Aegis Capital Corp. Acted As Exclusive Placement Agent on a $5.33 Million Private Placement of Units for Basanite, Inc. (OTCQB:BASA)
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Rhea-AI Summary
Basanite, Inc. (OTCQB:BASA) announced a successful $5.33 million private placement of units, facilitated by Aegis Capital Corp. The funds raised are intended to bolster Basanite's operations as a leader in manufacturing eco-friendly composite products for concrete reinforcement. The company emphasizes the superior performance of its products, which are lighter, stronger, and non-corrosive compared to traditional steel reinforcements. For further details, visit BasaniteIndustries.com.
Positive
- Successfully raised $5.33 million through private placement.
- Enhances financial position to support operations and growth.
- Basanite's products are highlighted as superior in performance compared to traditional materials.
Negative
- None.
Details
News Market Reaction – BASA
The recorded move for BASA in the trading session of this news was -6.02%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, NY / ACCESSWIRE / August 18, 2021 / Aegis Capital Corp. acted as Exclusive Placement Agent on a
About Basanite, Inc.
Basanite, Inc. is a manufacturer and market developer of environmentally friendly, high-performance composite products used in concrete reinforcement. Superior to traditional steel elements, Basanite's sustainable products are non-corrosive, lighter, stronger and longer lasting. For more information, please visit www.BasaniteIndustries.com.
About Aegis Capital Corporation
Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.
For more information about this offering or Investment Banking Services please email InvestmentBanking@aegiscap.com or call (212) 813-1010
Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.
SOURCE: Aegis Capital Corp.
View source version on accesswire.com:
https://www.accesswire.com/660398/Aegis-Capital-Corp-Acted-As-Exclusive-Placement-Agent-on-a-533-Million-Private-Placement-of-Units-for-Basanite-Inc-OTCQBBASA
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