Duyuru • Apr 01
Basanite, Inc. announced delayed annual 10-K filing On 03/31/2026, Basanite, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Nov 18
Basanite, Inc. announced delayed 10-Q filing On 11/17/2025, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Sep 03
Basanite, Inc. Announces CFO Changes Basanite, Inc. announced that Jacqueline Placeres resigned from position of Chief Financial Officer . Mr. LoRicco now serves as the Company's interim acting Chief Executive Officer and interim acting Chief Financial Officer. Duyuru • Aug 15
Basanite, Inc. announced delayed 10-Q filing On 08/14/2025, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Mar 22
Basanite Industries, Inc. Appoints Michael D. Nelson as Chief Executive Officer Basanite Industries, Inc. announced it appointed Michael D. Nelson as the Company's Chief Executive Officer. Mr. Nelson is a retired Lt. Colonel in the US Army and a 11-time combat-deployed Green Beret veteran of the Iraq and Afghanistan theaters. Mr. Nelson has recently served as the Chief Operating Officer for the Global Energy Security Institute as well as a member of the counter-terrorism project for the Atlantic Council. Prior to that, Mr. Nelson was the Director of Operations for the Institute for the Study of War. Mr. Nelson holds a Bachelor of Arts degree in History from Virginia Military Institute, a Master's degree in Defense Analysis from the Naval Postgraduate School, and a Master's in Business Administration from the Darden School of Business at the University of Virginia. Duyuru • Nov 15
Basanite, Inc. announced delayed 10-Q filing On 11/14/2024, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Oct 03
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer Basanite Inc. announced that the company has appointed Ali Manav as Interim Chief Executive Officer. Mr. Manav is a seasoned business professional that has over 30 years of business experience in a multitude of industries including building materials, banking, IT, healthcare, and manufacturing. Mr. Manav is a specialist in lean manufacturing and has displayed his abilities to take companies from start-up to commercialization throughout his career. Ali holds an MBA in Management and Entrepreneurialism from the Weatherhead School of Management at Case Western Reserve University and has a bachelor's in business administration with majors in Accounting and Finance from the James B. Nance College of Business Administration at Cleveland State University. Duyuru • Aug 04
Basanite Industries Receives Non-Compliance Notice from OTC Markets On July 30, 2024, Basanite Industries, Inc. received a notice from OTC Markets Group Inc. (the “OTCQB”) indicating that the Company is not in compliance with certain OTCQB continued listing standards. Specifically, the Company has been informed that it does not meet the financial reporting requirements necessary to maintain its listing on the OTCQB market. The notice indicates that the Company must cure the deficiencies outlined in the notice by October 28, 2024, to avoid being removed from the OTCQB marketplace. The specific deficiencies cited by the OTCQB include: Failure to Meet Minimum Bid Price: The Company's common stock has not maintained the minimum bid price required by OTCQB standards. The Company is actively working to address these issues and is committed to regaining compliance within the specified time frame. The Company's management team is working on a plan to rectify the deficiencies. This plan may include, if necessary, a reverse split of the Company's common stock. Any such reverse split would reduce the Company’s authorized common shares proportionally with the issue and outstanding common shares. The Company can make no assurance or guarantees that it will be successful in its efforts. Duyuru • May 17
Basanite, Inc. announced delayed 10-Q filing On 05/15/2024, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Apr 13
Basanite, Inc Appoints Ronald Loricco, Sr as Acting Interim Chief Executive Officer On April 11, 2024, the Board of Directors of Basanite, Inc., through a vote of Unanimous Written Consent appointed Mr. Ronald LoRicco, Sr, 59, to serve as the Acting Interim Chief Executive Officer. Mr. LoRicco, Sr., has served as a member of its Board of Directors since June 2017. He was promoted to Chairman of the Board in December of 2022 and continues to serve in the role. Mr. LoRicco is an attorney practicing in the areas of civil litigation, insurance defense, criminal law, estate planning and administration and workers' compensation. He is also admitted to practice in Florida and United States District Court for the District of Connecticut. Mr. LoRicco is a member of the American, Connecticut, and New Haven Bar Associations, American Trial Lawyers Association and Connecticut Trial Lawyers Association. He attended Fairfield University where he received a Bachelor of Arts degree in 1986. He received a Juris Doctor degree from Quinnipiac College School of Law, formerly known as the University of Bridgeport School of Law, in 1989. Duyuru • Apr 02
Basanite, Inc. announced delayed annual 10-K filing On 04/01/2024, Basanite, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Jan 06
Basanite, Inc. Announces Termination of Thomas Richmond as Acting Interim Chief Executive Officer On July 31, 2023, Basanite, Inc. entered into an engagement letter with Thomas Richmond to join Company as acting Interim Chief Executive Officer and as an independent contractor until December 31, 2023. As the engagement letter has not been extended by the Company, Mr. Richmond’s services with Basanite have terminated and he is no longer affiliated with the Company. As of this filing the Company has elected to begin a candidate search for a new Chief Executive Officer and President. Duyuru • Nov 15
Basanite, Inc. announced delayed 10-Q filing On 11/14/2023, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jun 18
