secwatch.observer — SEC 8-K summary
======================================

Issuer:     BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
CIK:        0000875729
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001079973-24-001333
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bion gets $500k commitment from board group; OMRI certifies nitrogen fertilizer for organic use
--------------------------------------------------------------------------------

- Group led by three new board members commits up to $500k via secured convertible note; terms not finalized.
- Proceeds to maintain operations until larger offering; interim CEO admits company ran out of cash and leadership.
- Commercial 10-0-0 nitrogen fertilizer OMRI Listed for organic use, allowing sales to organic farmers.
- OMRI listing is second for Bion, first for a concentrated commercial product; can be applied via drip irrigation.
- Fertilizer derived from patented Ammonia Recovery System captures ammonia from livestock manure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875729/000107997324001333/0001079973-24-001333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875729/000107997324001333/bion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-24-001333

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer