Bion Completes Major Capital Structure Overhaul and Cleanup
Bion Environmental Technologies (OTC QB: BNET) has completed a significant capital structure overhaul, dramatically reducing potential dilution. The company eliminated legacy convertible obligations that could have resulted in 22,948,405 new shares, instead issuing only 8,101,746 shares of common stock, resulting in a net reduction of approximately 14,369,659 shares in fully diluted share count.
The restructuring involved settlements with both affiliates and non-affiliates, including family members of the late CEO and former directors. Additionally, 1,321,000 expiring warrants were exercised under cashless provisions, resulting in just 209,816 new shares, further reducing dilution by 1,111,184 shares.
Since April 2024, Bion has reduced its fully-diluted share count by over 24 million shares, positioning the company for strategic partnerships as it enters commercialization of its patented Ammonia Recovery System (ARS) technology.
Bion Environmental Technologies (OTC QB: BNET) ha completato una sostanziale riforma della struttura patrimoniale, riducendo drasticamente la diluizione potenziale. L'azienda ha eliminato obbligazioni convertibili storiche che avrebbero potuto generare 22,948,405 nuove azioni, emettendo invece solo 8,101,746 azioni ordinarie, con una riduzione netta di circa 14,369,659 azioni sul capitale pienamente diluito.
La ristrutturazione ha comportato compromessi sia con affiliati che con non-affiliati, inclusi familiari dell'amministratore delegato scomparso e ex membri del consiglio. Inoltre, 1,321,000 warrant in scadenza sono stati esercitati secondo le disposizioni a saldo in contanti, determinando solamente 209,816 nuove azioni, riducendo ulteriormente la diluizione di 1,111,184 azioni.
Da aprile 2024, Bion ha ridotto la propria quota azionaria totalmente diluita di oltre 24 milioni di azioni, posizionando l'azienda per partnership strategiche mentre entra nella commercializzazione della sua tecnologia brevettata Ammonia Recovery System (ARS).
Bion Environmental Technologies (OTC QB: BNET) ha completado una importante remodelación de su estructura de capital, reduciendo drásticamente la dilución potencial. La empresa eliminó obligaciones convertibles heredadas que podrían haber generado 22,948,405 nuevas acciones, emitiendo en su lugar solo 8,101,746 acciones comunes, resultando en una reducción neta de aproximadamente 14,369,659 acciones en el total de acciones totalmente diluidas.
La reestructuración involucró acuerdos con afiliados y no afiliados, incluidos familiares del ya fallecido CEO y exdirectores. Además, 1,321,000 warrants con vencimiento fueron ejercidos bajo disposiciones sin costo en efectivo, resultando en solo 209,816 nuevas acciones, reduciendo aún más la dilución en 1,111,184 acciones.
Desde abril de 2024, Bion ha reducido su número de acciones totalmente diluidas en más de 24 millones, posicionando a la empresa para asociaciones estratégicas al ingresar a la comercialización de su tecnología patentada Ammonia Recovery System (ARS).
Bion Environmental Technologies (OTC QB: BNET)는 자본 구조를 대대적으로 개편하여 잠재적 희석을 현저히 줄였습니다. 회사는 22,948,405주의 새로운 주식을 초래할 수 있던 기존 전환 의무를 제거했고, 대신에 8,101,746주 일반주만 발행하여 완전 희석 주식 수에서 약 14,369,659주의 순 감소를 가져왔습니다.
재구조화에는 가족 구성원을 포함한 교환 가능자와 비계열사 간의 합의가 포함되었습니다. 또한 만료 임박 권리 1,321,000주가 현금 없는 조항으로 행사되어 불과 209,816주의 신규 주식이 발행되었고, 추가로 1,111,184주의 희석이 더 감소했습니다.
2024년 4월 이후로 Bion은 완전 희석 주식 수를 2,400만 주 이상 줄여 전략적 파트너십을 위한 위치를 마련했고, 특허 받은 암모니아 회수 시스템(ARS) 기술의 상용화에 진입하고 있습니다.
