secwatch.observer — SEC 8-K summary
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Issuer:     BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
CIK:        0000875729
Form:       8-K
Filed at:   2026-08-27T20:06:47+00:00
Accession:  0001079973-26-001186
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bion settles lease dispute with $162.5K convertible note; lease payments suspended
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- Bion issued $162,500 convertible promissory note to landlord North Prairie Holdings for delinquent rent at Fair Oaks facility.
- Note bears 10% interest, matures Jan 3, 2027 or upon $2M+ qualified financing; converts at financing price.
- Monthly $6,250 lease payments suspended and added to note principal until maturity or financing.
- On qualified financing, Bion pays $50k cash; balance converts to common stock at investor price.
- Company cites severe cash flow constraints and historical management/financial challenges; settlement avoids litigation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875729/000107997326001186/0001079973-26-001186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875729/000107997326001186/bion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-26-001186

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