Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 485

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 485
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 result in our products exported from the United States
being subject to retaliatory tariffs imposed by other countries. We also source certain materials from foreign countries, as do some
of our suppliers. The implementation of tariffs and trade restrictions as well as changes in trade policies between the United States
and such foreign countries could lead to increases in our supply costs and make it more difficult to obtain suppliers and may have an
adverse effect on our supply chain from a cost and sourcing perspective. If we attempt to renegotiate prices with suppliers or diversify
our supply chain in response to tariffs, such efforts may not yield immediate results or may be ineffective. We might also consider increasing
prices to the end consumer; however, this could reduce the competitiveness of our products and adversely affect net sales. If we fail
to manage these dynamics successfully, gross margins and profitability could be adversely affected. Increased tariffs or trade restrictions
implemented by the United States could have a material adverse effect on our business prospects, operating results and financial condition.

22

Risks
Relating to Our Common Stock

The
price of our Common Stock may be volatile and may be influenced by numerous factors, some of which are beyond our control.

Factors
that could cause volatility in the market price of our Common Stock include:

    ●
    actual or anticipated
    fluctuations in our financial condition and operating results;

    ●
    actual or anticipated changes
    in our growth rate relative to our competitors;

    ●
    commercial success and
    market acceptance of our products;

    ●
    success of our competitors
    in commercializing products;

    ●
    strategic transactions
    undertaken by us;

    ●
    additions or departures
    of key personnel;

    ●
    product liability claims;

    ●
    prevailing economic conditions;

    ●
    disputes concerning our
    intellectual property or other proprietary rights;

    ●
    U.S. or foreign regulatory
    actions affecting us or our industry;

    ●
    sales of our Common Stock
    by our officers, directors or significant stockholders;

    ●
    future sales or issuances
    of equity or debt securities by us;

    ●
    business disruptions caused
    by natural disasters; and

    ●
    issuance of new or changed
    securities analysts’ reports or recommendations regarding us.

In
addition, the stock markets in general have experienced extreme volatility that have been often unrelated to the operating performance
of the issuer. These broad market fluctuations may negatively impact