0001553350-20-001051.txt : 20201123 0001553350-20-001051.hdr.sgml : 20201123 20201123180359 ACCESSION NUMBER: 0001553350-20-001051 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201120 FILED AS OF DATE: 20201123 DATE AS OF CHANGE: 20201123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LoRicco Ronald Joseph Sr. CENTRAL INDEX KEY: 0001699571 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-53574 FILM NUMBER: 201339332 MAIL ADDRESS: STREET 1: 28 DALES DR. CITY: WOODBRIDGE STATE: CT ZIP: 06525 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BASANITE, INC. CENTRAL INDEX KEY: 0001448705 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 204959207 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2041 NW 15THAVENUE CITY: POMPANO BEACH STATE: FL ZIP: 33069 BUSINESS PHONE: 855-232-3282 MAIL ADDRESS: STREET 1: 2041 NW 15THAVENUE CITY: POMPANO BEACH STATE: FL ZIP: 33069 FORMER COMPANY: FORMER CONFORMED NAME: PayMeOn, Inc. DATE OF NAME CHANGE: 20130627 FORMER COMPANY: FORMER CONFORMED NAME: MMAX MEDIA, INC. DATE OF NAME CHANGE: 20100426 FORMER COMPANY: FORMER CONFORMED NAME: Nevada Processing Solutions DATE OF NAME CHANGE: 20081024 4 1 ownership.xml X0306 4 2020-11-20 0 0001448705 BASANITE, INC. BASA 0001699571 LoRicco Ronald Joseph Sr. 216 CROWN STREET SUITE 502 NEW HAVEN CT 06510 1 0 1 0 Common Stock 2020-11-20 4 X 0 1163201 0.1980 A 31634735 I See footnote Common Stock 2020-11-20 4 P 0 11632 0.20 A 31646367 I See footnote Common Stock 4397269 I See footnote Common Stock 1566667 I See footnote Common Stock 1566667 I See footnote Common Stock 500000 I See footnote Warrant 0.1980 2020-11-20 4 X 0 1163201 0.1980 D 2020-06-24 2025-06-24 Common Stock 1163201 0 I See footnote On November 20, 2020, the Reporting Person converted a Common Stock Warrant dated June 24, 2020 (the "Warrant") for 1,163,201 shares of the Issuer's common stock at a per share exercise price of $0.1980, or an aggregate exercise price of $230,314. The Warrant had an initial exercise price of $0.396 and was reduced to $0.1980 in consideration of the Reporting Person exercising the Warrant at this time. All shares of common stock issued pursuant to the exercise are "restricted securities" as defined by the Securities Act of 1933, as amended (the "Securities Act"). All of these shares are held in the name of RVRM Holdings LLC, which is controlled by the Reporting Person. On November 20, 2020, the Reporting Person purchased 11,632 shares of common stock from the Issuer at a per share price of $0.20, or an aggregate purchase price of $2,320. All such shares are "restricted securities" as defined by the Securities Act. All of these shares are held in the name of First New Haven Mortgage Company, which is controlled by the Reporting Person. All of these shares are held in the name of ARGJ, LLC ("ARGJ"). The Reporting Person's brother, Richard LoRicco, Jr., is the manager of ARGJ. The Reporting Person is neither a manager nor a member of ARGJ. The Reporting Person disclaims beneficial ownership of all of the securities that are beneficially owned by ARGJ, except to the extent, if any, of his pecuniary interest therein. All of these shares are held in the name of RJC3, LLC ("RJC3"). The Reporting Person's brother, Richard LoRicco, Jr., is the manager of RJC3. The Reporting Person is neither a manager nor a member of RJC3. The Reporting Person disclaims beneficial ownership of all of the securities that are beneficially owned by RJC3, except to the extent, if any, of his pecuniary interest therein. All of these shares are held in the name of LoRi Co., which is controlled by the Reporting Person. /s/ Ronald J. LoRicco Sr. 2020-11-23