Bion gets LOIs for 150K gal organic N fertilizer at $7/lb; note extended to July 15

BION ENVIRONMENTAL TECHNOLOGIES INC

Perfect Blend LOI for 50,000 gallons; Yield RMG LOI for 100,000 gallons; both at $7.00/lb FOB.
LOIs are non-binding; binding term contracts to follow once production facility and timelines determined.
Forbearance agreement with Bion BLG LLC extends $500K note maturity to July 15, 2025 at 9% interest, secured by IP.
Director Turk Stovall resigned; Stephen Posner appointed to board effective May 30, 2025.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Stephen Posner

Director

BNET · BION ENVIRONMENTAL TECHNOLOGIES INC

Effective: 2025-05-30
Filed: May 30, 2025, 7:59 PM ET

Mr. Stephen Posner agreed to become a member of the Board as ratified by the Board of Directors of the Company.

Departed

Turk Stovall

Director

BNET · BION ENVIRONMENTAL TECHNOLOGIES INC

Effective: 2025-05-30
Filed: May 30, 2025, 7:59 PM ET

the Company’s Board of Directors accepted the resignation of Turk Stovall from the Company’s Board of Directors, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Posner was appointed as Director at BION ENVIRONMENTAL TECHNOLOGIES INC.

Action: appointed
Role: Director

Exact text from the filing

Mr. Stephen Posner agreed to become a member of the Board as ratified by the Board of Directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Turk Stovall resigned as Director at BION ENVIRONMENTAL TECHNOLOGIES INC.

Action: resigned
Role: Director

Exact text from the filing

the Company’s Board of Directors accepted the resignation of Turk Stovall from the Company’s Board of Directors, effective immediately.

View on SEC.gov

BION ENVIRONMENTAL TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001079973-25-000960

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.