Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 195

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 195
---
10) of the Securities Act.

In conjunction with the August Private Placement Offering, the Company entered into a registration rights agreement with each of Quick Capital and Jefferson. The Company agreed to file a registration statement with the Securities and Exchange Commission to register the re-sale of the maximum number of shares of Common Stock covered in the August Private Placement Offering within sixty (60) calendar days from the date of execution.

Note 7. Stockholders’ Equity

In January 2023, the Company sold an aggregate of 474shares of common stock for net proceeds of $ 182,982in an “at the market” offering pursuant to a sales agreement between the Company and Roth Capital Partners, LLC (“Roth”). On January 31, 2023, 151shares were repurchased from Roth for $ 76,323. The offering was terminated on February 2, 2023.

On February 14, 2023, the Company issued 8,200shares of common stock and 800pre-funded warrants to purchase common stock to Aegis Capital Corp. (“Aegis”) for net proceeds of $ 1,692,000in connection with an underwritten offering.

On August 22, 2023, the Company issued 4,000shares of common stock with a fair value of $ 157,980to Mark Crone for consulting services provided to the Company which is amortized to expense over the term of the agreement. The Company recognized stock compensation expense of $ 50,000for the nine months ended September 30, 2023 in connection with these shares.

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

During the nine months ended September 30, 2023, between May 2023, June 2023, and August 2023, the Company issued an aggregate of 1,832shares of common stock for cash proceeds of $ 200,000pursuant to a securities purchase agreement, dated May 16, 2023 with ClearThink. In connection with such agreement, the Company also issued 1,250shares of common stock to ClearThink as commitment fees, with a fair value of $ 141,250, which was recorded as stock issuance costs.

During the nine months ended September 30,