UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): April 3, 2024 (
Exact name of Registrant as Specified in its Charter
State or Other Jurisdiction of Incorporation | Commission File Number | IRS Employer Identification Number |
Address of Principal Executive Offices, Including Zip Code
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.
Effective April 1, 2024 the Company entered into two material definitive agreements regarding voluntary surrender for cancellation of securities of the Company (and related matters) by: a) members of the family of Dominic Bassani, recently deceased former Chief Executive Officer and (with his family) the Company’s largest shareholder (collectively “Bassani Family”)(see Exhibit 10.1)(“Bassani Family Agreement”), and b) Mark A. Smith, President of the Company and a director (“MAS”)(see Exhibit 10.2)(“MAS Agreement”). The Bassani Family and MAS entered into these agreements with the intention of mitigating dilution to shareholders as new, successor management is added to the Company’s management team.
The Bassani Family has agreed to surrender not less than approximately 20% of its Company holdings (as of December 2023) which surrender will increase to approximately 30% based on certain financing performances set forth in Exhibit 10.1. The Bassani Family will elect exactly which Company securities it will surrender for cancellation on or before June 30, 2024, the Company’s fiscal year end. The Bassani Family Agreement also sets forth requirements regarding conversion of convertible notes held by members of the Bassani Family after the security surrender. See Exhibit 10.1 for the material terms of the contemplated transactions.
MAS has agreed to surrender approximately 30% of his Company holdings (as of December 2023). Immediately upon the effectiveness of the MAS Agreement, he cancelled all Company options held by him (2,425,000, in aggregate) and waived $56,250 of accrued deferred compensation (convertible into 75,000 shares of the Company’s common stock). The MAS Agreement also sets forth requirements regarding conversion of convertible notes held by MAS after the security surrender and references the planned retirement of MAS on or before May 15, 2024. See Exhibit 10.2 for the material terms of the contemplated transactions.
Item 7.01 Regulation FD Disclosure.
On April 22, 2024, the Company issued a press release entitled “Bion Announces Voluntary Share Surrender” which press release has been placed on the Investors page of our website.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
10.1 | Form of Bassani Family Agreement (dated April 1, 2024) | |
10.2 | ||
99.1 | Press Release titled “Bion Announces Voluntary Share Surrender” (dated April 2, 2024) | |
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/ Mark A. Smith | |
Date: April 3, 2024 | Name: | Mark A. Smith, President |
Exhibit 10.1
AGREEMENT
AGREEMENT, made effective as of March ___, 2024, between Linda Bassani, Danielle Lominy,
Christopher Parlow, each individually and, as applicable, in their respective roles as trustees, beneficiaries and/or executors of Dominic Bassani’s estate and/or various trusts set up by Domnic and/or Linda Bassani (together, the “Bassani Holders”) and Bion Environmental Technologies, Inc. (the “Company”).
WHEREAS the Bassani Holders believe it to be in their best interest and the best interest of the Company and its stockholders to assist in mitigation of dilution in relation to Bion’s transition to a new management team (in conjunction with similar desires by Mark Smith, an executive officer and director of the Company) by reduction of their aggregate beneficial ownership by up to approximately 30% (7,425,000 shares) in tranches as set forth below).
NOW, THEREFORE, in consideration of the various performances and promises set forth herein, and for other good and valuable consideration the receipt and sufficiency, of which is hereby acknowledged, the Bassani Holders and the Company agree to the below.
