Form 12b-25 Late Filing Notification - Basanite Inc

NT 10-K 1 basa_12b25.htm NOTIFICATION OF LATE FILING

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

---

FORM 12b-25

---

NOTIFICATION OF LATE FILING

(Check
One): ☒ 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, 2025

☐ Transition
Report on Form 10-K

☐ Transition
Report on Form 20-F

☐ Transition
Report on Form 11-K

☐ Transition
Report on Form 10-Q

For the Transition Period Ended: _____________________________________

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:

PART I — REGISTRANT INFORMATION

| Full name of Registrant: | Basanite, Inc. |
| | |
| Address of principal executive office:

City State and ZIP Code: | 216 Crown Street, Suite 502,

New Haven, Connecticut 06510 |

PART II — RULES 12b-25(b) AND (c)

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)

| | (a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; | |
| ☒ | (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 | |
| | (c) | The accountant's statement or other exhibit required by Rule 12(b)-25(c) has been attached if applicable. | |

| |

| |

---

PART III — NARRATIVE

State below in reasonable detail the reasons why the
Form 10-Q could not be filed within the prescribed time period.

Basanite, Inc. (the “Company”) is
unable to file its Annual Report on Form 10-K for the period ended December 31, 2025 within the prescribed time period
without hardship and expense to the Company. The Company presently has a limited number of full-time accounting and finance
employees and requires additional time to compile and process the information necessary for the completion of the Form 10-K. The
Company undertakes the responsibility to file the Form 10-K within the extension period provided.

**

PART IV — OTHER INFORMATION

| | (1) | Name and telephone number of person to contact in regard to this notification: |

| Ronald LoRicco, Sr | 888-501-1176 |
| Name | Telephone Number |

| | (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 ☐ No

| | (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 ☒ No

If so, attach an explanation of the anticipated
change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be
made.

| | Basanite, Inc. | |
| | (Name of Registrant as Specified in Charter) | |

has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.

| Date: March
31, 2026 | | /s/
 Ronald LoRicco, Sr |
| | | Ronald LoRicco, Sr |
| | | Acting Interim Chief Executive Officer |