4//SEC Filing
Stovall Turk Courtney 4
Accession 0001079973-24-001455
CIK 0000875729other
Filed
Oct 28, 8:00 PM ET
Accepted
Oct 29, 3:43 PM ET
Size
6.2 KB
Accession
0001079973-24-001455
Insider Transaction Report
Form 4
Stovall Turk Courtney
Director
Transactions
- Other
Convertible Promissory Note
2024-10-15(indirect: By LLC)Exp: 2025-04-15→ Common Stock
Footnotes (1)
- [F1]On October 22, 2024, Bion's Board of Directors ratified an agreement with the Bion BLG, LLC, loan group, effective 10/15/2024 to purchase a Convertible Promissory Note in the principal amount of up to $500,000. Mr. Stovall and two other Bion Directors are members of the loan group and together comprise 60% ownership of the loan group (and Promissory Note) (each member owns 20%). The Note is secured by the Company's Intellectual Property (IP)/patents. The Note will convert into securities in the Company at the terms of a later capital raise (or other source of funding) in excess of $3.0 million, which must be completed within six (6) months, and other terms as defined in the Note and Security Agreements (see exhibits to Form 8-K filed 10/24/2024 ).
Documents
Issuer
BION ENVIRONMENTAL TECHNOLOGIES INC
CIK 0000875729
Entity typeother
Related Parties
1- filerCIK 0002030362
Filing Metadata
- Form type
- 4
- Filed
- Oct 28, 8:00 PM ET
- Accepted
- Oct 29, 3:43 PM ET
- Size
- 6.2 KB