Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 26

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 26
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 operations. If we 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.

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

Based on our current business plan, we believe the net proceeds from our underwritten offering, together with our current cash and cash equivalents and cash receipts from sales will enable us to conduct our planned operations for at least the next 12 months. If our available cash balances, net proceeds from the offering and anticipated cash flow from operations are insufficient to satisfy our liquidity requirements including because of lower demand for our products or due to other risks described herein, we may seek to sell Common Stock or preferred stock or convertible debt securities, enter into an additional credit facility or another form of third-party funding or seek other debt financing.

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                                               |