Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 1077

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 3
Chunk 1077
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egis Capital
Corp. (“Aegis”) for net proceeds of $1,692,000 in connection with an underwritten offering.

    F-28

On
August 22, 2023, the Company issued 4,000 shares of common stock with a fair value of $157,980 to Mark Crone for consulting services
to be provided to the Company starting on January 1, 2024, which will be amortized to expense over the term of the agreement and the
shares will vest when services are provided. The Company recognized no stock compensation expense for the year ended December 31, 2023
in connection with these shares.

On
September 11, 2023, the Company sold an aggregate of 13,800 shares of common stock for net proceeds of $321,195 in an underwritten public
offering pursuant to a securities purchase agreement. The Company issued an aggregate of 34,008 shares upon the exercise of warrants.

On
December 31, 2023, the Company issued an aggregate of 79,167 shares of common stock to John Keeler’s designee in lieu of payment
of $570,000 of the principal amount of outstanding promissory notes held by Mr. Keeler.

On
December 31, 2023, the Company issued 3,472 shares of common stock to each of Silvia Alana, Nubar Herian and John Keeler, 5,556 shares
of common stock to each of Timothy McLellan and Trond Ringstad, 2,025 shares of common stock to Juan Carlos Dalto and 7,986 shares of
common stock to Jeffrey Guzy with a total fair value of $227,083 for serving as directors of the Company.

On
December 31, 2023, the Company issued 34,722 shares of common stock to Walter Lubkin Jr. in lieu of $250,000 of outstanding principal
payment due under promissory notes issued by the Company in connection with the Coastal Pride acquisition.

During
the year ended December 31, 2023, the Company issued an aggregate of 4,785 shares of common stock to the designee of ClearThink for consulting
services provided to the Company.

During
the year ended December 31, 2023, the Company issued an aggregate of 27,612 shares of common stock for cash proceeds of $343,849 pursuant
to a securities purchase agreement, dated May 16, 2023