Bion cuts fully diluted shares by ~14.4M via settlements with legacy holders

BION ENVIRONMENTAL TECHNOLOGIES INC

Holders surrender obligations covering 22.9M potential shares for 8.1M shares, net reduction of ~14.4M.
Settlements with two affiliates (Lominy, Parlow) and three non-affiliates (Bassani spouse, Smith, Schafer).
Additionally, 1.3M expiring warrants cashless-exercised for 209,816 shares, cutting another 1.1M from dilutive count.
Effective September 15, 2025; shares to be issued by January 15, 2026.
CEO says cleanup removes barriers to strategic partnerships as company enters commercialization phase.

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