Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 19

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 19
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 | You                                                                                                                                
 should carefully read “Risk Factors” in this prospectus for a discussion of factors that you should consider before deciding       
 to invest in our Common Stock.                                                                                                     |

The number of shares of our Common Stock that will be outstanding immediately after this offering is based on 14,745,374 shares of Common Stock outstanding as of February 7, 2025 and excludes an aggregate of 805,048 shares of Common Stock issuable upon the exercise of stock options and warrants as follows:

| ● | 4,267                                             
 shares of our common stock issuable upon the      
 exercise of stock options;                        |
| ● | 12,205                                            
 shares of our common stock issuable upon exercise 
 of warrants; and                                  |

| ● | 788,576                                                                                                                            
 shares of our common stock that may be issued                                                                                      
 upon conversion of a secured, two-year, interest-free convertible promissory note that we issued to Lind Global Fund II LP on July 
 27, 2023, each of which is subject to potential anti-dilution adjustment as a result of this offering.                             |

| 13 |

<div align='center'>RISK FACTORS</div>

Investing in our Common Stock involves a high degree of risk. Before investing in our Common Stock, you should carefully consider the risks described below, as well as the other information in this prospectus, including our consolidated financial statements and the related notes. In addition, we may face additional risks and uncertainties not currently known to us, or which as of the date of this registration statement we might not consider significant, which may adversely affect our business. If any of the following risks occur, our business, financial condition and results of operations could be materially adversely affected. In such case, the trading price of our Common Stock could decline due to any of these risks or uncertainties, and you may lose part or all of your investment.

Risks Related to Our Business and Industry

The operation of our planned digital banking platform may subject us to costs and risks associated with various laws and regulations, including those relating to data privacy, security and protection. Developments in these and other laws and regulations could harm our business, financial condition or results of operations.

Future acquisitions may have an adverse effect on our ability to manage our business.

Selective acquisitions currently form part of our strategy to further expand our business. If we are presented with appropriate opportunities, we may acquire additional businesses, services or products that are complementary to our core business. Future acquisitions and the subsequent