---
schema_version: "secwatch.filing_event.v1"
accession: "0001553350-22-000388"
form_type: "8-K"
ticker: "BASA"
cik: "0001448705"
company_name: "BASANITE, INC."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:23:41.752994+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Basanite leases $450k manufacturing machine from affiliate; purchase required at term end

## Summary
- Leased a BasaMax Tetrad basalt rebar pultrusion machine from affiliate First New Haven Mortgage Co.
- Monthly rent of $8,250 deferred until $2M equity raise; purchase price at end: $450k plus accrued rent.
- First amendment corrected quantity from three machines to one machine.
- Transaction approved by disinterested directors; Ronald J. LoRicco (co-manager of lessor) recused.

## SEC filing metadata
- accession: 0001553350-22-000388
- form_type: 8-K
- ticker: BASA
- cik: 0001448705
- company_name: BASANITE, INC.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000388/0001553350-22-000388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1448705/000155335022000388/basa_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001553350-22-000388
- JSON: https://secwatch.observer/filing/0001553350-22-000388.json
- Plain text: https://secwatch.observer/filing/0001553350-22-000388.txt

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