Bion Finishes Significant Restructuring and Cleanup of Its Capital Structure
Bion Environmental Technologies, Inc. (OTC QB: BNET) has announced significant changes aimed at simplifying its capital structure and advancing its commercialization efforts. According to a press release from GlobeNewswire via QuoteMedia, the company has eliminated several convertible obligations, deferred compensation, warrants, and options, resulting in a net reduction of approximately 14,369,659 shares.
This move is part of a broader strategy to align with global trends toward circular economy models and low-carbon and low-impact fuels and agriculture. Bion's platform, which includes the Ammonia Recovery System (ARS), produces advanced organic and low-carbon nitrogen fertilizers. The ARS recovers ammonia from biogas generated from animal manure and other organic waste streams, preventing air and water pollution, producing clean water for reuse or discharge, and improving the economics of livestock and biogas operations.
The transactions involve two affiliates of the company and three non-affiliates. Notably, 1,321,000 warrants expiring on September 15, 2025, were not extended, resulting in the issuance of 209,816 shares. The holders will receive 8,101,746 shares of common stock in exchange in settlements effective September 15, 2025, and the shares will be issued on January 15, 2026, or earlier.
Craig Scott, CEO of Bion, who can be contacted at [email protected] or (406) 281-8178, aims to simplify the company and maximize transparency. This simplification follows the surrender of instruments representing 6,187,500 and 2,500,000 shares by the Bassani family and Smith, respectively, in April 2024.
As Bion begins a new phase in commercialization, the company is identifying strategic partners and projects. Investors are urged to carefully review Bion's SEC filings, including its Forms 10-K and 10-Q, and the Risk Factors therein. The information provided in this material includes forward-looking statements based on management's current reasonable business expectations.
Jordi Puig, the CEO of Bion Environmental Technologies, Inc., has been in the position since 2014. These developments mark a significant step in Bion's journey towards a more streamlined and focused approach to delivering innovative solutions for a sustainable future.
