Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 197

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 197
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 $ 1,317due to options forfeitures.

Note 9. Warrants

The following table represents warrant activity for the nine months ended September 30, 2024:

Schedule of Warrant Activity

|                                  |     | Number      
 of Warrants |        |   |     | Weighted 
 Average  
 Exercise 
 Price    |        |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life in     
 Years       |      |     | Aggregate       
 Intrinsic Value |   |
|:---------------------------------|:----|:------------|-------:|:--|:----|:---------|-------:|:----|:------------|-----:|:----|:----------------|:--|
| Outstanding – December           
 31, 2023                         |     |             | 14,619 |   |     | $        | 601.78 |     |             | 4.20 |     |                 |   |
| Exercisable – December 31, 2023  |     |             | 11,114 |   |     | $        | 770.50 |     |             | 5.52 |     | $               | - |
| Granted                          |     |             |      - |   |     | $        |      - |     |             |      |     |                 |   |
| Exercised                        |     |             |      - |   |     | $        |      - |     |             |      |     |                 |   |
| Forfeited or Expired             |     |             | (2,358 | ) |     | $        |      - |     |             |      |     |                 |   |
| Outstanding – September 30, 2024 |     |             | 12,261 |   |     | $        | 129.05 |     |             | 4.15 |     |                 |   |
| Exercisable – September 30, 2024 |     |             | 12,261 |   |     | $        | 129.05 |     |             | 4.15 |     | $               | - |

| F-48 |

On May 30, 2023, in connection with the issuance of the $ 1,200,000promissory note to Lind pursuant to a securities purchase agreement, the Company issued Lind a five-yearwarrant exercisable six months from the date of issuance to purchase