Bion Announces Voluntary Share Surrender
BION ENVIR TECHS INC (BNET)
NASDAQ:AMEX Investor Relations:
biontech.com/investor
Company Research
Source: GlobeNewswire
New York, NY, April 02, 2024 (GLOBE NEWSWIRE) -- 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 milesto
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Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 8-K
- 3/14/24 - Form 8-K
- BNET's page on the SEC website