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Stock impact report

Bion Gives Progress Update [Yahoo! Finance]

BION ENVIR TECHS INC (BNET) 
NASDAQ:AMEX Investor Relations: biontech.com/investor
Company Research Source: Yahoo! Finance
waste treatment technology and sustainable livestock production, gave the following update: Funding The Board of Directors has ratified the note and security agreements with BLG, LLC, that were previously announced in August. The note, up to $500,000, will be converted at a price to be determined at a later date by an offering or other funding as described in the note. The note is secured by the company's intellectual property in the event the company is unable to complete such an offering or funding. The note and security agreements are included as exhibits to the Form 8-K that will be filed later today. BLG, LLC, was formed to provide short-term funding for Bion. It includes Bion Directors, Turk Stovall, Bob Weerts, and Greg Schoener, and two others, as noted in Bion's Form 10-K for the year ended June 30, 2024. BLG began advancing funds to Bion in August, enabling the company to maintain operations, move forward with final optimization at Fair Oaks and obtain an independent eng Show less Read more
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