other material
confidence high
sentiment neutral
materiality 0.60
Basanite grants Key Honey warrant for 2M shares at $0.33; appoints Fred Tingberg as CTO
BASANITE, INC.
- Fred Tingberg Jr. retained as CTO via consulting agreement with Technicon Consulting Group, effective Feb 21, 2022.
- Consultant to be paid $25k/month by Key Honey; Key Honey receives warrant for 2M shares at $0.33 per share.
- Warrant vests: 333,333 shares upon execution, then 166,667 monthly for 10 months.
- Tingberg has already facilitated Bahamas government approval and Broward County Utility TRC approval for Basanite products.
- He will lead product development, sales, certification, and building code compliance.