Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 29

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 29
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 foreign processors or joint ventures; |
| ● | imposition                                                                                                                              
 of differing labor laws and standards;                                                                                                  |
| ● | economic,                                                                                                                               
 political or social instability in foreign countries and regions;                                                                       |
| ● | an                                                                                                                                      
 inability, or reduced ability, to protect our intellectual property, including any effect of compulsory licensing imposed by government 
 action;                                                                                                                                 |
| ● | availability                                                                                                                            
 of government subsidies or other incentives that benefit competitors in their local markets that are not available to us;               |
| ● | difficulties                                                                                                                            
 in recruiting and retaining personnel, and managing international operations;                                                           |
| ● | less                                                                                                                                    
 developed infrastructure; and impositions on operations as a result of the COVID-19 pandemic.                                           |

If we expand into other target markets, we cannot assure you that our expansion plans will be realized, or if realized, be successful. We expect each market to have particular regulatory and funding hurdles to overcome and future developments in these markets, including the uncertainty relating to governmental policies and regulations, could harm our business. If we expend significant time and resources on expansion plans that fail or are delayed, our reputation, business and financial condition may be harmed.

Our results may be impacted by changes in foreign currency exchange rates.

Currently, the majority of our international sales contracts are denominated in U.S. dollars. We pay certain of our suppliers in a foreign currency and we may pay others in the future in foreign currency. As a result, an increase in the value of the U.S. dollar relative to foreign currencies could require us to reduce our selling price or risk making our product less competitive in international markets or our costs could increase. Also, if our international sales increase, we may enter into a greater number of transactions denominated in non-U.S. dollars, which could expose us to foreign currency risks, including changes in currency exchange rates.

A larger portion of our revenues may be denominated in other foreign currencies if we expand our international operations. Conducting business in currencies other than U.S. dollars subjects us to fluctuations in currency exchange rates that could have a negative impact on our operating results. Fluctuations in the value of the U.S. dollar relative to other currencies impact our revenues, cost of revenues and operating margins and result in foreign currency translation gains and losses.

We could be negatively impacted by violations of applicable anti-corruption laws or violations of our internal policies designed to ensure ethical business practices.

We operate in a number of countries throughout the world, including in countries that do not have as strong a