---
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"
generated_at: "2026-05-18T02:57:22.737071+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bion Environmental enters second forbearance agreement extending BLG note maturity to Jan 2026; default continues

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-25-001185
- JSON: https://secwatch.observer/filing/0001079973-25-001185.json
- Plain text: https://secwatch.observer/filing/0001079973-25-001185.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.