Bion Environmental Technologies (OTC QB: BNET) a procédé à une refonte importante de sa structure financière, réduisant considérablement la dilution potentielle. L'entreprise a éliminé des obligations convertibles historiques qui auraient pu générer 22 948 405 nouvelles actions, émettant à la place seulement 8 101 746 actions ordinaires, ce qui entraîne une réduction nette d'environ 14 369 659 actions dans le nombre d'actions entièrement diluées.
La restructuration a impliqué des règlements avec des affiliés et des non-affiliés, y compris des membres de la famille de l'ancien PDG décédé et d'anciens administrateurs. De plus, 1 321 000 warrants arrivant à échéance ont été exercés selon des dispositions sans encaissement, ne donnant lieu qu'à 209 816 nouvelles actions, réduisant encore la dilution de 1 111 184 actions.
Depuis avril 2024, Bion a réduit son nombre d'actions entièrement diluées de plus de 24 millions, positionnant l'entreprise pour des partenariats stratégiques à mesure qu'elle entre dans la commercialisation de sa technologie brevetée Ammonia Recovery System (ARS).
Bion Environmental Technologies (OTC QB: BNET) hat eine bedeutende Strukturreform des Kapitals abgeschlossen und damit die Verwässerung deutlich reduziert. Das Unternehmen eliminierte legacy convertible Verbindlichkeiten, die 22.948.405 neue Aktien hätten ergeben können, und emittierte stattdessen nur 8.101.746 Stammaktien, was zu einer Nettoreduktion von ca. 14.369.659 Aktien der vollständig verwässerten Stückzahl führt.
Die Restrukturierung umfasste Vergleiche sowohl mit Affiliates als auch mit Nicht-Affiliates, darunter Familienmitglieder des verstorbenen CEO und ehemalige Direktoren. Zusätzlich wurden 1.321.000 auslaufende Warrants gemäß Cashless-Vorschriften ausgeübt, was lediglich 209.816 neue Aktien ergab und die Verwässerung um weitere 1.111.184 Aktien reduziertes.
Seit April 2024 hat Bion die vollständig verwässerte Aktienanzahl um über 24 Millionen Aktien reduziert und positioniert das Unternehmen für strategische Partnerschaften, während es in die Kommercialisierung seiner patentierten Ammonia Recovery System (ARS)-Technologie einsteigt.
Bion Environmental Technologies (OTC QB: BNET) أكملت إعادة هيكلة كبيرة للهياكل الرأسمالية، مما قلل بشكل كبير من الإذابة المحتملة. الشركة ألغت الالتزامات القابلة للتحويل القديمة التي كان من الممكن أن تؤدي إلى 22,948,405 سهماً جديداً، وصدرت بدلاً من ذلك 8,101,746 سهماً عاديّاً، مما أدى إلى انخفاض صافي يقارب 14,369,659 سهماً في عدد الأسهم القابلة للإذابة بالكامل.
وشملت إعادة الهيكلة تسويات مع وكلاء وشركات غير تابعة، بما في ذلك أفراد عائلة المدير التنفيذي الراحل وأعضاء مجلس الإدارة السابقين. بالإضافة إلى ذلك، تم ممارسة 1,321,000 warrants منتهية صلاحيتها وفقاً لأحكام بدون نقود، وهو ما أدى إلى إصدار فقط 209,816 سهماً جديداً، بخفض الإذابة بمقدار إضافي قدره 1,111,184 سهماً.
منذ أبريل 2024، خفّضت Bion عدد الأسهم المذابة بالكامل بأكثر من 24 مليون سهم، مما يضع الشركة في موقع للشراكات الاستراتيجية مع دخولها في تسويق تقنية Ammonia Recovery System (ARS) المسجلة باسمها.
