Bion Environmental settles Fair Oaks landlord dispute

BION ENVIRONMENTAL TECHNOLOGIES, INC.

Rhea-AI Filing Summary

BION ENVIRONMENTAL TECHNOLOGIES, INC. (BNET) reported that on August 25, 2026 it entered into a Settlement and Mutual Release Agreement with North Prairie Holdings, LLC, the landlord of the Newton County, Indiana property where Bion's Ammonia Recovery System demonstration facility at Fair Oaks is located. In connection with the settlement, a related convertible promissory note was issued by Bion Group with an initial principal amount of $162,500.00. The detailed terms of the settlement and note are set out in the attached exhibits.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Initial principal amount of NPH Convertible Promissory Note: $162,500.00 Date of Settlement and Mutual Release Agreement: August 25, 2026 Report signature date: August 27, 2026

3 metrics

Initial principal amount of NPH Convertible Promissory Note $162,500.00 Initial principal amount of the convertible promissory note issued by Bion Group in connection with the settlement

Date of Settlement and Mutual Release Agreement August 25, 2026 Date Bion executed the Settlement and Mutual Release Agreement with North Prairie Holdings, LLC

Report signature date August 27, 2026 Date the 8-K was signed by Interim Chief Executive Officer Stephen Craig Scott

Key Terms

Settlement and Mutual Release Agreement, convertible promissory note, Ammonia Recovery System

3 terms

Settlement and Mutual Release Agreement legal

"executed a Settlement and Mutual Release Agreement with North Prairie Holdings, LLC"

convertible promissory note financial

"together with a related convertible promissory note issued by Bion Group"

A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.

Ammonia Recovery System technical

"on which Bion's Ammonia Recovery System demonstration facility at Fair Oaks is located"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BNET announce regarding its Fair Oaks facility landlord dispute?

BION Environmental Technologies, Inc. announced a Settlement and Mutual Release Agreement dated August 25, 2026 with North Prairie Holdings, LLC, the landlord of the Newton County, Indiana property where Bion's Ammonia Recovery System demonstration facility at Fair Oaks is located.

Did BNET issue any debt as part of the North Prairie settlement?

Yes. In connection with the settlement, Bion Group issued a convertible promissory note with an initial principal amount of $162,500.00. The note’s detailed terms are contained in the filed exhibit titled “NPH Convertible Promissory Note.”

Who is the counterparty to BNET’s settlement related to the Indiana property?

The counterparty is North Prairie Holdings, LLC, which is the landlord of the real property in Newton County, Indiana on which BION Environmental Technologies, Inc.’s Ammonia Recovery System demonstration facility at Fair Oaks is located.

What exhibits did BNET file with this 8-K related to the settlement?

The company filed exhibit 10.1, the “NPH Settlement and Mutual Release Agreement,” and exhibit 10.2, the “NPH Convertible Promissory Note,” along with exhibit 104, the cover page interactive data file.

Who signed the BNET 8-K reporting the settlement?

The report was signed on behalf of BION Environmental Technologies, Inc. by Stephen Craig Scott, who is identified as the company’s Interim Chief Executive Officer.

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Available on EDGAR 08/27/2026 - 04:07 PM EDT Accepted by SEC EDGAR 08/27/2026 - 04:06 PM EDT Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT  

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 27, 2026 (August 25, 2026)

BION ENVIRONMENTAL TECHNOLOGIES, INC.

Exact name of Registrant as Specified in its Charter

Colorado		000-19333		84-1176672
State or Other Jurisdiction of Incorporation		Commission File Number		IRS Employer Identification Number

9 East Park Court

Old Bethpage, New York 11804

Address of Principal Executive Offices, Including Zip Code

406-839-0816

Registrant's Telephone Number, Including Area Code

Not applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01 Other Events

On August 25, 2026, Bion Environmental Technologies, Inc. (“Bion”) executed a Settlement and Mutual Release Agreement with North Prairie Holdings, LLC, the landlord of the real property in Newton County, Indiana on which Bion's Ammonia Recovery System demonstration facility at Fair Oaks is located, together with a related convertible promissory note issued by Bion Group in the initial principal amount of $162,500.00. The Settlement Agreement and Note are attached as exhibits hereto, and reference is made to those exhibits for a complete description of their respective terms.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits 

Exhibit No.		Description
10.1		NPH Settlement and Mutual Release Agreement
10.2		NPH Convertible Promissory Note
104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BION ENVIRONMENTAL TECHNOLOGIES, INC.
	By:	/s/ Stephen Craig Scott
Date: August 27, 2026	Name: Title:	Stephen Craig Scott Interim Chief Executive Officer

Filing Exhibits & Attachments

5 documents

Other Documents

• EX-10 NPH SETTLEMENT AND MUTUAL RELEASE AGREEMENT 29.9 KB
• EX-10 NPH CONVERTIBLE PROMISSORY NOTE 60.1 KB
• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.8 KB