Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 489

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 489
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 for and price of our Common Stock.

Our
operating results for a particular period may fluctuate significantly or may fall below the expectations of investors or securities analysts,
each of which may cause the price of our Common Stock to fluctuate or decline.

We
expect our operating results to be subject to fluctuations. Our operating results will be affected by numerous factors, including:

    ●
    variations in the level
    of expenses related to future development plans;

    ●
    fluctuations in value of
    the underlying commodity;

    ●
    inability
                                                         to procure sufficient quantities to meet demand due to the scarcity of the product available from its suppliers;

    ●
    level of underlying demand
    for our products and any other products we sell;

    ●
    any
    intellectual property infringement lawsuit or opposition, interference or cancellation proceeding in which we
    may
    become involved;

    ●
    regulatory developments
    affecting us or our competitors; and

    ●
    the continuing effects
    of the COVID-19 pandemic.

If
our operating results for a particular period fall below the expectations of investors or securities analysts, the price of our Common
Stock could decline substantially. Furthermore, any fluctuations in our operating results may, in turn, cause the price of our Common
Stock to fluctuate substantially. We believe that comparisons of our financial results from various reporting periods are not necessarily
meaningful and should not be relied upon as an indication of our future performance.

25

Issuance
of stock to fund our operations may dilute your investment and reduce your equity interest.

We
may need to raise capital in the future to fund the development of our seafood business. Any equity financing may have significant dilutive
effect to stockholders and a material decrease in our stockholders’ equity interest in us. Equity financing, if obtained, could
result in substantial dilution to our existing stockholders. At its sole discretion, our board of directors may issue additional securities
without seeking stockholder approval, and we do not know when we will need additional capital or, if we do, whether it will be available
to us.

Provisions
of our charter documents or Delaware law could delay or prevent an acquisition of the Company, even if such an acquisition would be beneficial
to our stockholders, which could make it more difficult for you to change management.

Provisions
in our certificate of incorporation and our bylaws may discourage, delay or prevent a merger, acquisition or other change in control
that stockholders