secwatch.observer — SEC 8-K summary
======================================

Issuer:     BASANITE, INC. (BASA)
CIK:        0001448705
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001553350-22-000516
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Basanite grants Key Honey warrant for 2M shares at $0.33; appoints Fred Tingberg as CTO
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000516/0001553350-22-000516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1448705/000155335022000516/basa_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000516

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer