Basanite, Inc. announced resignation of Lisa Gainsborg as Chief Financial Officer, effective December 15, 2022. On December 9, 2022, the Board of Directors of the Company appointed Jacqueline Placeres as Chief Financial Officer. Ms. Placeres, 42, previously served as the Company's Controller since 2021.

Ms. Placeres previously served as the CFO to ISG, a private government contractor in security and informational technologies from 2018 through May 2021. From 2014 to 2018, she served as Vice President of Smith Manufacturing growing the Company from 4 million to 18 at the time of acquisition. The Board selected Ms. Placeres to serve as the Company's Chief Financial Officer because of her longstanding relationship with the Company and because of her accounting and public company reporting experience.