Basanite Inc. Announces Completion of Product Approval by Florida Department of Transportation Basanite Inc. announced that on June 13, 2023, the Company received final approval from Florida Department of Transportation, (FDOT,) on a range of its BasaFlexTM products. The approval combined a facility inspection with a QA/QC Process Audit and a coordinated testing program performed onsite at Basanite and the University of Sherbrook. A new feature in the FDOT approval criteria included long-term mechanical properties testing under an alkaline load. BasaFlex, a composite reinforcement bar or "rebar," is a, sustainable alternative to steel in concrete reinforcement. BasaFlex is engineered to add intrinsic value to a concrete structure by eliminating corrosion problems associated with typical steel reinforcement, saving both time and money over the lifecycle of a concrete structure. BasaFlex has a 100-year design life, is non-corrosive, weighs just 25% of steel, but has a 2.5 times greater tensile strength. It is also transparent to magnetic fields, radar frequencies, and other electromagnetic radiated energy and is electrically and thermally non-conductive. It is easy to use and much safer to handle on the job site. Because of its core advantages and competitive price point, Basanite Inc. is confident BasaFlex will become the construction industry's number one choice for concrete reinforcement. Duyuru • May 16
Basanite, Inc. announced delayed 10-Q filing On 05/15/2023, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Nov 15
Basanite, Inc. announced delayed 10-Q filing On 11/14/2022, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Sep 27
Basanite, Inc. Announces Executive Changes Basanite, Inc. announced Michael Barbara was resigning his position as Chairman of the Board of the Company but would remain as a member of the Board. Also, on September 21, 2022, the Board appointed Ronald J. LoRicco, Sr. (an existing member of the Board) as the new Chairman of the Board and approved a reconstitution of the Audit, Compensation and Nominating and Corporate Governance Committees of the Board. As a result, the current members of each Board committee are as follows: Audit Committee Ronald J. LoRicco, Sr. Sergio S. Salani Paul M. Sallarulo Committee Members Compensation Committee Adam Falkoff Manuel A. Rodriguez Paul M. Sallarulo Committee Members Nominating and Corporate Governance Committee Michael Barbara Adam Falkoff Sergio S. Salani Committee Members. Duyuru • Aug 17
Basanite, Inc. Appoints Sergio S. Salani as A Director On August 9, 2022, the Board of Directors (the “Board”) of Basanite, Inc. (the “Company”) appointed Sergio S. Salani as a director of the Company. The following is certain biographical information for Mr. Salani: Sergio S. Salani, 54, has served as a member of the Board of Directors since August 2022. Mr. Salani is a seasoned entrepreneur with experience in finance, law, real estate and technology. From 2016 to the present, Mr. Salani has served as the founder, Chief Executive Officer and General Counsel of Stoneway Group, L.L.C., an advisory firm providing services with regard to legal, finance and real estate matters, international transactions, specialty finance, technology, commercial real estate investment management and investments in the energy sector. Also from 2016 to the present, Mr. Salani has served as co-founder and Chief Executive Officer of Ubii.com, a digital marketplace that was launched in February 2021. From 2011 to 2016, he served as co-founder and Chief Executive Officer of Oxford International Group, L.L.C., a privately held financial firm that acquires high credit quality, highly illiquid assets which was sold to an affiliate of Blackstone Group. From 1997 to 2011, Mr. Salani served as partner, legal counsel and Senior Vice President of Peachtree Settlement Funding, L.L.C., an originator of specialty finance receivables such as structured settlements, lottery payment receivables and life settlements, where he was instrumental in building the company from a start-up to a 480 employee operation and in taking it public in 2006 on London's AIM Market, a sub-market of the London Stock Exchange. Mr. Salani received a Bachelor of Arts in Finance and Economics as well as a Master of Business Administration degree from Drexel University and a Juris Doctor from Temple University. He is a member of the bars of Florida and the District of Columbia. Duyuru • Aug 16
Basanite, Inc. announced delayed 10-Q filing On 08/15/2022, Basanite, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Apr 01
Basanite Inc. announced delayed annual 10-K filing On 03/31/2022, Basanite Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Feb 26
Basanite Inc. Announces Executive Changes On February 20, 2022, David L. Anderson (“Anderson”), the Executive Vice President and Chief Operating Officer of Basanite Inc., provided written notice to the Board of Directors of the Company of his resignation from the Company. Anderson’s notice contained a purported claim for a separation payment from the Company on account of “Good Reason” under Section 8(a) of Anderson’s employment agreement with the Company, dated February 1, 2019 (as amended, the “Employment Agreement”). On February 24, 2022, the Company provided written notice to Anderson that his resignation of employment with the Company was accepted, effective immediately. As such, Anderson is no longer affiliated with the Company as of February 24, 2022. In its notice to Anderson, the Company denied any assertions by Anderson of “Good Reason” to resign his employment and any claim for alleged payments due to Anderson under the Employment Agreement. Duyuru • Aug 17
Basanite Inc. announced delayed 10-Q filing On 08/16/2021, Basanite Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Sep 26
Gregory G. Nadeau Submits Resignation as Member of the Basanite, Inc and Member of the Board's Nominating and Corporate Governance Committee On September 18, 2020, Gregory G. Nadeau submitted notice of his resignation as a member of the Board of Directors of the Basanite, Inc, a Nevada corporation (the Company), effective September 21, 2020. Mr. Nadeau was a member of the Board's Nominating and Corporate Governance Committee. Duyuru • Aug 08
Basanite Inc. announced that it has received $1 million in funding Basanite Inc. (OTCPK:BASA) announced a private placement of an secured 20% convertible promissory note for gross proceeds of $1,000,000 on August 30, 2020. The transaction will include participation accredited investors. The convertible notes carried fixed rate of 20% interest rate per annum, accrue monthly for the first four months and be due in cash thereafter until February 3, 2020. The notes are convertible at the conversion rate equal to price paid by third party investor equal to per share with a total proceeds of not less than$500,000. The notes are secured against assets of the company. 