Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 475

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 475
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 are unable to do so, our financial condition and results of operations will be materially
and adversely affected and we may be unable to continue as a going concern.

We
face risks related to the current global economic environment which could harm our business, financial condition and results of operations.

The
state of the global economy continues to be uncertain. The current global economic conditions and uncertain credit markets, concerns
regarding the availability of credit pose a risk that could impact our international relationships, as well as our ability to manage
normal commercial relationships with our customers, suppliers and creditors, including financial institutions. Global trade issues and
the impositions of tariffs could also have an adverse effect on our international business activities. If the current global economic
environment deteriorates, our business could be negatively affected.

15

We
may need to raise additional capital to fund our existing commercial operations and develop and commercialize new products and expand
our operations.

We
may consider raising additional capital in the future to expand our business, to pursue strategic investments, to take advantage of financing
opportunities or for other reasons, including to:

    ●
    increase our
    sales and marketing efforts and address competitive developments;

    ●
    provide for supply and
    inventory costs;

    ●
    fund development and marketing
    efforts of any future products or additional features to then-current products;

    ●
    acquire, license or invest
    in new technologies;

    ●
    acquire or invest in complementary
    businesses or assets; and

    ●
    finance capital expenditures
    and general and administrative expenses

Our
present and future funding requirements will depend on many factors, including:

    ●
    our ability
    to achieve revenue growth and improve gross margins;

    ●
    the cost of expanding our
    operations and offerings, including our sales and marketing efforts;

    ●
    the effect of competing
    market developments; and

    ●
    costs related to international
    expansion.

The
various ways we could raise additional capital carry potential risks. If we raise funds by issuing equity securities, dilution to our
stockholders could result. Any equity securities issued also could provide for rights, preferences or privileges senior to those of holders
of our Common Stock. If we raise funds by issuing debt securities, those debt securities would have rights, preferences and privileges
senior to those of holders of our Common Stock. The terms of debt securities issued or borrowings pursuant to a credit agreement could
impose significant