Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 486

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 486
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 the price or liquidity of our Common Stock. In the past, when the
price of a stock has been volatile, holders of that stock have sometimes instituted securities class action litigation against the issuer.
If any of our stockholders were to bring such a lawsuit against us, we could incur substantial costs defending the lawsuit and the attention
of our management would be diverted from the operation of our business.

You
may experience dilution of your ownership interests because of the future issuance of additional shares of our Common Stock or preferred
stock or other securities that are convertible into or exercisable for our Common Stock or preferred stock.

If
our existing stockholders exercise warrants or sell, or indicate an intention to sell, substantial amounts of our Common Stock in the
public market, the price of our Common Stock could decline. The perception in the market that these sales may occur could also cause
the price of our Common Stock to decline.

23

In
the future, we may issue authorized but previously unissued equity securities, resulting in the dilution of the ownership interests of
the then current stockholders. We are authorized to issue an aggregate of 100,000,000 shares of Common Stock and 5,000,000 shares of
“blank check” preferred stock. We may issue additional shares of our Common Stock or other securities that are convertible
into or exercisable for our common stock in connection with hiring or retaining employees, future acquisitions, future sales of our securities
for capital raising purposes, or for other business purposes. The future issuance of any such additional shares of our Common Stock may
create downward pressure on the trading price of the Common Stock. We may need to raise additional capital in the near future to meet
our working capital needs, and there can be no assurance that we will not be required to issue additional shares, warrants or other convertible
securities in the future in conjunction with the capital raising efforts, including at a price (or exercise prices) below the price you
paid for your stock.

Trading
on the OTCQB Market is volatile and sporadic, which could depress the market price of our Common Stock and make it difficult for the
holders to resell their Common Stock.

At
the end of 2024, the Common Stock of the Company was quoted on the OTC Pink Market. Trading in securities quoted on the OTC Pink Market
is often thin and characterized by wide fluctuations in trading prices, due to many factors, some of which may have little to do with
our operations or business prospects