SEC Comment Letter 0000000000-24-005091 to BASANITE, INC. (BASA) (CIK 0001448705) (BASA)
BASANITE, INC. (BASA) (CIK 0001448705)
Date: May 3, 2024 · CIK: 0001448705 · Accession: 0000000000-24-005091
AI Filing Summary & Sentiment
File numbers found in text: 000-53574
Letter
United States securities and exchange commission logo May 3, 2024 Jackie Placeres Acting Interim Chief Financial Officer Basanite, Inc. 2041 NW 15th Avenue Pompano Beach, FL 33069 Re:Basanite, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 File No. 000-53574 Dear Jackie Placeres: We have limited our review of your filing to the financial statements and related disclosures and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2023 Item 9A. Controls and Procedures. Disclosure Controls and Procedures, page 27 1.Although you disclose that management carried out an evaluation of the effectiveness of your disclosure controls and procedures, we note that you do not provide an effectiveness conclusion pursuant to Item 307 of Regulation S-K. Please revise to disclose management's conclusions regarding the effectiveness of your disclosure controls and procedures. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Andrew Blume at 202-551-3254 or Kevin Woody at 202-551-3629 with any questions.
FirstName LastNameJackie Placeres Comapany NameBasanite, Inc. May 3, 2024 Page 2 FirstName LastName Jackie Placeres Basanite, Inc. May 3, 2024 Page 2 Sincerely, Division of Corporation Finance Office of Manufacturing
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United States securities and exchange commission logo
May 3, 2024
Jackie Placeres
Acting Interim Chief Financial Officer
Basanite, Inc.
2041 NW 15th Avenue
Pompano Beach, FL 33069
Re:Basanite, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2023
File No. 000-53574
Dear Jackie Placeres:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment(s).
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2023
Item 9A. Controls and Procedures.
Disclosure Controls and Procedures, page 27
1.Although you disclose that management carried out an evaluation of the effectiveness of
your disclosure controls and procedures, we note that you do not provide an effectiveness
conclusion pursuant to Item 307 of Regulation S-K. Please revise to disclose
management's conclusions regarding the effectiveness of your disclosure controls and
procedures.
In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.
Please contact Andrew Blume at 202-551-3254 or Kevin Woody at 202-551-3629 with
any questions.
FirstName LastNameJackie Placeres
Comapany NameBasanite, Inc.
May 3, 2024 Page 2
FirstName LastName
Jackie Placeres
Basanite, Inc.
May 3, 2024
Page 2
Sincerely,
Division of Corporation Finance
Office of Manufacturing