Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 495

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 495
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000 to Mark Crone for consulting services
provided to the Company.

On
October 18, 2024, the Company issued 168,000 shares of common stock with a fair value of $84,000 to Walter F. Lubkin Jr. for consulting
services provided to the Company.

On
December 27, 2024, January 17, 2025, and February 25, 2025, the Company issued an aggregate of 656,484 shares of common stock to
Jefferson as partial conversion of $52,269 principial and accrued interest pursuant to the convertible promissory note.

On
January 13, 2025 and February 24, 2025, the Company issued an aggregate of 750,000 shares of common stock to Quick Capital as partial conversion
of $57,673 principal pursuant to the convertible promissory note.

On
January 14, 2025, the Company issued 480,000 shares of common stock to each of Nubar Herian and John Keeler, 960,000 shares of common
stock to each of Timothy McLellan and Trond Ringstad, and 1,440,000 shares of common stock to Jeffrey Guzy, for serving as directors
of the Company.

On
March 12, 2025, the Company issued 288,101 shares of common stock to Diagonal as partial conversion of $15,000 principal pursuant to the convertible promissory note.

The
above issuances did not involve any underwriters, underwriting discounts or commissions, or any public offering and we believe are exempt
from the registration requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

None.

29

ITEM
6. RESERVED

ITEM
7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following discussion of the financial condition and results of operations should be read in conjunction with the financial statements
and the notes to those statements appearing in this Annual Report. This discussion contains forward-looking statements that are based
on our current expectations, estimates and projections about our business and operations. Our actual results may differ materially from
those currently anticipated and expressed in such forward-looking statements. The Company does not undertake any obligation to update
forward-looking statements to reflect events or circumstances occurring after the date of this prospectus.

Overview

We
are