Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 111

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 111
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 series of preferred stock   
 as to dividend rights and rights if we liquidate, dissolve or wind up our affairs; and                                                  |
| ● | any                                                                                                                                     
 other specific terms, preferences, rights or limitations of, or restrictions on, the preferred stock.                                   |

The Delaware General Corporation Law provides that the holders of preferred stock will have the right to vote separately as a class on any proposal involving fundamental changes in the rights of holders of that preferred stock. This right is in addition to any voting rights provided for in the applicable certificate of designation.

Our board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of our Common Stock. Preferred stock could be issued quickly with terms designed to delay or prevent a change in control of our Company or make removal of management more difficult. Additionally, the issuance of preferred stock could have the effect of decreasing the market price of our Common Stock.

Stock Options

As of December 31, 2023, the following options are outstanding: (i) a 10-year option to purchase 3,120 shares of Common Stock at an exercise price of $2,000.00 per share granted to Christopher Constable, our former chief financial officer and director, (ii) 10-year options to purchase an aggregate of 601 shares of Common Stock at an exercise price of $2,000.00 per share to certain employees, (iii) 10-year options to purchase an aggregate of 25 shares of Common Stock at an exercise price of $2,000.00 per share to certain contractors under the 2018 Plan; (iv) 3-year options to purchase an aggregate of 500 shares of Common Stock at an exercise price of $2,000.00 per share to the Company’s directors; (v) 3-year options to purchase an aggregate of 28 shares of Common Stock at an exercise price of $860.00 per share to an employee; (vi) 3-year options to purchase an aggregate of 6 shares of Common Stock at an exercise price of $790.00 per share to an employee; (vii) 3-year options to purchase an aggregate of 864 shares of Common Stock at an exercise price of $40.00 per share to Silvia Alana, the Company’s Chief Financial Officer; (viii) 3-year options to purchase an aggregate of 7 shares of common stock at an exercise price of $6,000.00 per share to Sil