Recent Updates — BNET

Bion Environmental Technologies adopted a Director Compensation Policy and amended its bylaws to establish the position of Lead Director. Non-employee directors will receive annual retainers of $50,000 for fiscal years ending June 30, 2026 and 2027, and $25,000 thereafter, payable in common stock rather than cash. The Lead Director receives an additional $25,000 retainer. These compensation grants are conditioned on the closing of a Note Conversion Financing. Bion Environmental Technologies operates in the environmental remediation industry.

On July 14, 2026, Bion executed a Settlement Agreement with Hamstra Builders, Inc., resulting in the dismissal of all mechanics liens and litigation regarding the Fair Oaks Ammonia Recovery System. Bion will issue Hamstra a convertible promissory note for $1,774,512.72 with a 10% interest rate and a maturity date of December 31, 2026. The agreement requires a $653,915 cash payment upon a future financing event, with the remaining balance converting to common stock at the financing price. Additionally, holders of Bion's May 2024 and Secured Convertible Promissory Notes extended their maturity dates to December 31, 2026, while the Bion Loan Group extended its Secured Convertible Promissory Note to January 31, 2027. Bion operates in the environmental technology industry, providing ammonia recovery systems.