Correspondence 0001079973-24-000771 from BASANITE, INC. (BASA) (CIK 0001448705) (BASA)
BASANITE, INC. (BASA) (CIK 0001448705)
Date: May 17, 2024 · CIK: 0001448705 · Accession: 0001079973-24-000771
AI Filing Summary & Sentiment
File numbers found in text: 000-53574
Referenced dates: May 3, 2024
Letter
Re: Basanite, Inc.
Correspondence
May 16, 2024
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Mr. Andrew W. Blume
Form 10-K for the Fiscal Year Ended December 31, 2023
File No. 000-53574
Ladies and Gentlemen:
By letter dated May 3, 2024, the staff (the “Staff,” “you” or “your”) of the U.S. Securities and Exchange Commission (the “Commission”) provided Basanite, Inc. (the “Company”, “Basanite”, “we,” “us” or “our”) with its comments to the Company’s Form 10-K for the Fiscal year ended December 31, 2023 submitted on April 15, 2024.. The Amendment to the Form 10-K (Form 10-K/A) was submitted on May 10, 2024 and reflects the Company’s responses to your comments set forth in your letter of May 3, 2024.
For ease of review, we have set forth below each of the numbered comments from your letter followed, in each case, by the Company’s response.
Form 10-K for the Fiscal Year Ended December 31,
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 effective 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.
Response: We have revised our annual filing on Form 10-K on Form 10-K/A for the Fiscal Year Ended December 31, 2023, submitted on May 10, 2024, to clarify and state management’s conclusion that controls and procedures were not effective based on management’s evaluation.
Further, the Company will ensure that a clear statement on conclusions for both Internal Controls Over Financial Reporting (ICFR) and Disclosure Control Procedures (DCP) is included in all future filings.
Thank you for your assistance in reviewing this filing.
Sincerely,
/s/ Jackelyne Placeres
Show Raw Text
CORRESP
1
filename1.htm
Correspondence
May 16, 2024
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Mr. Andrew W. Blume
Re:
Basanite, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2023
File No. 000-53574
Ladies and Gentlemen:
By letter dated May 3, 2024, the
staff (the “Staff,” “you” or “your”) of the U.S. Securities and Exchange Commission
(the “Commission”) provided Basanite, Inc. (the “Company”, “Basanite”, “we,”
“us” or “our”) with its comments to the Company’s Form 10-K for the Fiscal year ended December
31, 2023 submitted on April 15, 2024.. The Amendment to the Form 10-K (Form 10-K/A) was submitted on May 10, 2024 and reflects the Company’s
responses to your comments set forth in your letter of May 3, 2024.
For ease of review, we have set
forth below each of the numbered comments from your letter followed, in each case, by the Company’s response.
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 effective 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.
Response: We have revised our annual filing
on Form 10-K on Form 10-K/A for the Fiscal Year Ended December 31, 2023, submitted on May 10, 2024, to clarify and state management’s
conclusion that controls and procedures were not effective based on management’s evaluation.
Further, the Company will ensure that a clear statement
on conclusions for both Internal Controls Over Financial Reporting (ICFR) and Disclosure Control Procedures (DCP) is included in all future
filings.
Thank you for your assistance in reviewing this filing.
Sincerely,
/s/ Jackelyne Placeres
Jackelyne Placeres
Interim Acting Chief Financial Officer
Basanite Inc.
2660 NW 15th Court Unit 108 I Pompano Beach, FL 33069 I 954.532.4653
www.BasaniteIndustries.com I OTCQB: BASA I IR@BasaniteIndustries.com