Market cap data unavailable. We couldn't positively verify this ticker's market cap is under $500M. Verify independently before trading.
Bion Environmental Technologies, Inc. specializes in creating unique, patented technologies designed to address critical environmental concerns. Its solutions tackle air and water quality degradation, particularly focusing on issues arising from concentrated animal feeding operations (CAFOs) across both domestic and international markets. Through its innovative systems, the company not only mitigates pollution but also enhances operational efficiency and resource utilization. This is achieved by extracting valuable co-products from CAFO waste streams, such as renewable energy, purified water, and essential nutrients like ammonia nitrogen and phosphorus. Bion's strategic approach involves several key areas: implementing its systems to upgrade and ecologically restore existing CAFOs, establishing dedicated waste processing plants, and distributing its technology and applications through licensing agreements or collaborative ventures. Established in 1987, the company maintains its headquarters in Old Bethpage, New York.
Bion Announces Settlement of Fair Oaks Litigation
Bion Environmental Technologies has settled all outstanding litigation and mechanics liens related to its Fair Oaks facility with general contractor Hamstra Builders.
The settlement agreement involves issuing Hamstra a convertible promissory note, which will include a cash payment and stock conversion upon a future Bion financing.
CEO Craig Scott stated the resolution removes a major inherited challenge and largely completes the cleanup of the company's capital structure.