secwatch.observer — SEC 8-K summary
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Issuer:     Blue Star Foods Corp. (BSFC)
CIK:        0001730773
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0001493152-22-002588
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blue Star Foods secures $5.75M convertible note and warrant with Lind Global Fund II
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- $5.75M secured convertible note, interest-free, 2-year term; 18 monthly payments of $333,333 starting July 2022.
- Conversion price $5.00/share; warrant for 1M shares at $4.50 with full ratchet anti-dilution.
- First priority lien on all assets, including pledge of John Keeler & Co. shares; subsidiary guarantees with second priority.
- Registration statement required within 180 days; default triggers include market cap below $10M for 10 days.
- Proceeds used for general working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730773/000149315222002588/0001493152-22-002588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730773/000149315222002588/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-002588

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