---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000091"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T11:38:45.862724+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Basanite raises $600,000 in private placement of units at $0.33/unit; up to $5M total

## Summary
- Initial closings on Jan 28 and Feb 3, 2022 raised $600,000 through sale of 1,818,182 units.
- Each unit consists of one common share, one 5-year Warrant A ($0.33 exercise) and one 5-year Warrant B ($0.33, callable if stock ≥$1 for 5 days).
- Net proceeds to fund deposits on five pultrusion machines and for general working capital.
- Offering is best-efforts with up to $5,000,000 total; additional closings expected over ~60 days.
- Investors include affiliates of strategic commercial partner U.S. Supplies, Inc. and director Manuel Rodriguez.

## SEC filing metadata
- accession: 0001553350-22-000091
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000091/0001553350-22-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000091/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000091
- JSON: https://secwatch.observer/filing/0001553350-22-000091.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000091.txt

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