Company: BSFC
Filing Date: 2025-07-15
Form Type: 10-Q
Source: 0001641172-25-019736
Chunk: 30

Company: Blue Star Foods Corp.
Filing Date: 2025-07-15
Form: 10-Q
Item: Part I, Item 1
Chunk 30
---
  
     3.96  
    $- 
  
    Granted 
     -  
    $-  

    Exercised 
     -  
    $-  

    Forfeited or Expired 
     -  
    $-  

    Outstanding – March 31, 2025 
     12,205  
    $106.71  
     3.72  

    Exercisable – March 31, 2025 
     12,205  
    $106.71  
     3.72  
    $- 

On
May 30, 2023, in connection with the issuance of the $1,200,000 promissory
note to Lind pursuant to a securities purchase agreement, the Company issued Lind a five-yearfive years
warrant exercisable six months from the date of issuance to purchase 8,701
shares of common stock at an exercise price of $122.50
per share. The warrant provides for cashless exercise and full ratchet anti-dilution provisions. The fair value of the warrants of
$381,538
was recorded as a discount to the 2023 Lind Note and classified as liabilities.

On
July 27, 2023, in connection with the issuance of the $300,000 promissory note to Lind pursuant to the Purchase Agreement Amendment,
the Company issued Lind a five-year5 warrant exercisable six months from the date of issuance to purchase 3,505 shares of common stock
at an exercise price of $67.00 per share. The warrant provides for cashless exercise and full ratchet anti-dilution provisions. The fair
value of the warrants of $72,208 was recorded as a discount to the 2023 Purchase Agreement Amendment and classified as a liability.

     21 

On
September 11, 2023, in connection with the underwritten public offering, the Company issued five-year5 Series A-1 warrants to purchase
up to 214,823 shares of common stock which warrants are exercisable upon stockholder approval at an exercise price of $23.28 per share.
Since the exercise of these warrants is contingent upon stockholder approval, which stockholder approval has not been obtained, such
warrants were not considered as outstanding as of March 31, 2024.

On
September 11, 2023, in connection with the underwritten public offering,