Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 79

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 3
Chunk 79
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 internal controls over financial reporting that have materially
affected, or are reasonably likely to materially affect, our internal control over financial reporting.

30

PART
II – OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS

There
are no material pending legal proceedings to which we are a party or in which any director, officer or affiliate of ours, any owner of
record or beneficially of more than 5% of any class of our voting securities, or security holder is a party adverse to us or has a material
interest adverse to us.

ITEM
1A. RISK FACTORS

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information under this
item.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On
January 13, 2025, February 24, 2025, September 11, 2025, September 29, 2025, October 14, 2025, October 24, 2025, October 29, 2025,
November 3, 2025, November 4, 2025, November 5, 2025, and November 7, 2025, the Company issued an aggregate of 12,161,691 shares of
common stock to Quick Capital as partial conversion of $131,249 principal pursuant to the convertible promissory note.

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.

January
17, 2025, February 25, 2025, July 22, 2025, and August 27, 2025, the Company issued an aggregate of 866,649 shares of common stock to
Jefferson as partial conversion of $45,583 principial and accrued interest pursuant to the convertible promissory note.

On
March 12, 2025, July 17, 2025, August 19, 2025, October 28, 2025, October 30, 2025, and November 3, 2025, the Company