Company: BSFC
Filing Date: 2025-07-15
Form Type: 10-Q
Source: 0001641172-25-019736
Chunk: 28

Company: Blue Star Foods Corp.
Filing Date: 2025-07-15
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 of $1,107. The outstanding balance on the loan was $61,457 as of March 31, 2025.

     19 

Note
7. Stockholders’ Equity

On
January 25, 2024, the Company issued 7,092 shares of common stock to ClearThink, with a fair value of $50,000, as a commitment fee
on the term loan.

During
February 2024 and March 2024, the Company issued an aggregate of 226,656
shares of common stock in consideration of $836,360
pursuant to a securities purchase agreement, dated May 16, 2023 with ClearThink. Cash proceeds received as of March 31, 2024 were
$446,360
and the balance of $390,000
was received in April 2024.

On
February 12, 2024, the Company issued 100,000 shares of common stock to be held by The Crone Law Group as Escrow Agent with a fair
value of $630,000 in connection with the Option Agreement with Afritex Texas.

On
March 11, 2024, the Company issued 15,000 shares of common stock to Lind as partial conversion of $60,000 principal pursuant to the
May 2023 convertible promissory note.

During
the three months ended March 31, 2025, the Company issued an aggregate of 302,762 shares of common stock to the designee of ClearThink
for consulting services provided to the Company.

On
January 14, 2025, the Company issued 480,000 shares of common stock to each of Nubar Herian and John Keeler, 960,000 shares of common
stock to each of Timothy McLellan and Trond Ringstad, and 1,440,000 shares of common stock to Jeffrey Guzy, for serving as directors
of the Company.

On
March 11, 2025, the Company issued 350,000 shares of common stock in consideration of proceeds of $19,950 pursuant to a securities purchase
agreement, dated May 16, 2023 with ClearThink.

On
March 12, 2025, the Company issued 288,101 shares of common stock to Diagonal as partial conversion of $15,000 principal pursuant to
the convertible promissory note.

During
the three months ended March 31, 2025, the