secwatch.observer — SEC 8-K summary
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Issuer:     BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
CIK:        0000875729
Form:       8-K
Filed at:   2026-07-14T17:03:31+00:00
Accession:  0001079973-26-000947
Event type: litigation
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bion settles Fair Oaks construction litigation; issues $1.77M convertible note to Hamstra
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- Settlement with Hamstra Builders dismisses all mechanics liens and litigation related to Fair Oaks Ammonia Recovery System construction.
- Bion issues $1,774,512.72 convertible promissory note to Hamstra: 10% interest, maturity Dec 31, 2026, cash payment of $653,915 at future financing, balance convertible at that financing price.
- All holders of Bion's Secured Convertible Notes and May 2024 Notes (maturity June 30, 2026) extend maturity to Dec 31, 2026; Bion Loan Group note extended to Jan 31, 2027.
- CEO Craig Scott says settlement completes cleanup of capital structure and readies company for recapitalization and growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875729/000107997326000947/0001079973-26-000947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875729/000107997326000947/bion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-000947

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