BION ENVIRONMENTAL TECHNOLOGIES INC 8-K

What Happened

• Bion Environmental Technologies, Inc. (BNET) filed an 8‑K reporting that on January 22, 2026 the Board ratified a 90‑day extension (effective January 15, 2026) for issuing 7,701,746 settlement shares to four holders.
• The Holders (who agreed to the extension) include two affiliates — Danielle Lominy and Christopher Parlow (family members of the late former CEO Dominic Bassani) — and two non‑affiliates — Bassani’s spouse and former Director Edward Schafer.
• The shares are to be issued by April 15, 2026 or earlier if individual holders elect issuance. Separately, 400,000 settlement shares were issued on November 12, 2025 upon the election of Mark Smith (previous Director and President).

Key Details

• Total shares covered by the extension: 7,701,746 settlement shares.
• Board action date: ratified January 22, 2026; effective date of extension: January 15, 2026.
• New latest issuance deadline: April 15, 2026 (or earlier by holder election).
• Prior issuance: 400,000 settlement shares issued on November 12, 2025 to Mark Smith.

Why It Matters

• The delayed issuance is the settlement of a previously agreed obligation; issuing up to 7.7 million shares could dilute existing shareholders when issued.
• Two of the recipients are related to the company’s late CEO, so the transaction includes related‑party participants (the filing identifies affiliates vs. non‑affiliates).
• The filing is informational (Item 8.01 Other Events) and does not report financial results, but investors should watch for the actual issuance timing and any future disclosures about the settlement terms or additional related‑party arrangements.