Basanite, Inc NT 10-K, filed Mar 30, 2020
Basanite, Inc. (BASA)
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| FORM 12b-25 |
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| NOTIFICATION OF LATE FILING |
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(Check one): | ü | Form 10-K |
| Form 20-F |
| Form 11-K |
| Form 10-Q |
| Form 10-D |
| Form N-CEN |
| Form N-CSR |
| For Period Ended: | December 31, 2019 | ||
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| Transition Report on Form 10-K | ||
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| Transition Report on Form 20-F | ||
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| Transition Report on Form 11-K | ||
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| Transition Report on Form 10-Q | ||
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| For the Transition Period Ended: |
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Read Instructions (on back page) Before Preparing Form. Please Print or Type. |
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. |
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: |
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PART I — REGISTRANT INFORMATION |
Basanite, Inc. |
Full Name of Registrant. |
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Former Name if Applicable |
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2041 NW 15th Ave. |
Address of Principal Executive Office (Street and Number) |
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Pompano Beach, Florida 33069 |
City, State and Zip Code: |
PART II — RULES 12b-25(b) AND (c) |
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If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate) |
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| (a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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ü | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | ||
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| (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III — NARRATIVE |
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State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra Sheets if Needed) |
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Management of Basanite, Inc., a Nevada corporation, deems additional time is necessary in order to fully compile the necessary financial information and adequately complete its financial statements required to prepare its Annual Report on Form 10-K for the period ended December 31, 2019 (“Annual Report”). Management deems it necessary that additional time be provided in order to ensure that complete, thorough and accurate disclosure of all material information is made in its Annual Report. Management anticipates the filing of its Annual Report within the applicable 15-day extension period provided. |
PART IV — OTHER INFORMATION |
(1) | Name and telephone number of person to contact in regard to this notification | ||||||||
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| Isabella Barbera |
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| 532-4653 ext. 104 | ||||
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(2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). | ||||||||
Yes | ü | No |
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(3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? | ||||||||
Yes |
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Basanite, Inc. | ||||
(Name of Registrant as Specified in Charter) | ||||
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. | ||||
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Date: | March 30, 2020 |
| By: | /s/ Simon Kay |
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| Simon Kay Interim Acting Chief Executive Officer |