Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 70

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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 Remaining  Contractual  Life in  Years  
    Aggregate  Intrinsic Value 
  
    Outstanding – December 31, 2023 
     14,619  
    $601.78  
     4.20  

    Exercisable – December 31, 2023 
     11,114  
    $770.50  
     5.52  
    $     - 
  
    Granted 
     -  
    $-  

    Exercised 
     -  
    $-  

    Forfeited or Expired 
     (2,144) 
    $-  

    Outstanding – June 30, 2024 
     12,475  
    $161.07  
     4.30  

    Exercisable – June 30, 2024 
     12,475  
    $161.07  
     4.30  
    $- 

On
May 30, 2023, in connection with the issuance of the $1,200,000
promissory note to Lind pursuant to a securities purchase agreement, the Company issued Lind a 5 five-year warrant exercisable six
months from the date of issuance to purchase 8,701
shares of common stock at an exercise price of $122.50
per share. The warrant provides for cashless exercise and full ratchet anti-dilution provisions. The fair value of the warrants of
$381,538
was recorded as a discount to the 2023 Lind Note and classified as liabilities.

On
July 27, 2023, in connection with the issuance of the $300,000
promissory note to Lind pursuant to the Purchase Agreement Amendment, the Company issued Lind a 5 five-year warrant exercisable six
months from the date of issuance to purchase 3,505
shares of common stock at an exercise price of $67.00
per share. The warrant provides for cashless exercise and full ratchet anti-dilution provisions. The fair value of the warrants of
$72,208
was recorded as a discount to the 2023 Purchase Agreement Amendment and classified as a liability.

    21

On
September 11, 2023, in connection with the underwritten public offering, the
Company issued 5 five-year Series A-1 warrants to purchase up to 214,823