Bion Environmental Technologies (OTC QB: BNET) 已完成重大资本结构改革，显著减少潜在的摊薄。公司取消可能导致 22,948,405 股新股的历史性可转换义务，而仅发行了 8,101,746 股普通股，使全摊薄股本净减少约 14,369,659 股。
此次重组涉及与关联方及非关联方的和解，包括已故首席执行官的家属及前董事。此外，在现金less条款下行使了 1,321,000 处于到期状态的认股权证，仅产生 209,816 股新股，进一步将摊薄减少了 1,111,184 股。
自2024年4月以来，Bion 将全摊薄股本减少超过 2,400万股，为在进入其专利 Ammonia Recovery System (ARS) 技术商业化时寻求战略伙伴关系奠定了基础。
- Net reduction of approximately 14.4 million shares in fully diluted share count
- Elimination of toxic convertible obligations and complex financial instruments
- Simplified capital structure and SEC reporting requirements
- Successful negotiation with legacy holders resulting in significantly fewer shares issued
- Company positioned better for strategic partnerships and commercialization
- Issuance of 8.1 million new shares of common stock
- Delayed share issuance until January 15, 2026 could create uncertainty
Billings, Montana, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in producing advanced organic nitrogen fertilizers from organic industrial and manure waste, announced it has simplified and reduced its capital structure by eliminating several legacy convertible obligations, deferred compensation, warrants, and options, and issuing substantially fewer shares to their holders.
The holders will surrender, in aggregate, obligations and security instruments that could have increased the Company’s outstanding shares by up to 22,948,405 shares, if all were converted or exercised. Eliminating these obligations will dramatically simplify Bion’s capital structure, as well as its accounting and SEC reporting. The holders will receive, in aggregate, 8,101,746 shares of common stock. The transactions will produce a net reduction in fully diluted shares of approximately 14,369,659 shares.
The settlements were with two affiliates of the Company—Danielle Lominy and Christopher Parlow, family members of the late Dominic Bassani, Bion’s former CEO—and three non-affiliates of the Company—Dominic Bassani’s spouse, Mark A. Smith, previously a Director and President, and Edward Schafer, previously a Director.
The transactions were effective September 15, 2025, pending formal documentation and execution. The shares will be issued on January 15, 2026, or earlier upon the election of the individual holders. When the formal agreements are executed and ratified by the Board, they will be attached as an exhibit to a SEC Form 8-K that will be filed by Bion. It should be noted, the current Bassani family and Smith settlements are in addition to a previous Giveback Agreement in April 2024, when they surrendered instruments representing 6,187,500 shares and 2,500,000 shares, respectively.
In addition to the settlements, 1,321,000 warrants, that were set to expire on September 15, 2025, were not extended. They were exercised under their cashless exercise provisions, resulting in the issuance of 209,816 shares. This further reduces the Company’s fully-diluted shares by 1,111,184 shares.
Craig Scott, Bion’s CEO, said, “When new leadership came in, our goal from day one was to simplify Bion, both in its goals and structure, and to maximize transparency. Our entry into commercialization has been very encouraging and we have begun a new phase: it is time to identify and choose our strategic partners and projects. It is mission-critical to clean up our capital structure and remove any barriers to establishing those relationships."
"We appreciate that these holders acknowledged the Company’s legacy capital structure problems and helped us solve them. Since April 2024, we’ve now pulled back more than 24 million shares from our fully-diluted share count, and we’ve eliminated the complicated and toxic overhang that made it so difficult to understand our potential value and how it could be affected by them.”
Bion Environmental Technologies’ patented Ammonia Recovery System (ARS) produces advanced organic and low-carbon nitrogen fertilizers from the problematic ammonia released when biogas is generated from animal manure and other organic waste streams, like food or food/bev processing. Recovering this valuable resource, instead of allowing it to escape to the environment, prevents air and water pollution, produces clean water for reuse or discharge, and improves the economics of livestock and biogas operations. Bion’s platform aligns with global trends toward circular economy models and low-carbon and low-impact fuels and agriculture. Website: https://bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words and phrases ‘will’, ‘if’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. Potential investors are urged to carefully review Bion’s SEC filings, including its Forms 10-K and 10-Q and the Risk Factors therein.
Contact Information:
Craig Scott, CEO
cscott@bionenviro.com
(406) 281-8178 (direct)
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