secwatch.observer — SEC 8-K summary
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Issuer:     BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
CIK:        0000875729
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001079973-25-000657
Event type: litigation
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bion Environmental sued for $1.49M by Hamstra; forbearance on $500K note extended
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- Hamstra Builders seeks $1,494,512.72 in unpaid invoices for construction of Ammonia Recovery System at Fair Oaks, IN.
- Includes $653,915 owed to subcontractor Dilling Group, which filed separate suit on March 31, 2025.
- Verbally agreed to extend $500K secured convertible note via forbearance to July 15, 2025.
- Bion retained Indiana counsel; matter previously disclosed via mechanic's lien filed April 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875729/000107997325000657/0001079973-25-000657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875729/000107997325000657/bion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-25-000657

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