BION ENVIRONMENTAL TECHNOLOGIES INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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Mar 31, 2024 · Filed May 15, 2024
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Item 1A. Risk Factors
Not applicable
During the quarter ended March 31, 2024, the Company sold the following restricted securities: a) 190,000 units at $1.00 per unit consisting of one share of the Company’s restricted common stock and ½ warrant to purchase one share of the Company’s restricted common stock at $1.25 until December 31, 2024 and received gross proceeds of $190,000 and b) 522,231 shares were issued pursuant to our 2006 Consolidated Incentive Plan (“Plan”) upon the conversion of debt and c) 5,866,306 shares were issued when 6,846,677 warrants were exercised (using the “cashless exercise” provision of the warrants) and d) 25,770 shares were issued for consulting services and e) 3,661 shares were issued pursuant to our Plan when 5,000 options were exercised (using the “cashless exercise” provision of the options).
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