Company: GRPS
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001683168-25-005173
Chunk: 10

Company: Trans American Aquaculture, Inc
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 10
---
supported by lower import prices. Demand was slightly higher among all European markets in early 2021, which was up from 2020.12

Target Markets and Segmentation

We plan to focus exclusively on the U.S. domestic
market at this time.

Marketing

We understand the immediate needs to establish our
brand and position. We also recognize the limitations of our competition in this space (lack of promotion, no or improper use of social
media, etc.). This allows us to develop appropriate strategies and clear goals both long and short term.

Strategic Relationships: We look to develop
strategic partnerships for its Broodstock and future shrimp for consumption products.

Investment: We will seek to invest time and
money into promotional efforts that will help us reach our goals.

Differentiation: We believe that we have a
top-tier quality product, responsible and sustainable means of production, and the ability to quickly increase our scale to meet demand.
These are all attractive features to our buyers and their customers.

Competition

We face competition from various importers of shrimp
to the U.S. including Chicken of the Sea, Order, Aqua Star Importers, Eastern Fish Co., Mseafood Corporation. Locally, we face competition
from Bower’s Shrimp Farm located in Collegeport, Texas.

Intellectual Property

Besides our company name and website (www.transamaqua.com)
and trade secrets, we don’t own any material intellectual property.

Suppliers

We do not rely on a single supplier and have multiple
options for almost all our required inputs.

_____________________________

12 https://siamcanadian.com/us-shrimp-imports-see-second-straightmonth-of-y-o-y-volume-value-declines-undercurrentnews/

 8 

Government Regulation

Our farm and operations require approval from the
Texas Parks and Wildlife Department (“TPWD”) to stock and harvest our ponds. The permission requires an animal health
testing to confirm no presences of disease. We have obtained permission from the TPWD. We are technically considered a mariculture facility
and thus exempt from requiring a water intake permit from the Arroyo Colorado River. Other than the permission from the TPWD, there are
no licenses or permits needed to operate our business other than our business license from the State of Texas.

The plants that process shrimp are subject to the
rules and regulations of the U.S. Food and Drug Administration.13
As a domestic aquaculture producer, we are not considered a Processor and as such are