---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-24-001165"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:26:15.879604+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-24-001165
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000107997324001165/0001079973-24-001165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000107997324001165/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-24-001165
- JSON: https://secwatch.observer/filing/0001079973-24-001165.json
- Plain text: https://secwatch.observer/filing/0001079973-24-001165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.