1. | Termination, Surrender and Cancellation of Certain Company Securities |
a) | The Bassani Holders hereby represent to the Company that they (in their various roles and/or their respective minor children/grandchildren) owned, at December 31, 2023 (based on information provided by Bion) the following Bion securities held as is set forth below: |
i. | Dominic Bassani (now deceased and/or his estate) and Linda Bassani are the beneficial holders of: |
· | 1,444.968 shares of the common stock of the Company (the “Common Stock”); |
· | 740,000 warrants carrying an exercise bonus equal to 90% of the exercise price (the “90% Warrants”), each representing the right to acquire one share of Common Stock; |
· | 475,000 warrants carrying an exercise bonus equal to 75% of the exercise price (the “75% Warrants”), each representing the right to acquire one share of Common Stock; |
· | 900,000 options carrying an exercise bonus equal to 90% of the exercise price (the 90% Options”), each representing the right to acquire one share of Common Stock; |
· | 2,125,000 options carrying an exercise bonus equal to 75% of the exercise price, each representing the right to acquire one share of Common Stock; |
· | The 2020 Collateral Note (the “Collateral Note”), representing the right to acquire 735,320 shares of Common Stock and 490,459 warrants, each representing the right to acquire one share of Common Stock; |
· | The 2015 Replacement Note 1 (“Replacement Note 1”), representing the right to acquire 269,305 shares of Common Stock; |
· | The 2015 Adjusted Replacement Note 2 (“Replacement Note 2”), representing the right to acquire 222,962 shares of Common Stock; and |
· | The right to acquire 770,792 shares of Common Stock upon the conversion of deferred compensation (the “Deferred Compensation”) in the amount of $652,252.15 (the “Right”)’ and |
ii. | Danielle Lominy is the beneficial holder of: |
· | 570,000 shares of the common stock of the Company; |
· | 300,000 90% Warrants; and |
· | 1,857,935 75% Warrants. |
iii. | Christopher Parlow is the beneficial holder of : |
· | 367,005 shares of the common stock of the Company; |
· | 400,000 90% Warrants; and |
· | 1,970,934 75% Warrants. |
iv. | Bassani Holders (as trustees and/or beneficiaries) are the beneficial holder of: |
· | 3,000,000 75% Warrants; |
· | 1,000,000 90% Options, each representing the right to acquire one share of Common Stock; and |
· | The 2020 Adjusted Convertible Note (the “Adjusted Note”), representing the right to acquire 4,819,276 shares of Common Stock and 3,214,457 warrants, each representing the right to acquire one share of Common Stock. |
b) | The Bassani Holders hereby agree; |
i. | To the conversion and/or cancellation of not less than 50% of the Collateral Note, Replacement Note 1, Replacement Note 2, the Right and the Adjusted Note (collectively the “Notes”) (the “2024 Conversions”) on or before June 30, 2024, and |
ii. | To the extension of the maturity date until January 15, 2025 of any portion of the Notes not converted in the 2024 Conversions (“Remaining Notes”) and the conversion of the Remaining Notes on or before January 15, 2025 (the “2025 Conversion”), and |
iii. | That other than the issuance of the securities underlying such instruments, none of the Bassani Holders and the Company will have any further rights or obligations under or related to such instruments, including, for the avoidance of doubt, the issuance or payment of any other cash, equity or other consideration by the Company to any of Bassani Holders or by any of Bassani Holders to the Company. The parties acknowledge that no event of default has occurred under any of the aforementioned instruments, and shall execute any such further documents, and perform such further acts, as many be reasonably necessary or appropriate to give full effect to the 2024 Conversions and the 2025 Conversion. |
c) ‘Cancellations’:
i. By July 1, 2024, the Bassani holders shall have provided the Company with an itemized list of securities listed in Section 1 a) above, which for the avoidance of doubt shall include the securities issued pursuant to the 2024 Conversions, to be cancelled, forfeited, terminated or waived, as applicable, that shall represent a total of not less than 4, 950,000 shares of Common Stock on an as exercised or converted basis as applicable, which represent not less than an aggregate of twenty percent (20%) of the Bassani ownership set forth above.
ii. which amount shall be increased by not less than 1,237,500 shares (representing 5% of the Bassani Family holdings set forth above) within 10 business days after the Company informs the Bassani Holders in writing that it has raised not less than $500,000 equity in a private placement; and
iv. | which listed amount shall be increased by not less than a further 1,237,500 after the Company informs the Bassani Holders in writing that it has raised not less than $5,000,000from a strategic partner (and other investors). |
2. | Indemnification |
Each of the Bassani Holders shall have the right to indemnification and advancement of expenses by the Company described in Article VII of the Company’s bylaws, as adopted on December 29, 2021 (the “Bylaws”), that would be due to them, on an individual basis, as if each were a Proper Person (as defined in the Bylaws) acting in his or her official capacity as a director, officer, employee or agent on behalf of the Company n connection with any suit, action or proceeding (as defined in the Bylaws) in connection with this Agreement.
3. | General Provisions |
a) | The parties hereto agree to cooperate with each other to facilitate all transactions related to this agreement. |
b) | Each party represents and warrants to the other that the person signing this Agreement below has authority to bind the party to this Agreement. Furthermore, this agreement has been approved of by a quorum of the Board of Directors of the Company, which did not include Mark A. Smith. To the extent that the practices, policies, or procedures of the Company, now or in the future, are inconsistent with the terms of the Agreement, the provisions of this Agreement shall control. |
c) | The validity, interpretation and performance of this Agreement shall be governed by the laws of Colorado. |
d) | Any claim or controversy, which arises out of or relates to this Agreement, or breach of it, shall be settled by arbitration. |
e) | In the event that any one or more of the provisions of this Agreement or any portions thereunder is determined to be invalid, illegal, or unenforceable in any respect, the validity, legality, and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. |
f) | This Agreement contains all of the understandings and representations between the parties relating to the matters set forth herein from the effective date onwards. No modifications of this Agreement or any of its terms shall be effective unless in writing signed by the duly authorized representatives of the parties. |
g) | This Agreement is intended to be fully binding when executed. |
Linda Bassani | ( ), in (his/her) capacity as Trustee of the Dominic Bassani 2019 Irrevocable Trust
| |
By: | ||
Linda Bassani | ||
Danielle Lominy | Christopher Parlow | |
By: |
By: | |
Danielle Lominy | Christopher Parlow | |
Bion Environmental Technologies, Inc. | ||
By: |
||
William O’Neill, CEO |
Exhibit 10.2
AGREEMENT
AGREEMENT, made effective as of April 1, 2024, between Mark A. Smith (“MAS”), having an address at 500 Mohawk Drive, #108, Boulder, CO 80303, and Bion Environmental Technologies Inc., having a corporate business address at PO Box 323, Old Bethpage, NY 11804 (the “Company”)
WHEREAS MAS has had roles as an officer, director and shareholder of the Company for 30 years and is nearing retirement;
AND WHEREAS MAS believes it to be in his best interest and the best interest of the Company and its stockholders to assist in mitigation of dilution in relation to Bion’s transition to a new management team (in conjunction with similar desires by the family of Dominic Bassani, recently deceased, long-term officer and shareholder of Bion) by reduction of MAS’s aggregate beneficial ownership by not less than 2,500,000 million shares (approximately 30%).
NOW, THEREFORE, in consideration of the various performances and promises set forth herein, and for other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, MAS and the Company agree to the below.
1. Termination, Surrender and Cancellation of Certain Company Securities
a) MAS hereby represents to the Company that as of December 1, 2023:
i. | he was the beneficial holder of approximately: |
· | 2,105,500 shares of the common stock of the Company (the “Common Stock”); |
· | 300,000 warrants carrying an exercise price adjustment equal to 90% of the exercise price, each representing the right to acquire one share of Common Stock; |
· | 2,627,196 warrants carrying an exercise adjustment equal to 75% of the exercise price, each representing the right to acquire one share of Common Stock; |
· | 200,000 options carrying an exercise bonus equal to 90% of the exercise price (the “90% Options”), each representing the right to acquire one share of Common Stock; |
· | 2,225,000 options carrying an exercise bonus equal to 75% of the exercise price (together with the 90% options, the “Options”), each representing the right to acquire one share of Common Stock; |
· | the 2020 Convertible Obligation (the “Convertible Obligation”), representing the right to acquire 235,120 units (the “Convertible Units”) made up of 235,120 shares of Common Stock and 235,120 warrants, each representing the right to acquire one share of Common Stock; and |
· | the right to acquire 93,334 shares of Common Stock upon the conversion of deferred compensation (the “Deferred Compensation”) in the amount of $70,000 (the “Right”); |
· | WHICH ITEMS HAVE BEEN UPDATED IN A FORM 4 FILED ON FEBRUARY 14, 2024 (FOR TRANSACTIONS THROUGH JANUARY 23, 2024 TO REFLECT NOTE CONVERSIONS, WARRANT EXERCISES AND GIFTS/DONATIONS. |
b) MAS hereby agrees to the conversion of the Convertible Obligation (the “Conversion”) on or before June 30, 2024, and, other than the issuance of the Convertible Units, neither MAS nor the Company will have any further rights or obligations under or related to the securities of MAS set forth above, including, for the avoidance of doubt, the issuance or payment of any other cash, equity or other consideration by the Company to MAS or by MAS to the Company, PROVIDED, HOWEVER, that the Convertible Obligation balance shall be increased to include any amount of outstanding, unreimbursed expenses due MAS from the Company not re-imbursed by June 30, 2024 as MAS’s election. The parties acknowledge that no event of default has occurred under the Convertible Obligation, and shall execute any such further documents, and perform such further acts, as may be reasonably necessary or appropriate to give full effect to the Conversion.
