Basanite appoints Ali Manav as Interim CEO; grants 25M stock options at $0.0275

BASANITE, INC.

Ali Manav named Acting CEO through June 30, 2025; monthly fee $17,250 deferred until $1M raised.
Manav receives 5M five-year options at $0.0275; vesting tied to milestones.
Three advisors granted 20M options total (10M, 2.5M, 7.5M) with similar vesting conditions.
Options exercisable at $0.0275 per share; no commissions paid; exemption under Section 4(2).

item 1.01 item 5.02 item 3.02 item 9.01

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Appointed (interim)

Ali Manav

Acting Chief Executive Officer

BASA · BASANITE, INC.

Effective: 2024-10-02
Filed: October 7, 2024, 7:59 PM ET

On October 2, 2024, Ali Manav agreed to become the Acting Chief Executive Officer of Basanite, Inc. (the “Company”) through June 30, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ali Manav was appointed as Acting Chief Executive Officer at BASANITE, INC..

Action: appointed
Role: Acting Chief Executive Officer

Exact text from the filing

On October 2, 2024, Ali Manav agreed to become the Acting Chief Executive Officer of Basanite, Inc. (the “Company”) through June 30, 2025.

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BASANITE, INC. filing history →

Source: SEC EDGAR

accession 0001079973-24-001365

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