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Bion Environmental delays annual report over formatting

Bion says its financial statements and related disclosures are complete; the remaining delay is tied to electronic Inline XBRL formatting.

(Very High)

Sentiment and the balance of points

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Form Type
NT 10-K

Rhea-AI Filing Summary

Bion Environmental Technologies Inc. said it cannot file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, within the prescribed time because of logistical and technical challenges completing, formatting, and converting the report into the required electronic Inline XBRL (iXBRL) format. The company said its financial statements and related disclosures are complete, reported no disagreements, disputes, or issues with its independent registered public accounting firm regarding the financial statements, accounting principles, or internal controls, and expects to file within the Rule 12b-25 extension period.

Filing Explained

The company reports it cannot file its fiscal 2026 Form 10-K on time and expects to file within the extension period; the notice states that an annual report under Rule 12b-25 may be filed by the 15th calendar day after its prescribed due date.

Inline XBRL (iXBRL) technical
"required electronic Inline XBRL (iXBRL) format"
Rule 12b-25(b) regulatory
"relief pursuant to Rule 12b-25(b)"
Rule 12b-25(c) regulatory
"required by Rule 12b-25(c)"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

(Check One)      

☒  Form 10-K     ☐  Form 20-F     ☐  Form 11-K     ☐  Form 10-Q

☐  Form 10-D     ☐  Form N-SAR     ☐  Form N-CSR

   
    For Period Ended: June 30, 2026
   
    ☐  Transition Report on Form 10-K
    ☐  Transition Report on Form 20-F
    ☐  Transition Report on Form 11-K
    ☐  Transition Report on Form 10-Q
    ☐  Transition Report on Form N-SAR
   
    For the Transition Period Ended:

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

BION ENVIRONMENTAL TECHNOLOGIES INC.

(Full Name of Registrant)

 

 

(Former Name if Applicable)

9 East Park Court

(Address of Principal Executive Office (Street and Number))

Old Bethpage, NY 11804

(City, State and Zip Code)

 

 
 

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

☒      (a)   The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; 
  (b)   The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and 
  (c)   The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

 

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The registrant is unable to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, within the prescribed time period without unreasonable effort or expense.

 

The delay is solely attributable to logistical and technical challenges associated with the final compilation, formatting, and conversion of the report into the required electronic Inline XBRL (iXBRL) format. The registrant's financial statements and related disclosures have been completed, and there are no disagreements, disputes, or issues with the company’s independent registered public accounting firm regarding the financial statements, accounting principles, or internal controls.

 

The registrant is working expeditiously to finalize the technical formatting and expects to file the Form 10-K within the extension period provided under Rule 12b-25.

 

 

PART IV — OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this notification

 

Craig Scott   (406)   839-0816
(Name)   (Area Code)   (Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).    ☒  Yes    ☐  No
   
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?    ☐  Yes    ☒  No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

 
 

 

BION ENVIRONMENTAL TECHNOLOGIES INC.

(Name of Registrant as Specified in Charter)

Bion Environmental Technologies Inc.. has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

                       
Dated: September 28, 2026 By: /s/ Stephen Craig Scott
    Name: Stephen Craig Scott
    Title: Interim Chief Executive Officer

 

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