Basanite, Inc.

BASA: 15-12G · delisting

Basanite, Inc. has filed a Form 15 to terminate the registration of its Common Stock and Preferred Stock and suspend its duty to file reports under Sections 13 and 15(d) of the Securities Exchange Act of 1934. The company relies on Rule 12g-4(a)(2), having determined that the number of holders of record has fallen below 300. The filing indicates that as of the certification date, there were approximately 274 holders of record. Consequently, the company will cease to be subject to the reporting obligations typically required of publicly traded companies. Ronald J. LoRicco, Sr., the Acting Interim CEO, signed the certification on June 25, 2026. This action effectively moves the company to a non-reporting status, significantly reducing transparency for current investors.

SEC 15-12G•4mo ago

BASA: 8-K · auditor change

Basanite, Inc. announced the termination of its independent auditor, Hudgens CPA, PLLC, after discovering the firm had withdrawn from the PCAOB and ceased operations in late 2025 without notifying the company. The company stated it had no communications with Hudgens since November 2025 and confirmed there were no disagreements or reportable events regarding the prior audits for fiscal years 2023 and 2024. This unexpected loss of an auditor raises concerns about corporate governance and the reliability of financial reporting, as the company was unaware its auditor was no longer registered to perform audits.

SEC 8-K•4mo ago