0001079973-24-001446.txt : 20241025 0001079973-24-001446.hdr.sgml : 20241025 20241025165340 ACCESSION NUMBER: 0001079973-24-001446 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20241022 FILED AS OF DATE: 20241025 DATE AS OF CHANGE: 20241025 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Weerts Robert D. CENTRAL INDEX KEY: 0002029502 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19333 FILM NUMBER: 241397674 MAIL ADDRESS: STREET 1: 318 SECOND AVENUE SW CITY: WINNEBAGO STATE: MN ZIP: 56098 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BION ENVIRONMENTAL TECHNOLOGIES INC CENTRAL INDEX KEY: 0000875729 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 841176672 STATE OF INCORPORATION: CO FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: PO BOX 323 CITY: OLD BETHPAGE STATE: NY ZIP: 11804 BUSINESS PHONE: (212) 758-6622 MAIL ADDRESS: STREET 1: PO BOX 323 CITY: OLD BETHPAGE STATE: NY ZIP: 11804 FORMER COMPANY: FORMER CONFORMED NAME: RSTS CORP DATE OF NAME CHANGE: 19930328 4 1 ownership.xml X0508 4 2024-10-22 0 0000875729 BION ENVIRONMENTAL TECHNOLOGIES INC BNET 0002029502 Weerts Robert D. C/O BION ENVIRONMENTAL TECHNOLGIES INC PO BOX 323 OLD BETHPAGE NY 11804 1 0 0 0 0 Common Stock 400000 D Convertible Promissory Note 2024-10-15 4 J 0 100000 0.00 A 2025-04-15 Common Stock 100000 I Bion BLG, LLC 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. Weerts 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). /s/ Robert D. Weerts 2024-10-25