{"schema_version":"secwatch.filing_event.v1","accession":"0001079973-25-001576","form_type":"8-K","ticker":"BNET","cik":"0000875729","company_name":"BION ENVIRONMENTAL TECHNOLOGIES INC","filed_at":"2025-10-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.430438+00:00","generated_at":"2026-05-17T04:22:56.779590+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bion reduces fully diluted shares by ~14.4M via settlements exchanging obligations for 8.1M shares","bullets":["Board ratified settlement agreements with two affiliates and three non-affiliates converting various obligations into 8,101,746 common shares.","Forfeited instruments (deferred comp, convertible notes, warrants, options) could have added 22,498,405 shares; net reduction is 14,369,659.","Bassani Family Settlement: 7,200,000 shares; cancels ~$1.6M in notes and over 7M warrants.","Mark Smith Settlement: 400,000 shares; cancels $126,958 convertible note plus waives $84,664 deferred comp and $41,246 expenses.","Shares to be issued by January 15, 2026 or earlier upon holder election; all obligations settled."],"urls":{"canonical":"https://secwatch.observer/filing/0001079973-25-001576","json":"https://secwatch.observer/filing/0001079973-25-001576.json","markdown":"https://secwatch.observer/filing/0001079973-25-001576.md","text":"https://secwatch.observer/filing/0001079973-25-001576.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/875729/000107997325001576/0001079973-25-001576-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/875729/000107997325001576/bion_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:22:56.779590+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"}