Company: BSFC
Filing Date: 2025-02-10
Form Type: POS AM
Source: 0001493152-25-005479
Chunk: 151

Company: Blue Star Foods Corp.
Filing Date: 2025-02-10
Form: POS AM
Chunk 151
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 market” offering pursuant to a sales agreement between the Company and Roth Capital Partners, LLC (“Roth”). On January 31, 2023, 151of shares 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.

| F-21 |

On August 22, 2023, the Company issued 4,000shares of common stock with a fair value of $ 157,980to Mark Crone for consulting services to be provided to the Company starting on January 1, 2024, which will be amortized to expense over the term of the agreement and the shares will vest when services are provided. The Company recognized nostock compensation expense for the year ended December 31, 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.

On December 31, 2023, the Company issued an aggregate of 79,167shares of common stock to John Keeler’s designee in lieu of payment of $ 570,000of the principal amount of outstanding promissory notes held by Mr. Keeler.

On December 31, 2023, the Company issued 3,472shares of common stock to each of Silvia Alana, Nubar Herian and John Keeler, 5,556shares of common stock to each of Timothy McLellan and Trond Ringstad, 2,025shares of common stock to Juan Carlos Dalto and 7,986shares of common stock to Jeffrey Guzy with a total fair value of $ 227,083for serving as directors of the Company.

On December 31, 2023, the Company issued 34,722shares of common stock to Walter Lubkin Jr. in lieu of $ 250,000of outstanding principal payment due under promissory notes issued by the Company in connection with the Coastal Pride acquisition.

During the year ended December 31, 202