Matthews

**Signature:** /s/ Jourdan Matthews

**Name/Title:** Not Applicable

**Date:** 10/15/2025