Bion Environmental (BNET) pushes secured and May 2024 convertible note maturities to June 2026

Rhea-AI Filing Summary

Bion Environmental Technologies, Inc. has amended the timing of key debt obligations. All holders of its Secured Convertible Promissory Notes and its May 2024 Convertible Promissory Notes, which previously had a maturity date of December 31, 2025, have agreed to extend the maturity date to June 30, 2026. The notes continue under the same terms, changing only the repayment date and giving the company additional time before these convertible debts come due.

Insights

Credit and capital structure analyst

Bion has pushed out the maturity of key convertible notes by six months.

Bion Environmental Technologies, Inc. obtained unanimous consent from holders of its Secured Convertible Promissory Notes and May 2024 Convertible Promissory Notes to move the maturity date from December 31, 2025 to June 30, 2026. The filing states that all other terms remain the same, so this is a pure extension of timing rather than a broader restructuring.

This kind of change affects when the company must repay or potentially convert these obligations, which can ease near-term refinancing pressure. Because no new economic terms are disclosed beyond the later date, the impact depends on the size of these notes relative to the company’s balance sheet, which is not quantified in this excerpt. Subsequent periodic reports will show how these notes appear in the company’s debt maturity schedule.

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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): January 7, 2026 (December 31, 2025)

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 1.01 Entry into a Material Definitive Agreement

All holders of Bion’s Secured Convertible Promissory Notes, along with all holders of Bion’s May 2024 Convertible Promissory Notes, both Notes with a maturity date of December 31, 2025, have agreed to extend their maturity date, under the same terms until June 30, 2026.

 Item 9.01 Financial Statements and Exhibits

(d) Exhibits 

Exhibit No.		Description
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: January 7, 2026	Name:	Stephen Craig Scott Interim CEO

FAQ

What did Bion Environmental Technologies, Inc. (BNET) change in this 8-K filing?

Bion Environmental Technologies, Inc. disclosed that all holders of its Secured Convertible Promissory Notes and its May 2024 Convertible Promissory Notes agreed to extend the maturity date of those notes from December 31, 2025 to June 30, 2026, with all other terms remaining the same.

Which BNET securities are affected by the maturity extension?

The extension applies to Bion’s Secured Convertible Promissory Notes and its May 2024 Convertible Promissory Notes, both of which previously had a maturity date of December 31, 2025 and now mature on June 30, 2026.

Were the economic terms of Bion’s convertible notes changed?

According to the disclosure, the holders agreed to extend the maturity date of the notes until June 30, 2026 "under the same terms," indicating that only the maturity date changed while other terms remained in place.

Does the extension of BNET’s note maturities involve all holders?

Yes. The filing states that all holders of Bion’s Secured Convertible Promissory Notes and all holders of the May 2024 Convertible Promissory Notes agreed to the extension of the maturity date.

Why is the extension of Bion’s convertible note maturities important to investors?

Extending the maturity date of these convertible notes to June 30, 2026 affects the timing of potential repayment or conversion, which can influence Bion’s near-term liquidity profile and when these obligations might impact the capital structure.

Who signed the BNET 8-K reporting the note maturity extension?

The report was signed on behalf of Bion Environmental Technologies, Inc. by Stephen Craig Scott, who is identified as the Interim CEO.