Basanite receives OTCQB delisting notice for sub-$0.01 bid price

BASANITE, INC.

OTCQB notice on July 30, 2024: BASA's bid price below $0.01 for 30+ days, violating continued listing standards.
Cure period until Oct 28, 2024 to re-comply: bid price >= $0.01 for ten consecutive trading days.
If bid price falls below $0.001 for five consecutive days, immediate removal from OTCQB.
Company may pursue reverse stock split to regain compliance, but no guarantee of success.

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