M&A
confidence high
sentiment positive
materiality 0.50
Blue Star Foods subsidiary acquires Gault Seafood's soft shell crab assets for $718,500
Blue Star Foods Corp.
- Coastal Pride Seafood purchased all soft shell crab assets for $359,250 cash and 167,093 restricted shares.
- Shares subject to leak-out agreement; seller cannot transfer until February 3, 2023.
- Coastal also entered consulting agreement with Robert Gault II at $100/hour, first 45 days free.
- Coastal leases space in Beaufort, SC for $1,000/month under one-year lease.
- No liabilities assumed; acquisition expands Blue Star's seafood operations.