Bion Environmental Technologies Inc. has announced the approval of settlement agreements involving affiliates and former directors of the company, aimed at simplifying its capital structure. Under the agreements, the holders will cancel various obligations and security instruments-including deferred compensation, convertible notes, warrants, and options-in exchange for an aggregate of 8,101,746 shares of common stock. If all forfeited instruments had been exercised, they would have increased Bion's outstanding shares by over 22 million. The transaction results in a net reduction of approximately 14.4 million fully diluted shares. The new shares will be issued by January 15, 2026, or earlier at the holders' discretion.
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