Bion Environmental Technologies (BNET) extends convertible note maturity to June 30, 2026

Rhea-AI Filing Summary

Bion Environmental Technologies, Inc. reported that on January 8, 2026, the Bion Loan Group extended the maturity date of its Convertible Promissory Note’s Second Forbearance Agreement. The agreement, which had previously moved the note’s maturity to January 15, 2026, is now extended under the same terms and conditions, including the collateral sharing agreement, until June 30, 2026.

This change gives Bion additional time before the convertible note becomes due while keeping all existing obligations and collateral arrangements in place.

Insights

Credit and capital structure analyst

Bion receives more time on an existing convertible note without changing its terms.

Bion Environmental Technologies obtained an extension of the maturity date on a Convertible Promissory Note covered by a Second Forbearance Agreement. The Bion Loan Group moved the effective maturity from January 15, 2026 to June 30, 2026 while keeping the same terms and collateral sharing agreement.

This indicates that existing lenders remain willing to work with the company rather than requiring near-term repayment. However, the underlying debt and conversion features stay in place, so leverage and potential dilution are unchanged by this update.

Future disclosures about this Convertible Promissory Note and any amendments to its economic terms or repayment plans will help clarify how Bion ultimately addresses this obligation.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

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

Understanding 8-K Material Events →

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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 8, 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 1.01 Entry into a Material Definitive Agreement

On January 8, 2026, the Bion Loan Group (BLG) informed Bion it was extending the maturity date of its Convertible Promissory Note’s Second Forbearance Agreement, with an effective date of July 15, 2025 (see 8-K filed July 24, 2025), under the same terms and conditions (including the collateral sharing agreement), until June 30, 2026. The Second Forbearance Agreement had previously extended the maturity of the Convertible Promissory Note, with an effective date of October 15, 2024 (see 8-K filed October 24, 2024), until January 15, 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 8, 2026	Name:	Stephen Craig Scott Interim CEO

FAQ

What did Bion Environmental Technologies (BNET) disclose in this 8-K?

Bion Environmental Technologies disclosed that the Bion Loan Group extended the maturity date of its Convertible Promissory Note’s Second Forbearance Agreement to June 30, 2026, under the same terms and conditions, including the collateral sharing agreement.

How did the maturity date of Bion Environmental Technologies’ convertible note change?

The Second Forbearance Agreement had previously extended the Convertible Promissory Note’s maturity to January 15, 2026. As of January 8, 2026, the Bion Loan Group further extended the maturity date to June 30, 2026.

Were any terms of Bion Environmental Technologies’ Second Forbearance Agreement changed?

No. The Bion Loan Group extended the maturity date of the Convertible Promissory Note’s Second Forbearance Agreement until June 30, 2026 under the same terms and conditions, including the existing collateral sharing agreement.

Who is the counterparty to Bion Environmental Technologies’ forbearance extension?

The counterparty is the Bion Loan Group (BLG), which informed Bion on January 8, 2026 that it was extending the maturity date of the Convertible Promissory Note’s Second Forbearance Agreement.

What prior filings relate to this Bion Environmental Technologies forbearance arrangement?

The Second Forbearance Agreement has an effective date of July 15, 2025, referenced in an 8-K filed July 24, 2025, and it had previously extended the note’s maturity from an effective date of October 15, 2024, referenced in an 8-K filed October 24, 2024.

Who signed this Bion Environmental Technologies 8-K?

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