Company: BSFC
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001493152-25-012137
Chunk: 67

Company: Blue Star Foods Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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 to be held by The Crone Law Group as Escrow Agent with a fair value
of $630,000 in connection with the Option Agreement with Afritex Texas.

On May 22, 2024, the Company issued 10,000 shares
of common stock to Hart, with a fair value of $23,300, as a commitment fee on the promissory note.

During the six months ended June 30, 2024, the Company
issued an aggregate of 1,339,656 shares of common stock in consideration of proceeds of $2,982,415 pursuant to a securities purchase agreement,
dated May 16, 2023 with ClearThink. Cash proceeds received as of June 30, 2024 were $2,160,765 and the balance of $821,650 was received
in July 2024.

During the six months ended June 30, 2024, the Company
issued an aggregate of 441,831 shares of common stock to Lind as partial conversion of $944,900 principal pursuant to the May 2023 convertible
promissory note.

During the six months ended June 30, 2024, the Company
issued an aggregate of 11,557 shares of common stock to the designee of ClearThink with a fair value of $55,000 for consulting services
provided to the Company.

During
the six months ended June 30, 2025, the Company issued an aggregate of 877,509 shares of common stock to the designee of ClearThink for
consulting services provided to the Company.

On
January 14, 2025, the Company issued 480,000 shares of common stock to each of Nubar Herian and John Keeler, 960,000 shares of common
stock to each of Timothy McLellan and Trond Ringstad, and 1,440,000 shares of common stock to Jeffrey Guzy, for serving as directors
of the Company.

On
March 11, 2025, the Company issued 350,000 shares of common stock in consideration of proceeds of $19,950 pursuant to a securities purchase
agreement, dated May 16, 2023 with ClearThink.

On
March 12, 2025, the Company issued 288,101 shares of common stock to Diagonal as partial conversion of $15,000 principal pursuant to
the convertible promissory note.

During
the six months ended June 30, 202