- **Significant leadership changes** occurred between August 13th and August 15th, 2025, with four directors resigning from the Board, and the Chief Financial Officer and Chief Technology Officer also stepping down; **Ronald LoRicco** is now the interim acting Chief Executive Officer and Chief Financial Officer.  **[1448705_20250902LN63297:0]** 
- The company has **relocated its offices, assets, and equipment** from Pompano Beach to its new Branford, Connecticut location.  **[1448705_20250902LN63297:0]** 
- Basanite is involved in **ongoing litigation** against Upstate Custom Products (UCP) in United States Federal Court regarding a dispute over undelivered custom pultrusion machines.  **[1448705_20250902LN63297:0]** 
- The company is **exploring new investment opportunities** in various sectors, including energy, mining, cryptocurrency, and healthcare, in addition to its core Basalt Fiber Reinforced Polymer industries, though there are no assurances of success or financing for these ventures.  **[1448705_20250902LN63297:0]**

BASANITE (BASA)