---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-21-000711"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2021-08-18T23:59:59+00:00"
generated_at: "2026-06-29T09:11:42.988029+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Basanite closes private placement raising $5.33M gross; issues 19.4M shares and warrants

## Summary
- Closed private placement of units at $0.275 each to 17 accredited investors, raising ~$5.33M gross.
- Each unit consists of 1 common share, one Warrant A, and one Warrant B; total of 19.4M shares and 38.8M warrant shares issued.
- Warrants exercisable at $0.33/share for five years; Warrant B subject to call if stock trades at $1.00+ for 5 consecutive days.
- Net proceeds to be used for manufacturing expansion, sales/marketing, debt repayment, and working capital.
- Company granted registration rights to file S-1 for resale within 45 days and plans a Re-IPO of at least $15M within 180 days.

## SEC filing metadata
- accession: 0001553350-21-000711
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2021-08-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335021000711/0001553350-21-000711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335021000711/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-21-000711
- JSON: https://secwatch.observer/filing/0001553350-21-000711.json
- Plain text: https://secwatch.observer/filing/0001553350-21-000711.txt

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