c) MAS hereby agrees to:
i. | waive his claim to $56,250 and the related potential issuance of 75,000 shares of Common Stock of his accumulated Deferred Compensation related to the Right, and |
ii. | immediately exercise the Right with regard to the balance of his accumulated Deferred Compensation ($13,750) at December 31, 2023 and, other than the issuance 18,334 shares of Common Stock by the Company to MAS, neither MAS nor the Company will have any further rights or obligations under or related to the Right, including, for the avoidance of doubt, the issuance or payment of any other cash, equity or other considerations by the Company to MAS or MAS to the Company. |
d) MAS hereby surrenders the Options (2,425,000, in aggregate) for cancellation and the Corporation hereby accepts such surrender and cancellation. MAS acknowledges that such surrender and cancellation shall be without any expectation of MAS to receive any cash, equity, or other consideration in connection with such surrender and cancellation.
2. Management Transition
MAS and the Company agree that MAS will retire from his executive positions on or before May 15, 2024, and that they will work together towards an orderly transition of MAS’ various responsibilities. The timing of such changes will be determined by the Company. It is the current intention that MAS may continue in his roles on the Board of Directors for some as yet undetermined period of time subject to agreement otherwise between MAS and the Company. Post-transition, MAS will continue to make himself available to the Company on an ‘as needed’ consulting basis, as requested, on terms to be negotiated
3. Compensation
Compensation for MAS’s services subsequent to January 1, 2024 to the Company shall be added to MAS’s Deferred Compensation and unreimbursed expenses incurred by MAS shall be re-imbursed in cash.
4. Indemnification
MAS shall have the right to indemnification and advancement of expenses by the Company described in Article VII of the Company’s bylaws, as adopted on December 29, 2021 (the “Bylaws”), that would be due to him as a Proper Person (as defined in the Bylaws) acting in his official capacity as a director, officer, employee or agent on behalf of the Company in connection with any suit, action or proceeding (as defined in the Bylaws) in connection with this Agreement.
5. General Provisions
(a) | The parties hereto agree to cooperate with each other to facilitate all transactions related to this agreement. |
(b) | Each party represents and warrants to the other that the person signing this Agreement below has authority to bind the party to this Agreement. Furthermore, this agreement has been approved of by a quorum of the Board of Directors of the Company, which did not include MAS. To the extent that the practices, policies, or procedures of Company, now or in the future, are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. |
(c) | The validity, interpretation and performance of this Agreement shall be governed by the laws of Colorado. |
(d) | Any claim or controversy, which arises out of or relates to this Agreement, or breach of it, shall be settled by arbitration. |
(e) | In the event that any one or more of the provisions of this Agreement or any portions thereunder is determined to be invalid, illegal, or unenforceable in any respect, the validity, legality, and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. |
(f) | This Agreement contains all of the understandings and representations between the parties relating to the matters set forth herein from the effective date onwards. Any prior employment/consulting agreements, promises, negotiations or representations not expressly set forth in this Agreement are of no force and effect. No modifications of this Agreement or any of its terms shall be effective unless in writing signed by the duly authorized representatives of the parties. |
(g) | This Agreement is intended to be fully binding when executed. The Parties agree in advance that this Agreement and its material terms may be incorporated into a subsequent, more extensive, agreement if the Company elects to pursue such a course. |
Mark A. Smith | Bion Environmental Technologies, Inc.
| |
By: | ||
Mark A. Smith | William O’Neill, CEO |
Exhibit 99.1
Bion Announces Voluntary Share Surrender
April 2, 2024. New York. New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in advanced livestock waste treatment technology and premium sustainable beef, announced that several of its largest shareholders have agreed to return up to 30 percent of their holdings to the company for cancellation.
Heirs of Dominic Bassani, Bion’s former CEO and largest shareholder who passed in November, will return approximately 20 percent before the Company’s June 30, 2024, fiscal year end, with another 10 percent upon Bion meeting funding milestones that are consistent with the company’s growth objectives. Mark Smith, Bion’s current President, who is transitioning to retirement during this year, will return approximately 30 percent of his holdings over the next month.
The return process will involve cancellation of instruments held at the end of 2023, consisting of a mix of convertible notes, deferred compensation, warrants, and options. If the funding milestones are met, the surrender will total just under the equivalent of 10 million shares that would have resulted from the conversion or exercise of these instruments. The actual transactions with all details set forth will be reported on the individuals’ SEC Form 4 filings.
