{"schema_version":"secwatch.filing_event.v1","accession":"0001079973-25-001185","form_type":"8-K","ticker":"BNET","cik":"0000875729","company_name":"BION ENVIRONMENTAL TECHNOLOGIES INC","filed_at":"2025-07-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.542555+00:00","generated_at":"2026-05-18T02:57:22.737071+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bion Environmental enters second forbearance agreement extending BLG note maturity to Jan 2026; default continues","bullets":["Second Forbearance Agreement extends $500k BLG Note maturity to Jan 15, 2026; interest rate rises from 7.5% to 9%.","Company admitted default on raising $3M funding and inability to pay creditors; only $451k of $3M raised so far.","Up to $100k of additional Note funds available for legal fees in Fair Oaks construction litigation, disbursed proportionally to new investment.","Company must raise additional $2.549M by end of forbearance period or trigger a Forbearance Default.","Note is secured by company's intellectual property/patents; BLG LLC includes former director Turk Stovall and other affiliates."],"urls":{"canonical":"https://secwatch.observer/filing/0001079973-25-001185","json":"https://secwatch.observer/filing/0001079973-25-001185.json","markdown":"https://secwatch.observer/filing/0001079973-25-001185.md","text":"https://secwatch.observer/filing/0001079973-25-001185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/875729/000107997325001185/0001079973-25-001185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/875729/000107997325001185/bion_8k-alt.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T02:57:22.737071+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}