Company: BSFC
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021887
Chunk: 37

Company: Blue Star Foods Corp.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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    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 
     (2,358) 
    $-  

    Outstanding – September 30, 2024 
     12,261  
    $129.05  
     4.15  

    Exercisable – September 30, 2024 
     12,261  
    $129.05  
     4.15  
    $       - 

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 5five-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.

    21

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 5five-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.

On
September 11, 2023, in connection with the underwritten public offering, the Company issued 5five-year
Series A-1 warrants to purchase up to 214,823 shares of common stock which warrants are exercisable upon stockholder approval at an exercise
price