These shares are being returned to 1) offset shares Bion expects to issue under the employee incentive plans (and in other manners) to attract new team members to lead Bion through commercialization and project development, and 2) minimize dilution from future equity financings. It is anticipated that over the next year, Smith and the Bassanis will continue to convert long-standing notes and/or exercise warrants/options, that will simplify Bion’s capital structure, while also providing some further reduction in the fully diluted capitalization of the company.
Bion currently has approximately 57 million shares issued and outstanding, with approximately 100 million total shares (fully diluted: includes deferred compensation, convertible notes and debt, options, and warrants). If funding milestones are met, after the return of shares, Bion will have approximately 90M total shares (fully diluted). Details of the surrender, including which instruments will be returned and canceled, will be determined over the next several weeks.
Linda Bassani, Mr. Bassani’s widow, said, “Dom was committed to Bion and his vision of a sustainable livestock industry. As part of his legacy, we are taking these actions to support the company’s transition to commercialization and make that vision reality. To build projects, Bion needs to bring on successor management, an operations team, and strategic partners. We want these shares to be used to attract and incentivize top-shelf talent and provide additional flexibility where needed.”
Bill O’Neill, Bion’s CEO, said, “We appreciate the Bassani family and Mr. Smith for recognizing this need and taking the steps to help ensure our success. As we continue with commercialization and begin projects, this will help minimize the impact of funding our growth, including assembling the team we’ll need to exploit our opportunities.
We are eager to begin our first beef project this summer and explore alternative uses for our technology in other segments of the livestock industry and industrial/municipal applications.”
_______________________________
About Bion Bion’s Gen3Tech platform will minimize the environmental impacts of large-scale livestock production, improve resource and production efficiencies, and drive premium pricing with a USDA-certified sustainable brand. The patented core technology produces clean water and recovers high-value organic and low-carbon precision fertilizers from manure. Bion is focused on developing state-of-the-art indoor cattle feeding operations that will produce verified Climate and Water Smart premium beef, fertilizers, and biofuel. For more, see Bion’s website at https://bionenviro.com.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the word ‘will’ and similar expressions identify certain forward-looking statements. It should be noted it is difficult to accurately predict the startup and optimization of a first-of-its-kind advanced waste treatment technology platform. The timelines discussed are estimates only. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott
SVP, Director of Communications
(406) 281-8178 direct
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end
Cover |
Apr. 01, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 01, 2024 |
Entity File Number | 000-19333 |
Entity Registrant Name | BION ENVIRONMENTAL TECHNOLOGIES, INC. |
Entity Central Index Key | 0000875729 |
Entity Tax Identification Number | 84-1176672 |
Entity Incorporation, State or Country Code | CO |
Entity Address, Address Line One | 9 East Park Court |
Entity Address, City or Town | Old Bethpage |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 11804 |
City Area Code | 516 |
Local Phone Number | 586-5643 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity Emerging Growth Company | false |
F[FHU@-[!:@0@]*1/MBDP-%M'
MF\S:Q1)$BL&J3!NE?W Y!*ZBFDGCFZN97("8'$2R"V-%O?G#ZI*\Z8+5VC[.MW.&.8SDPW1-,C$;"C>2U8-PP
M-2J7&E,M?59U6*U2.W#84$0S(4)VR?4GUMAC_4!&$[;]W/<^Q^KHLM%_KNG3
MCL,F_%J&8\9#QCU/"V,8C]AAI<(NU83//K&FAFT<]ENU\LIAIRKV/:$==M9E
MKRKU2MV!B1X[E2IDK?!::A4& #?WRZ6!<">A\M58 C+:H;NWV(JY2D^5YI%@
MP]C(D#9=;'[5A7V^L'H-5N\"PYR*:#+E8P"B\Q>K5E]5#MAV-!$L.NFJU\!2TN5^2@"8A([^\:"9CIA)+YK QI;!(9IHGMR\"UX^W99[RP-6LA)@
M;<9-H@DR*[ P(P75_L8NN3_HX7^(O\>.RL,Z
VP RTRY)AKE"EGVC*%BXCI!,_A$//8CJK,KUXW)/[*4
M7X\*6WFS>( @SXTC>VP3@^.<,%6YY"DW1FH:.SRI[!4& 6QTVX"*F&.%&M&I
M0M!&<'KA"F.X1IK;[#F$D5AD!5R/L>MC%./VU 2R(&\J80]3B/M:?>7^0/KJ
MJ5!3=(UF')D'^R!