8-K
BION ENVIRONMENTAL TECHNOLOGIES INC (BNET)
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section
13 or 15(d) of the
Securities Exchange
Act of 1934
Date ofReport (Date of earliest event reported): January 24, 2023 (January23, 2023**)**
BION
ENVIRONMENTAL TECHNOLOGIES, INC.
Exact name of Registrant
as Specified in its Charter
| Colorado | 000-19333 | 84-1176672 |
|---|---|---|
| State or Other Jurisdiction<br> of Incorporation | Commission File Number | IRS Employer Identification<br> Number |
9
East Park Court
OldBethpage**, NewYork**
11804
Address of Principal
Executive Offices, Including Zip Code
516-586-5643
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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement<br> 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<br> 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 7.01 RegulationFD Disclosure.
On January 23, 2023, the Company issued a press release entitled “Bion and BetterFedFoods to Form Strategic Alliance” 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 |
|---|---|
| 99.1 | Press Release titled ““Bion and BetterFedFoods to Form Strategic Alliance“ (January 23, 2023) |
| 104 | Cover Page Interactive Data File<br> (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: January 24, 2023 | Name: | Mark A. Smith, President |
Exhibit 99.1
Bion and BetterFedFoods toForm Strategic Alliance
January 23, 2023. New York, New York. Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in the development of livestock waste treatment technology and premium sustainable beef, announced today that it has signed a letter of intent with BetterFedFoods, LLC, of Wamego, Kansas, to create a mutually beneficial strategic relationship between the companies.
BetterFedFoods (and its affiliate companies, NBO3 Technologies and H3 Enterprises) have made a significant equity investment in Bion. The companies will work together over the next 60 to 90 days to determine how to best leverage their individual strengths.
For the last decade, BetterFedFoods and NBO3 Technologies have developed animal health & welfare solutions associated with incorporating algae into livestock feeding systems. Their patented technology delivers Omega 3 EPA long chain fatty acids to the animal through its feed. Based on extensive academic research sponsored by BetterFedFoods, their product improves overall animal health and provides a higher feed-to-weight gain ratio and a higher carcass value due to better marbling, while reducing enteric methane emissions of livestock, along with other Climate Smart impacts. Moreover, balancing the animals Omega 6:3 ratio improves animal health by reducing joint inflammation, increasing stress tolerance, improving respiratory issues, and reducing heart disease – as it does for humans.
In recent years, BetterFedFoods has expanded its Climate-Smart Premiums Program focus to growing another strain of algae that enhances plant photosynthesis and increases microbial activity in the soil, both of which lead to healthier and higher yielding feed crops.
Todd Hansen, BetterFedFoods’ CEO, stated that “Bion and BetterFedFoods share a commitment to create premium sustainable beef that is better for the consumer. Aligning our goals makes perfect sense. We are excited to work together to maximize animal health and performance in Bion’s cattle feeding operations, as well as enhance the quality and health of the incoming animals.”
Bill O’Neill, Bion’s CEO, said “Animal health and welfare is important to Bion and our feeder partners. BetterFedFoods’ commitment to creating healthier feed, animals, and people is a perfect fit with our own vision. Today’s consumers increasingly want products that are sustainable, transparent, and ‘better for you’. Working with BetterFedFoods will help Bion and its partners check those consumer boxes.”
_________________________________
About Bion: Bion’s patented third generation technology (Gen3Tech) was designed to largely mitigate the environmental impacts of large-scale livestock production, increase its resource efficiencies, and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously prevents pollution to air, water, and soil, while recovering high-value organic fertilizer coproducts and renewable energy that increase revenues. Bion’s Gen3Tech platform can create a pathway to true economic and environmental sustainability with ‘win-win’ benefits for a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion’s website at https://bionenviro.com.
This material includesforward-looking statements based on management's current reasonable business expectations. In this document, the words ‘create’,‘will’, and similar expressions identify certain forward-looking statements. These statements are made in reliance on thePrivate Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertaintiesthat could result in actual results differing materially from expected outcomes.
Contact Information:
Craig Scott SVP, Director of Communications (406) 281-8178 direct